Antrim Energy: potential hydrocarbon leak on Cormorant Alpha platform

Antrim Energy has announced that the export infrastructure system used by the Causeway Field and Cormorant East Field in the UK Northern North Sea is currently unavailable due to a potential hydrocarbon leak on the Cormorant Alpha platform.

Antrim Energy has announced that the export infrastructure system used by the Causeway Field and Cormorant East Field in the UK Northern North Sea is currently unavailable due to a potential hydrocarbon leak on the Cormorant Alpha platform.

All production and associated pipeline infrastructure associated with the Cormorant Alpha platform have subsequently been shut-in, including Causeway and Cormorant East.

The company stated that production from both the Causeway and Cormorant East fields was processed at the North Cormorant platform operated by TAQA Bratani Limited before being exported to the Cormorant Alpha platform.

Multiple platforms impacted

Besides the Causeway and Cormorant East Fields, the company stated that shutdown had affected a number of other platforms and over 20 other fields in the UK Northern North Sea.

The Cormorant Alpha handles over 90,000 barrels per day of crude oil, which is transported through the Brent pipeline to the BP-operated Sullom Voe terminal for sale.

MF

Recommended

How to profit from India’s high-tech recovery
Share tips

How to profit from India’s high-tech recovery

Professional investor David Cornell of the India Capital Growth Fund, selects three of his favourite Indian stocks to buy now.
27 Sep 2021
Share tips of the week – 24 September
Share tips

Share tips of the week – 24 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
24 Sep 2021
Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021

Most Popular

A nightmare 1970s scenario for investors is edging closer
Investment strategy

A nightmare 1970s scenario for investors is edging closer

Inflation need not be a worry unless it is driven by labour market shortages. Unfortunately, writes macroeconomist Philip Pilkington, that’s exactly w…
17 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
What really causes inflation? Here’s what prices since 1970 tell us
Inflation

What really causes inflation? Here’s what prices since 1970 tell us

As UK inflation hits 3.2%, Dominic Frisby compares the cost of living 50 years ago with that of today, and explains how debt drives prices higher.
15 Sep 2021