Ineos goes all in on the North Sea with oil and gas split

Ineos has made so many acquisitions that the firm is now splitting its oil and gas business into six units. The move is intended to secure greater growth.

Photo: Rambøll

British-Swiss Ineos has opted to split its oil and gas assets into six entities including separate firms for Denmark, Norway and the UK.

Ineos Oil & Gas explains the decision to split by stating that the change will enable each company to focus on its own core business, which will ease decision making and allow for more transparent accounting.

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