Oil traded higher after a surprise U.S. crude stockpile draw coupled with an outage at a key North Sea pipeline tempered weak economic data from Germany.
Petrochemicals giant Ineos has handed oilfield service firm Petrofac a three-year deal to provide operations and maintenance crew for its Forties pipeline business.
A developer has lost a multi-million-pound court battle against a North Sea oil giant after its proposal to build a hotel close to the Forties pipeline was rejected.
A huge project to rejuvenate a vital North Sea pipeline system will deliver a jobs boost for the north-east.
US oil firm Apache Corporation has said that it is planning "lower activity" across its business in 2019.
Energy giant Ineos said it intended to re-open the Forties pipeline overnight after it shut for the second time in recent months.
Britain's economy performed better than expected in the fourth quarter thanks to the country's powerhouse services sector, though there are warning signs of "slower and uneven" growth.
Scottish granite had a hand in the shutdown of the Forties pipeline in December, infrastructure owner Ineos was cited as saying in a news report.
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.
Ineos has announced that it expects the Forties pipeline to be back up to normal rates around the New Year period.
Apache North Sea has announced that it expects to be back to pre-shutdown production levels within several days as Ineos completes repairs to the Forties pipeline.
The North Sea oil and gas industry will have breathed a sigh of relief at yesterday's announcement that a crack in the Forties pipeline will be fixed "around Christmas".
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.
These pictures show the continued work underway to repair the crack in the Forties pipeline.
The loading of Forties crude cargoes are to be delayed by at least two weeks due to the shutdown of the Forties pipeline.
The International Energy Agency (IEA) has announced that it will reduce its estimate for UK oil production by 300kb/d for December in reaction to the Forties pipeline closure.
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.
The North Sea is headed for a sweeping shutdown unless a small crack in a pipeline near Aberdeen can be fixed quickly, industry experts have said.
Ineos said today that the Forties pipeline will shut down for a "short period" to allow repairs to be carried out.
A number of residents have been evacuated from an area near Netherley, Aberdeenshire, after a leak was detected at the Forties pipeline.
Petrochemical giant Ineos has built on a number of 2017 acquisitions – after taking a punt on a top flight Swiss football club.
Engineering firm Bilfinger has secured 210 jobs after winning a deal to carry out maintenance work on key Scottish oil and gas infrastructure for another five years.
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”.
BP is in talks with Ineos AG to sell the Forties pipeline, one of the most important pieces of oil infrastructure in the UK North Sea.