Collapsing oil price worldwide leads French firm operating in North Sea to relinquish two pipelines and St Fergus terminal in Scotland
Total, one of the biggest energy firms operating in the North Sea, has sold off $900m (£585m) of UK gas interests to cut costs, 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.
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Source: The Guardian Circular Economy RSS