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International

Pipeline fracture halts shipments of quarter of total North Sea oil production

December 14, 2017 Reprints

Swiss petrochemicals firm Ineos Group Holdings S.A. has declared force majeure on all shipments of crude oil, natural gas and condensates following a hairline fracture in an onshore section of its Forties pipeline system in the North Sea, Reuters reported citing sources. Ineos closed the system, which carries a quarter of the North Sea's two million barrels in daily oil production and a third of the U.K.'s offshore gas output, on Dec. 11. The firm said that the system would be closed for at least two weeks.

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Pipeline fracture halts shipments of quarter of total North Sea oil production

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