....Anglo-Swiss chemicals firm Ineos has bought the oil and gas business of Dong Energy for £1bn, a major milestone in the Danish company’s switch from hydrocarbons to renewable energy. The acquisition is the latest in a buying spree by Ineos, which recently bought a significant North Sea oil pipeline for £200m from BP
, and takes it from 28th biggest oil and gas producer in the region to the top 10. ...
[Read full article on Guardian
Wednesday 24th of May 2017 04:16:05 PM
....The company has been looking recently to expand its upstream arm. Last month it struck a $250m (£192m) deal with BP
to buy the Forties pipeline system, which transports nearly 40% of the UK North Sea's oil and gas production. ...
[Read full article on BBC
Wednesday 24th of May 2017 10:30:50 AM