UPDATE 3-Britain's biggest oil pipeline shut for second time in two months [Reuters (UK)]
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Source: Reuters
Britain's biggest oil pipeline shut for second time in two months | Reuters 2 Min Read LONDON (Reuters) - Britain’s biggest and most important oil and gas pipeline Forties was shut for a second time in two months on Wednesday, raising concerns about the reliability of infrastructure behind the world’s top oil benchmark. Pipeline operator Ineos said it aimed to restart the pipeline overnight. The pipeline, which pumps about 450,000 barrels per day of oil, was previously shut in mid-December for about three weeks when a crack was discovered. As a result, Ineos declared force majeure on exports, citing problems beyond the firm’s control, and the outage pushed up global oil prices. Ineos said in a note to customers on Wednesday that the latest shutdown was caused by an unexpected closure of the feed control valves on the pipeline supplying the Kinneil gas processing plant. “When these valves close, then this requires FPS (Forties Pipeline System) to shut down the pipeline system and its c
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