BP to sell North Sea pipelines to INEOS for $250m

INEOS is to buy the Forties Pipeline System (FPS) and associated facilities from BP. The chemical firm has agreed to pay BP up to $250 million (£199.5m) for the business, with half up-front and half coming over the next seven years. The 235-mile FPS links 85 North Sea oil and gas assets to the UK […]