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 >>  10/22/2017 - Product markets in Europe performed slightly better compared with last year, supported by higher demand for gasoline and middle distillates as well as...
Norway >>  10/20/2017 - Aker Solutions won an order valued at more than NOK 1.6 billion to deliver the largest umbilicals system ever. The contract entails delivery of 250 ki...

United Kingdom >>  10/19/2017 - TechnipFMC (FTI) announces that an agreement has been reached with Plexus Holding plc (Plexus) to acquire Plexusís Wellhead exploration equipment and ...
Austria >>  10/16/2017 - OPEC crude for 2018 was revived up by more than 0.2 mb/d from the previous month to 33.1 mb/d representing an increase of 0.3 mb/d over 2017. ...

Austria >>  10/10/2017 - Oil futures rose further in August, with ICE Brent gaining 5.5% and averaging above the $50/b mark, supported greatly by a decline in US crude oil sto...
United Kingdom >>  10/9/2017 - Wood Group is pleased to announce that it has completed the acquisition of Amec Foster Wheeler. Wood Groupís new ordinary shares will be admitted to t...

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 | 24 | 25 | 26 |

More News

 

Oil & Gas Companies in United Kingdom >>


Related Links

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