The Guardian· Europe
BP puts North Sea oil and gas business up for sale
Move will end six decades of production in area, as new CEO tries to simplify firm and cut debtBusiness live – latest updatesBP has put its North Sea oil and gas business up for sale as it looks to end six decades of production from the region.The firm 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
Published Friday, 31 July 2026 at 07:18
Move will end six decades of production in area, as new CEO tries to simplify firm and cut debtBusiness live – latest updatesBP has put its North Sea oil and gas business up for sale as it looks to end six decades of production from the region.The firm 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 levels. Continue reading...
This is a syndicated summary. Read the full story at the original publisher:
Read on The Guardian →