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 >>  2/26/2017 - The ORB started the year twofold higher than in the same month last year, averaging more than $52/b compared to a little above $25/b in January 2016. ...
Austria >>  2/22/2017 - Open interest volume (OIV) increased in January for selected US commodity markets such as agriculture, crude oil, copper, precious metals, agriculture...

Norway >>  2/13/2017 - Statoil awards Simon Mokster Shipping AS contracts for three emergency response and rescue vessels (ERRV), and Havila Shipping ASA for one ERRV. The c...
Norway >>  2/13/2017 - Preliminary data for November shows total European stocks fell by 12.8 mb to stand at 1,125.8 mb, which is 12.2 mb, or 1.1%, below the same time a yea...

Norway >>  2/8/2017 - Aker Solutions was awarded two framework agreements to provide concept and front-end engineering (FEED) services for BP globally. ...
Austria >>  2/6/2017 - Month-on-month (m-o-m), the ORB ended 2016 nearly 20% higher, or up by $8.45, in December to average above $50/b for the first time in a year-and-a-ha...

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 |

More News

 

Oil & Gas Companies in United Kingdom >>


Related Links

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