The UK’s main pipeline system in the North Sea has been closed for emergency repairs, pushing the oil price above US$65 a barrel for the first time in over two years. The Forties Pipeline System (FPS) was shutdown by its operator, privately owned Ineos, followed the...
DONG Energy (CSE:DENERG) has confirmed it will sell the entirety of its upstream oil and gas business to Ineos, in a deal totalling US$1 billion. Chief executive Henrik Poulsen revealed the divestment is part of the Danish company’s continued evolution towards becoming a pure play renewable...
Energy Major Ineos has signed a deal to purchase BP’s Forties Pipeline System for US$250 million. The pipeline carries almost 40% of North Sea oil and gas production – around 450,000 barrels of oil per day – and is one of the oldest in the sector...
The first shipment of US shale gas is arriving at Ineos’ refinery and petrochemicals plant in Scotland. The tanker carrying 27,500m3 of ethane from US shale fields arrived is due to dock at Grangemouth today. Ineos’ shipment will be the first of a continuous supply of shale...
US shale gas arrived in Europe for the first time last week. The INEOS Intrepid arrived at the company’s petrochemical plant at Rafnes in Norway carrying a shipment of 27,500 cubic metres of US shale gas ethane. The arrival represents the first time US shale gas has...