BP cutting debt to $35bn nearly a year ahead of schedule
BP expects to hit cut its debt to $35billion (£25.2bn) nearly a year ahead of schedule thanks to proceeds from a flurry of deals, moving forward its timeline for share buybacks.
Ineos
‘The next place to look is the UK’ says Ineos Energy chairman Gilvary
The UK North Sea is next on the list of growth targets for Ineos Energy, according to executive chairman Brian Gilvary.
Ineos to acquire Hess oil and gas assets in Denmark for $150million
Ineos has announced a $150million (£108m) deal to buy the oil and gas assets of Hess Corporation in Denmark.
Kentech strikes deal to buy SNC-Lavalin’s oil and gas business
Energy services firm Kentech has struck a deal to buy Canadian engineering company SNC-Lavalin’s oil and gas division.
BP sinks to losses of £18bn in 2020 as Covid and crude price crash take toll
BP fell to pre-tax losses of £18 billion in 2020 as the energy giant’s balance sheet creaked under the weight of lower oil and gas prices.
Ineos completes £4billion acquisition of BP petrochemicals business
Ineos has completed its £4billion acquisition of the petrochemicals business of BP.
Former BP CFO to chair new energy venture at Ineos
Petrochemicals giant Ineos said today it was launching a new division chaired by former BP chief financial officer Brian Gilvary.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Ineos launches new clean hydrogen business
Chemicals giant Ineos has launched a new business aimed at developing and building clean hydrogen capacity across Europe.
Extinction Rebellion blockades Ineos Grangemouth refinery
Extinction Rebellion protestors have blockaded the gates at the Ineos petrochemical refinery at Grangemouth in another climate protest.
Jim Ratcliffe, Ineos majority owner and UK’s richest person, moves to Monaco
It’s official: Jim Ratcliffe, the UK's richest person and majority owner of chemicals giant Ineos, is now a Monaco resident.
Investment decision delayed on west of Shetland gas project, Ineos says
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
Ineos North Sea bosses optimistic despite profits plunge
Bosses at Ineos’ North Sea oil and gas business have vowed to keep “pursuing growth opportunities” despite a 95% profits plunge in 2019.
BP to sell petrochemicals business to Ineos for £4bn
One of the UK's largest private companies has struck a five billion dollar (£4 billion) deal to buy a wing of BP that had fallen out of favour at the oil giant.
UK approves decom plans for Ineos-operated field
The UK Government has approved Ineos' decommissioning programme for its Cavendish platform.
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.
Forties pipeline shutdown postponed until next year
Ineos has extended the postponement of its shut down of the Forties Pipeline System until next year due to the Covid-19 pandemic.
IOG: Oil’s freefall shouldn’t mean ‘pit of lowest price bidding’ for North Sea
The North Sea should not run “into a pit of lowest price bidding” just because the supply chain is stressed with the oil price drop, according to the chief operating officer of Independent Oil and Gas (IOG).
Forties delay could increase summer North Sea production to three million bpd, Rystad finds
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.
Ineos to postpone Forties Pipeline shutdown
Energy giant Ineos has announced it is to postpone the planned shutdown of its Forties Pipeline until August.
More than a dozen North Sea projects face red light due to oil price plummet
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Ineos vows to carry on with Forties pipeline shutdown plans
Ineos has vowed to carry on with its planned shutdown of the Forties Pipeline System in June.
Vessel operator Sentinel Marine celebrating raft of deals worth £36m
Offshore support ship operator Sentinel Marine, of Aberdeen, has clinched new contracts and extensions worth £36 million since the start of 2020.
Spirit Energy sells Danish licences to Ineos
Spirit Energy has agreed to sell two non-core Danish assets to petrochemicals giant Ineos.
INEOS gets on the grid with Mercedes
INEOS has launched a five-year partnership with the Mercedes-AMG Petronas F1 Team.