Oil and gas news: BP sells North Sea fields Scottish fossil fuel firm & Glacier creates first acquis

It's part of an agenda to focus its portfolio in the region on larger scale projects.
BP said Mitsui would obtain a 13.3 per cent stake in the Alba field and an 8.97 per cent stake in the Britannia field in an all-cash deal.
Net BP production from the two fields averages some 7,000 barrels of oil equivalent per day.
"The divestments are part of our strategy to develop a more focused business in the united kingdom and Norway," Trevor Garlick, BP regional president for the North Sea, said in a statement.
"BP has a multi-billion pound investment programme currently underway in the region, with four major field development projects in the united kingdom and a further two in Norway."
The firm is getting rid of smaller sized assets as it concentrated on six important projects in the Norwegian and British sections of the North Sea.
Glacier Energy Services
Scottish oil and gas firm Glacier Energy Services has bought a Newcastle-based machining company as it looks to meet rising demand for specialist engineering solutions.
The buy of Site Machining Services is the firm's first since it was formed last year, the BBC reported.
Glacier, which is headquartered in Aberdeen, said the deal involved a seven figure sum.
Site Machining Services specialises in pipe-cutting in the oil and gas sector.
Glacier itself was founded through the acquisition of two divisions of ME Aerospace:Roberts pipeline machining technologies, and WellClad specialist welding services.
The firm focuses on subsea systems, wellhead equipment and pipeline components.
The firm's first acquisition will push its turnover to nearly £10 million, with 60 employees across its UK and international markets from operational bases in Aberdeen, Glasgow and Newcastle.
Alongside subsea, wellhead and pipeline components, globe valves are often used in oil, fuel, gas and air pipe systems.
Commenting on the acquisition, Glacier chief executive Dave Sturrock told the BBC: "This is a key business area which we believe will help us achieve further growth, and we intend on investing in additional technicians and equipment to facilitate an increased workload."