Offshore platforms in the UK North Sea “face the risk of production shut-ins” due to oil storage constraints, according to leading analysts.
Forties Pipeline System
Ineos has extended the postponement of its shut down of the Forties Pipeline System until next year due to the Covid-19 pandemic.
The delayed shutdown of the Forties Pipeline System could increase North Sea production to around three million barrels per day (bpd), according to an energy research firm.
Energy giant Ineos has announced it is to postpone the planned shutdown of its Forties Pipeline until August.
Ineos has vowed to carry on with its planned shutdown of the Forties Pipeline System in June.
Following the result of the general election, we can now expect to leave the EU at the end of January, although very little will change on that date as we will move into a transitional period when existing EU rules and trade terms continue to apply in the UK.
A lightning strike in Aberdeenshire caused the temporary shutdown of a major North Sea pipeline today.
Ineos has confirmed repairs have concluded on the Forties Pipeline System and that it is "ramping up to full rates".
Ineos has announced it expects to complete repairs to the Forties pipeline system today.
Energy firm Ineos has said full ramp up of the Forties will take longer than first stated as the firm looks to carry out repairs on the North Sea pipeline.
Zennor Petroleum has said it has reached two “significant milestones” for the development of its Finlaggan project in the North Sea.
The National Grid has said that the start-up of a giant Norwegian gas field will help ensure the UK’s supply in the coming winter.
It was one of the most significant projects in the history of oil exploration.
Operator of the Forties Pipeline System (FPS), Ineos have confirmed today that they have "temporarily postponed" vessel movement and loading due to the adverse weather caused by the Beast from the East.
Loadings of crude from the Forties Pipeline System are believed to have been affected by the inclement weather hitting the UK last night and today.
Britain’s economy is forecast to have held up in the fourth quarter, but some experts predict the unexpected shutdown of a major North Sea pipeline will drag on growth.
The recent shut-in of numerous North Sea fields as a result of the required repairs to the Forties pipeline is the first major UKCS industry-wide force majeure event since Piper Alpha almost 30 years ago.
Serica Energy plc have announced the restart of the Bruce, Keith and Rhum fields within the North Sea following the Forties pipeline repair.
The Health and Safety Executive (HSE) confirms that inspectors looking into the Forties Pipeline System were “satisfied” with repair work carried out as the system becomes fully operational.
Road restrictions around a major North Sea pipeline have been lifted following the completion of work to repair a fault in the pipe.
Oil giant Shell has confirmed that it will undertake a phased increase in production within the "coming days" from its Shearwater and Nelson platforms now that the Forties pipeline has been mechanically repaired.
Ineos have announced that the hairline crack which caused the Forties pipeline leak is currently stable and that they expect to have it repaired by Christmas.
Oil and gas prices have made hefty gains after the market took a double-whammy hit following a European gas hub explosion and the shut down of a major North Sea pipeline.
Petrochemicals giant Ineos yesterday launched a staunch defence of its track record as an employer and infrastructure owner after agreeing to buy the Forties pipeline system from BP for £200million.