United Kingdom Oil Refinery Strike Vote Raises Prospect Of North Sea Disruption

A key piece of infrastructure, the facility also powers and is the terminal for the Forties pipeline, a key conduit for around one third of North Sea crude. Grangemouth is also connected to an import terminal. Keywords: By BEN WINKLEY LONDON — Workers at Scotland’s Grangemouth refinery have voted to strike, raising the prospect of disruption to North Sea crude oil supply. Should the strike go ahead, the 210,000 bpd facility — which is Scotland’s only refinery — would be forced to shut. A key piece of infrastructure, the facility also powers and is the terminal for the Forties Pipeline System, a key conduit for around one third of North Sea crude. Grangemouth is also connected to an import terminal on Scotland’s west coast. Unite, the United Kingdom’s biggest labor union, said that on an 86% turnout some 90.6% of workers voted for industrial action short of a strike, with 9.4% voting against, while 81.4% voted for strike action and 18.6% voted against. The dispute is over the treatment of a labor union representative. Grangemouth is jointly owned by Ineos Group Holdings and PetroChina. Neither were immediately available for comment. Dow Jones Newswires

New Market Research Report: United Kingdom Tourism Report Q4 2013

However the other regions are forecast to see a growth in arrivals over 2013 and we have increased our forecasts for inbound tourists from these regions. After a period of significant infrastructure development and hotel-building activity in the run-up to the 2012 Olympic Games, the scene may now be set for more modest overall growth in the UK’s hotel industry. Recent developments include: * Accor is launching a new brand in the UK, the Adiago aparthotels, the first of which opened in Liverpool in March 2013. * The group also re-launched their Mercure hotel in London in June 2013, following an extensive redesign of the hotel. It is the flagship UK hotel in a brand Accor is hoping to double the size of by 2016. * Over the past quarter ICHG has signed three new hotels to its Holiday Inn brand. UK construction company Balfour Beatty secured a contract worth GBP121mn (US$181.5mn) to build a hotel, leisure and apartment complex for Grove Developments in North Greenwich Peninsula in London. * China-based commercial property and entertainment conglomerate Dalian Wanda Group is to develop a hotel and residential project in London. * UK conglomerate Rigby Group has acquired a majority stake in Exeter International Airport. * The GBP80mn (US$123.5mn) redevelopment of the terminal at Stansted Airport has begun. * UK airports operator Manchester Airports Group (MAG) has awarded BAM Construct, Carillion and Galliford Try a contract for its capital delivery programme framework worth up to GBP100mn (US $156.65mn) annually.