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The GPSS was originally constructed between 1941 and 1944 and then extended after the war, most notably during the 1950s, 1970s and 1980s. [1] The first commercial pipeline to be constructed in the United Kingdom was built in 1959 by Shell-Mex and BP from the GPSS depot at Walton on Thames to Heathrow Airport.
British Pipeline Agency Ltd (BPA) is a joint venture, established in 1969, [1] between BP Oil UK and Shell UK. [2] The company operates the UK oil pipeline network of oil pipelines which transport petroleum products around the UK.
The number of jobs created by the energy industry in and around Aberdeen has been estimated at half a million. [ citation needed ] Owing to the natural decline in North Sea oil reserves, the local and national government have worked to promote the growth of the renewable energy in Aberdeen, including the wind energy sector.
The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
With the shutdown of the plant, BP closed the Forties pipeline system as their Kinneil terminal relies on power from the Grangemouth refinery. [24] With the shutdown of Kinneil, 70 North Sea oil platforms were forced to shut down or reduce production, at the cost of 700,000 barrels per day (110,000 m 3 /d). [ 24 ]
BP p.l.c. (NYSE:BP) inked a deal under which Apollo Global Management, Inc. (NYSE:APO) managed funds will acquire a non-controlling stake in BP Pipelines TAP Limited for around $1 billion. The bp ...
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