Windfall tax could lead to Forties pipeline closing 10 years early, Ineos says
The operator of the crucial Forties Pipeline System (FPS) has warned it could close 10 years early due to the UK government's North Sea tax policies.
Forties Pipeline System (FPS)
Bilfinger wins Forties Pipeline maintenance work for Ineos
Ineos FPS has awarded Bilfinger a new contract carrying out maintenance work across the Forties Pipeline System for up to five years.
Apache’s Beryl and Forties to go ‘cash flow negative’ on end to drilling decision
Welligence analysis shows Apache decision to halt drilling at Beryl and Forties hubs will significantly impact field production life.
Ineos’ Ratcliffe decries ‘total lack’ of UK energy policy as Forties flows decline
Ineos chairman Jim Ratcliffe took aim at UK politicians over what he described as a "total lack" of energy policy, as flows through a key North Sea pipeline tail off by some 40%.
Rising costs and inefficiencies see North Sea operators fork out £7.2bn
New progress reports from the North Sea oil and gas regulator show that efficiency across the basin fell, while operating costs rose by nearly a quarter.
Craig International lands INEOS FPS contract potentially worth over £20 million
Aberdeen firm Craig International has secured a major contract with Ineos FPS, potentially valued at over £20 million.
Petrofac wins ‘enhanced’ North Sea contract with Ineos FPS
Petrofac has been awarded an “enhanced” five-year deal with Ineos FPS (Forties Pipeline System) in the North Sea.
Bilfinger Salamis had ‘particularly strong year’ before Covid-19 hit
Bilfinger Salamis was having a “particularly strong year” before Covid-19 struck the oil and gas industry, new accounts have revealed.
Extinction Rebellion blockades Ineos Grangemouth refinery
Extinction Rebellion protestors have blockaded the gates at the Ineos petrochemical refinery at Grangemouth in another climate protest.
Ineos picks firm date for rescheduled Forties Pipeline System shutdown
Ineos has set a firm date of May 27, 2021 for the rescheduled shutdown of the Forties Pipeline System (FPS).
Drager makes ‘six-figure investment’ in Aberdeen facility despite Covid-19 uncertainty
Drager Marine and Offshore is set to inject cash into its Aberdeen facility despite the industry uncertainty created by the Covid-19 crisis.
Bilfinger UK confirms more than 150 furloughed workers face redundancy
More than 150 workers at Bilfinger UK could face the axe as the company confirmed it has begun redundancy consultation for staff currently on the Covid-19 furlough scheme.