EU clears INEOS’ buyout of BP’s North Sea pipelines

The European Commission has approved the buyout of BP’s North Sea pipelines by INEOS. That includes the Forties Pipeline System (FPS) – which links 85 oil and gas assets to the UK mainland and to the Kinneil terminal in Grangemouth, Scotland – and associated facilities. INEOS has agreed to pay up to $250 million (£191m) […]

US ‘needs more natural gas pipelines’

More natural gas pipelines are needed in the US. That’s according to industry experts and government who spoke at America’s Natural Gas Alliance (ANGA) event last week. They discussed the importance of investing in and modernising America’s energy infrastructure and pipeline development. ANGA represents North America’s independent natural gas exploration and production companies. It was agreed a […]

US pipeline tycoon in $3bn oil, gas assets deal

One of the biggest pipeline operators in the US is to buy a pipeline network in a $3 billion (£2bn) deal. Billionaire Richard Kinder, Chairman and CEO of Kinder Morgan, announced the firm will buy Hiland Partners, which builds and operates oil transportation pipelines and gas processing systems in the Bakken fields in North Dakota […]

Ukraine doubles gas imports from Europe

Ukraine has more than doubled its gas imports from Europe to five million cubic metres a day as it reduces imports from Russia. The figure is two and a half times more than the previous amount of two million cubic meters per day, according to Ukrtransgas, a Ukrainian gas transmission company. The boosted gas supply […]

Pipeline company wins Queen’s Enterprise Award

The Penspen Group has been awarded the Queen’s Enterprise Award for International Trade after increasing its exports by more than 90% to £75m in the last three years and expanding over 400% since 2005. Penspen has 15 offices worldwide and specialises in the maintenance and integrity of oil and gas assets. It designed and engineered […]