Collapsing oil price worldwide leads French firm operating in North Sea to relinquish two pipelines and St Fergus terminal in ScotlandTotal,one of the biggest energy firms operating in the North Sea, has sold off $900m (585m) of UK gas interests to gash costs, and amid the continuing collapse of oil prices.
The French group is disposing of its interests in two pipelines – one which delivers gas from 20 North Sea fields – and its ownership of the St Fergus gas terminal in Scotland. Related: Petrol marked down and 200 North Sea jobs on line amid oil price drop Related: What will happen to oil and gas workers as the world turns carbon neutral? Continue reading...
Source: theguardian.com