Gulf Oil and Gas accountACCOUNT

BP Eyeing Sale of U.K. Oil Terminals & Pipeline Stake

Source: Reuters 7/20/2016, Location: Europe

Share |
British oil company BP Plc is selling off a string of fuel storage terminals as well as its stake in an big pipeline as part of a shake-up of its operations in the U.K. that affects around 350 jobs, The Daily Telegraph reported.

The company is planning to offload its stake in the onshore United Kingdom Oil Pipeline (UKOP), which it co-owns as part of a consortium with Royal Dutch Shell, U.S. refiner Valero Energy Corp and France's Total, the report said.

As part of the overhaul, BP is also selling its storage terminals at Belfast, Hamble and Northampton, according to the Telegraph.

Oil Storage News in United Kingdom >>

Austria >>  4/26/2017 - For the first time this year, oil futures on both sides of the Atlantic were down m-o-m, but were up sharply for the quarter and the year. Both fell t...
Cyprus >>  4/25/2017 - SeaBird Exploration has signed a letter of award for an upcoming 2D seismic survey in West Africa. The project is due to commence in the second quarte...

Austria >>  4/13/2017 - Commodity prices were under pressure in the first half of the month as interest rate expectations in the US increased sharply in the run-up to the US ...
Austria >>  4/11/2017 - The ORB ended the month of February gaining for the third consecutive month, with support coming from the continued positive market momentum that star...

United Kingdom >>  4/10/2017 - Wood Group has been awarded a contract by Premier Oil to deliver front end engineering design (FEED) to the Tolmount offshore field development in the...
Norway >>  4/7/2017 - Aker Solutions secured a framework agreement for as many as 10 years from Aker BP to provide engineering and procurement services for new offshore fie...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in United Kingdom >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.