Nexen temporarily shuts North Sea production

Sun Apr 27, 2008 9:25pm EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

MONTREAL, April 27 (Reuters) - Nexen Inc (NXY.TO: Quote, Profile, Research, Stock Buzz) (NXY.TO: Quote, Profile, Research, Stock Buzz) said on Sunday it had temporarily stopped production from its Buzzard, Scott/Telford and Farragon fields in the North Sea because of key pipeline shutdown stemming from a strike at the Ineos Grangemouth refinery in Scotland.

The Canadian oil explorer said timing of a restart of its North Sea operations will depend on the condition of various onshore and offshore systems after the shutdown.

BP (BP.L: Quote, Profile, Research, Stock Buzz) had said earlier that a pipeline carrying nearly half of Britain's oil was closed on Sunday as the two-day strike over pensions began at the Grangemouth refinery.

The refinery, owned by international chemical company Ineos, produces a tenth of Britain's petrol and diesel but also supplies vital steam to BP's Kinneil plant that starts to process the crude oil coming ashore from 70 North Sea fields.

The strike is the first to close a British refinery in more than 70 years.

(Reporting by Robert Melnbardis; Editing by Tomasz Janowski)

 

Featured Broker sponsored link

Editor's Choice

  • Pictures
  • Video
  • Articles
Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

  • Articles
  • Video
  • Recommended

Reuters Oddly Enough

Funny, quirky, strange-but-true stories from around the world.