BP Plc is in talks with Ineos AG to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the U.K. North Sea.
The two companies confirmed the discussions, but declined to comment on the potential value of the deal or provide a time frame. The pipeline system transports 450,000 barrels a day, comprising about 40 percent of the U.K.’s total oil production and the largest constituent of Dated Brent, the international crude benchmark.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Vestas awaits clarity on major US green energy funding
After a second quarter that, to put it mildly, was disappointing on order intake, the Danish wind turbine manufacturer intends to maintain its price strategy. Major green energy funding from the US spells promise, but Vestas is waiting for final clarity.
Vestas books deficit of EUR 147m in Q2
As expected, the Danish OEM struggled through yet another quarter of ongoing supply chain problems dominating the company’s financial results.
Ørsted extends climate ambitions to supply chain
The Danish power company wants all of its suppliers to exclusively utilize renewable energy from 2025.
Media: Russia blocks Western utilities' asset sales
According to Russian media Kommersant, the country’s authorities have frozen divestments of, among others, Enel and Fortum’s power plants and wind farms. The Finnish utility is analyzing the situation, however without confirming implication.
KK Wind Solutions ready to "immediately scale" asset purchase from Vestas
With the takeover of Vestas' converter and control systems business, KK Wind Solutions has more than doubled its personnel head count in less than four years.
Senior Transaction Manager, M&A and Project Financing 
Director/VP til VP Engineering & Design 
Head for biogas and compressors 
Director Projects & Technology 
HV Specialist for newly created position 
GMP Compliance Consultant to Eltronic in Ballerup 
A lawyer (chief consultant) is wanted for People & Culture 
Adm. Director of Svendborg District Heating 
Technically skilled Project Manager for a new function in eMobility Delivery in Norlys Energi 
Financial Analyst 
The Climate Council is looking for a student assistant with an interest in the climate area, good understanding of numbers and analytical sense 
Heat pump Consultant and Coordinator