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Easily download and save what you find. On Monday, Ineos closed its Forties Pipeline System, which transports 40 per cent of oil and gas from the North Sea to the UK mainland, after finding a fracture in a pipe south of Aberdeen. What will happen to Carillion pension savers? 500 to new mortgage customers, but is cashback worth taking or just a gimmick? Another Lifetime Isa launches bringing the grand total to just five: But is Moneybox or anyone else’s worth investing or saving into? Why did Amazon shut our account without appeal?
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The owner of a cracked North Sea oil and gas pipeline has invoked a get-out clause in its contracts typically used after natural disasters. It expects repairs to take weeks. Ineos workers repair the cracked Forties pipeline near Aberdeen. The firm has now declared ‘force majeure’ on contracts, formally telling oil producers it cannot transport their oil due to circumstances beyond its control. Yesterday, Ineos said the crack had not widened over the past 48 hours. The ‘force majeure’ clause helps companies avoid being sued if they cannot fulfil contracts. It has been used during hurricanes and earthquakes.