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.
The UK North Sea is next on the list of growth targets for Ineos Energy, according to executive chairman Brian Gilvary.
Ineos has announced a $150million (£108m) deal to buy the oil and gas assets of Hess Corporation in Denmark.
Energy services firm Kentech has struck a deal to buy Canadian engineering company SNC-Lavalin’s oil and gas division.
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 has completed its £4billion acquisition of the petrochemicals business of BP.
Petrochemicals giant Ineos said today it was launching a new division chaired by former BP chief financial officer Brian Gilvary.
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.
Chemicals giant Ineos has launched a new business aimed at developing and building clean hydrogen capacity across Europe.
Extinction Rebellion protestors have blockaded the gates at the Ineos petrochemical refinery at Grangemouth in another climate protest.
It’s official: Jim Ratcliffe, the UK's richest person and majority owner of chemicals giant Ineos, is now a Monaco resident.
Total has put off making a final investment decision (FID) on its Glendronach gas discovery until next year, project partner Ineos has said.
Bosses at Ineos’ North Sea oil and gas business have vowed to keep “pursuing growth opportunities” despite a 95% profits plunge in 2019.
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.
The UK Government has approved Ineos' decommissioning programme for its Cavendish platform.
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.
Ineos has extended the postponement of its shut down of the Forties Pipeline System until next year due to the Covid-19 pandemic.
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).
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.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Ineos has vowed to carry on with its planned shutdown of the Forties Pipeline System in June.
Offshore support ship operator Sentinel Marine, of Aberdeen, has clinched new contracts and extensions worth £36 million since the start of 2020.
Spirit Energy has agreed to sell two non-core Danish assets to petrochemicals giant Ineos.
INEOS has launched a five-year partnership with the Mercedes-AMG Petronas F1 Team.