BP in talks with Ineos to sell North Sea’s largest pipeline

BP in talks with Ineos to sell North Sea's largest pipeline If the deal goes ahead the fracking supporter and owner of Grangemouth Refinary will have control of the pipeline system bringing in one million barrels a day from offshore fields. Share. ByAnnie BrownCharlie Gall. 18:38, 16 MAR 2017; Updated 18:40, …

Scottish Daily Record

BP in talks over sale of largest North Sea pipeline

The Forties pipeline carries around 40% of British oil, transporting it from the middle of the North Sea to an onshore terminal in Aberdeenshire. BP is considering selling the 100-mile pipeline to London-based Ineos, which already co-owns Scotland’s

STV News

BP in talks with Ineos to sell North Sea’s largest pipeline

BP is in talks with chemicals giant Ineos to sell the North Sea’s largest and oldest oil pipeline, which is used to transport the crude that prices the global Brent benchmark. The pipeline system is around 100 miles long. It transports oil from the

Telegraph.co.uk

BP confirms in Forties sales talks with Ineos

LONDON–Oil major BP PLC (BP.LN) confirmed Friday it is in talks with Ineos over the potential sale of its Forties pipeline system in the U.K. North sea. It didn’t provide any indication of the price, but said further information will be given as

MarketWatch

Ineos in discussions with BP to buy Forties Pipeline System

Ineos, the UK petrochemicals group, is in discussions with BP to buy the Forties Pipeline System, one of the most strategically important pieces of infrastructure in the North Sea. The Forties pipeline system is made up of about 100 miles of pipeline

Financial Times

BP in talks to sell North Sea’s biggest oil pipeline system to Ineos

BP (BP +0.8%) says it is in talks with Ineos to sell the Forties pipeline system, the North Sea’s largest and oldest oil pipeline system. Both companies have confirmed the talks, which first emerged a year ago but were believed to have collapsed last

Seeking Alpha

BP Confirms Talks to Sell Key North Sea Oil Pipeline to Ineos

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

Bloomberg

Forties pipeline sale would place too much power in Ratcliffe’s hands, union warns

A trade union has warned that BP’s proposed sale of the Forties pipeline to Ineos would give one man the power to “bring the entire country to a standstill”. Unite said it would be dangerous to give billionaire Jim Ratcliffe’s company control of the

Energy Voice

BP in talks to sell oil pipeline to Ineos

BP is in talks to sell the North Sea’s biggest pipeline to Ineos, the petrochemicals giant run by Jim Ratcliffe. Both companies yesterday confirmed the talks over the Forties Pipeline System, which carries about 450,000 barrels of oil a day — about 40

The Times (subscription)

North Sea Crude-Forties steady, Brent inches higher

LONDON, March 16 (Reuters) – Forties crude differentials held steady on Thursday in spite of a number of offers for cargoes via ship-to-ship transfer, often a sign of an oversupplied market. * Brent diffs edged higher after a modestly stronger bid from

Times of India

Billionaire petrochemicals giant bids for BP’s North Sea oil pipeline… 100’s of jobs at risk

A billionaire chemicals tycoon is planning to buy one of Britain’s most important oil pipelines – putting the future of hundreds of jobs in doubt. Leading industrialist Jim Ratcliffe, founder and chairman of petrochemicals giant Ineos, is in talks with

This is Money

PRESS: BP In Talks To Sell Forties Pipeline In UK North Sea To Ineos

LONDON (Alliance News) – BP PLC is in talks about selling the UK North Sea’s largest and oldest oil pipeline to chemicals firm Ineos, with both companies confirming discussions are underway, The Telegraph reported on Thursday. The pipeline system is …

London South East (registration) (blog)

Ineos opens talks with BP over deal to acquire Forties pipeline

INEOS, the energy giant behind Grangemouth’s sprawling petrochemical complex, is in talks to acquire the Forties North Sea oil pipeline from BP, it emerged last night. The two companies confirmed that discussions over the sale have taken place, but no …

Herald Scotland

Union fears over BP oil pipeline sale to Ineos

Unite has warned an “incredible amount of power” over Scotland’s economic future will lie in the hands of petrochemicals billionaire Jim Ratcliffe if INEOS secures a deal to acquire the Forties oil pipeline from BP. Union Scottish Secretary Pat

The Courier

Ineos to build cars – just not in Grangemouth

However, the £100 million factory to build a brand new 4×4 off road vehicle will not be coming to Grangemouth, where Ineos has its petrochemical complex. Following the completion of a six-month feasibility study, the company confirmed it will go ahead

Falkirk Herald

Will BP plc (BP) Divest the Largest Pipeline of North Sea?

Energy giant BP plc BP is discussing the prospects of divesting the Forties pipeline system with Ineos, the leading manufacturer of chemicals and oil products. The Forties pipeline system is considered to be the largest and oldest oil pipeline of the

Nasdaq

BP in talks with Ineos over Forties pipeline sale

Oil giant BP is in talks with chemicals group Ineos over the sale of the North Sea’s largest pipeline. BP’s Forties Pipeline System (FPS) transports about 450,000 barrels of oil per day on average – about 40% of UK production. The pipeline is one of

BBC News

BP in talks to sell Forties pipeline system to petrochemicals company Ineos

British energy giant BP Plc is in talks to sell its Forties pipeline system in the North Sea to London-based privately-owned multinational petrochemicals company Ineos. The 100-mile Forties pipeline system is a strategic pipeline network in the North

domain-B

BP share price: Group in talks to sell North Sea pipeline

BP (LON:BP) is in talks to sell the North Sea’s biggest pipeline to petrochemical giant Ineos, The Times has reported. The potential sale would come after FTSE 100 peer Royal Dutch Shell (LON:RDSA) agreed to offload a package of UK North Sea assets to …

iNVEZZ

Ineos is in talks to buy BP’s Forties pipeline system in the North Sea

I am a journalist for City A.M. reporting on the Industrials sector. I also keep [..] Show more. Follow Courtney. Grangemouth Oil Refinery Workers Walk Out On Strike. BP is looking to offload its older assets, like the Forties pipeline (Source: Getty

City A.M.

BP in talks to sell North Sea pipeline to Ineos

Ineos, the UK petrochemicals group, is in talks with BP to buy the Forties pipeline system, one of the most strategically important pieces of infrastructure in the North Sea. Sample the FT’s top stories for a week. You select the topic, we deliver the

Financial Times