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BP Puts North Sea Oil and Gas Business Up for Sale

BP has initiated the formal process to sell its oil and gas business in the UK North Sea, marking a significant portfolio overhaul after 60 years of production. The move comes as the UK faces dilemmas regarding its drilling future and has prompted calls for decisive action from political parties.

31 Jul, 06:11 — 31 Jul, 12:46
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Source Diversity

Excellent (79/100)
12 sources33/33
Spectrum spread4/5 buckets covered25/33
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Far Left (3)
NYTThe IndependentThe Guardian
Left3
Left (3)
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Center4
Center (4)
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Right2
Right (2)
channel-news-asiaseeking-alpha
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Geographic diversity5 regions21/34
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Sources

Showing 9 of 12 sources
BBCHigh5h ago

BP puts North Sea business up for sale

The decision follows a review of BP's operations and is set to end 60 years of production in the region by the oil giant.

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NYTMostly Factual1h ago

BP Puts Its North Sea Drilling Business Up for Sale

The plans are part of the energy giant’s efforts to streamline operations, but BP has deep roots in the region.

By Lisa Friedman

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bloombergHigh7h ago

BP Starts Process for Potential Sale of Its North Sea Business

BP Plc said it’s starting a process to market its North Sea business for a potential sale, as part of a wider review of the oil major’s portfolio.

By Mitchell Ferman and Dylan Griffiths

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FTVery High7h ago

BP puts its UK North Sea business up for sale

Decision to formally market assets comes after talks with Ithaca Energy

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The GuardianMostly Factual6h ago

BP puts North Sea oil and gas business up for sale

Move, which would end decades of production in area, comes as new CEO tries to simplify firm and cut debt Business live – latest updates BP has put its North Sea oil and gas business up for sale, as it looks to end decades of production from the region. The oil major announced on Friday morning that it had launched a formal process to market its North Sea business for a potential sale. The move comes as BP’s new chief executive, Meg O’Neill, tries to simplify the company and cut its debt le...

By Guardian staff

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forbes1h ago

BP Puts North Sea Assets Up For Sale After 60 Years Of Production

A company that once called itself “British Petroleum" may soon have no British production hubs, after BP announces its intention to sell its North Sea business.

By Gaurav Sharma, Senior Contributor

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The IndependentMostly Factual4h ago

SNP calls for ‘decisive action’ as BP reveals plan to sell North Sea operations

The energy giant has said its North Sea operations would be ‘better positioned as part of another company’.

By Craig Paton

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channel-news-asiaMostly Factual1h ago

BP seeks to sell North Sea business as UK faces drilling dilemma

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seeking-alphaMixed3h ago

BP puts U.K. North Sea assets up for sale as portfolio overhaul continues

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