Build Scotland Logo For Mobile
Time and date
Share this page
Construction News

BP In Talks To Sell Forties Pipeline Sale To Ineos

Construction News Image
Oil firm BP is holding talks with chemicals manufacturer Ineos over the potential sale of its Forties oil pipeline in the North Sea.

As one of the oldest pipelines in the sector, the system transports around 450,000 barrels per day (40% of UK production), carrying oil from the Forties Unity platform to an onshore terminal at Cruden Bay in Aberdeenshire.

In a statement, BP said: "BP can confirm it is in discussions with Ineos regarding a potential sale of the Forties Pipeline System.

"We remain committed to communicating openly with staff and our stakeholders as soon as we are able, and as commercial confidentialities allow, if any deal is confirmed or agreed."

eco insulate

However, union Unite's General Secretary Len McCluskey has called for a government inquiry into the ownership of critical industrial resources following BP's confirmation of discussions.

"With the possible purchase of the Forties field by Jim Ratcliffe's Ineos, the extraction and processing of a precious commodity could soon be controlled by one individual," he said.

"The most important route for oil out of the North Sea and onto UK shores is now about to pass into the hands of one man.

"No matter who that individual is, the potential for power to be exercised without social responsibility is clearly there. That is not something any responsible government should find acceptable.

"Unite is calling upon the governments at both Westminster and Holyrood to state that they will look into the ramifications of this sale."

Mr McCluskey also urged the Government to examine the case of purchasing a stake in vital national resources, such as the supply of oil and gas.


Latest Construction News


The opening of the £745 million Aberdeen Western Peripheral Route (AWPR) project has been delayed by six month, Economy Secretary Keith Brown has revealed. The 28-mile project, which had previously been expected to open this spring, is now scheduled to be unveiled in the summer. Contractor Connect

First Minister Nicola Sturgeon has paid a visit to the newly opened Out-Patients Department at East Lothian Community Hospital. The facility was built by Morrison Construction as part of a £70 million works programme to develop a modern and purpose-built hospital on the existing Roodlands site in H

Plans have been approved to build two new housing developments in Cairngorms National Park. A total of eight homes will be developed in the village of Blair Atholl in Highland Perthshire. Elsewhere, the Cairngorms National Park Authority (CNPA) Planning Committee has granted permission for the for

Henry Boot Construction has reported a 40% rise in profits in its results for the year ended 31 December 2017. With profit before tax increasing to £55.4 million (2016: £39.5m), revenue also increased 33% to £408.5m (2016: £306.8m) while the firm stated 2018 "with the healthiest order book seen in

Angus Council has issued a warning for home buyers and savers to stay vigilant against scammers. One latest ruse involves criminals contacting residents out of the blue and using Brexit to try and frighten people into moving their supposedly under threat savings into a so-called safer investment.

A new £5.3 million community hub has officially opened in Barrhead, East Renfrewshire. The Sir Harry Burns Centre contains a number of services under one roof, including early learning and childcare. Located on the site of the former Auchenback Primary, the facility has been named in honour of Sco

Glasgow City Council is planning to hold a public consultation over the future of High Street. A working group has been established to develop a five-year Action Plan for the area, which is home to Glasgow Cathedral, Provand's Lordship, the St Mungo Museum of Religious Life and Art, the Necropolis,

Work is to begin on a sewer network upgrade project in Fife. The eight-week scheme in Lower Largo is scheduled to start on Monday, 26 March. Features include replacing a section of sewer outfall pipe at Temple car park to improve the sewage network and help protect the local burn, as well as the h

Work is underway on a £137,000 road repairs project in Dumbarton. Scotland TranServ has started resurfacing 0.6kms of the A82 Southbound Renton on and offslip roads. The scheme is being carried out while the slips are closed for the A82 Leven Bridge waterproofing and resurfacing contraflow to min

Highlands consultancy Nevis Environmental has revealed it is offering guidance on new CAR regulations coming into force on large scale construction sites. Under the Scottish Environment Protection Agency's (SEPA) 'One Planet Prosperity - Our Regulatory Strategy', companies are being encouraged to g
Richardson and StarlingMorris & Spottiswood LtdTHT Scaffolding Company Ltd.QTS Training LtdMcMillan Contracting LtdCyclone Steel BuildingsPinefield Glass LtdCyclone Steel BuildingsThe Human Touch Scaffolding Co LtdCentral Plastics and Roofing Ltd
Terms and Conditions