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BP puts its North Sea oil and gas business up for sale
Sources
7
Coverage
Left + Centre + Right
Sentiment
+0.16
◀ Left 71%Centre 14%Right 14% ▶
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NEWSDECK ANALYSIS
The UK North Sea has been a significant region for oil and gas production, with many major energy companies operating there, although production has been in decline in recent years. BP's decision to sell its UK North Sea business is part of a broader trend of energy companies reassessing their portfolios and divesting assets to focus on more profitable operations. The sale process may attract interest from other energy companies looking to expand their presence in the region.
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(5)
The Independent
BP puts its North Sea oil and gas business up for sale
Chief executive Meg O’Neill said she believed the North Sea business would be ‘better positioned as part of another company’
31 Jul, 10:42
Evening Standard
BP puts its North Sea business up for sale after 60 years of production
Chief executive Meg O’Neill said she believed the North Sea business would be ‘better positioned as part of another company’.
31 Jul, 09:25
Independent Business
BP puts its North Sea business up for sale after 60 years of production
Chief executive Meg O’Neill said she believed the North Sea business would be ‘better positioned as part of another company’.
31 Jul, 09:25
BBC Business
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.
31 Jul, 07:48
The Guardian
BP puts North Sea oil and gas business up for sale
Move, which will 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 chi…
31 Jul, 07:18
Centre
(1)
FT UK
BP puts its UK North Sea business up for sale
Decision to formally market assets comes after talks with Ithaca Energy
31 Jul, 06:11
Right
(1)
Guido Fawkes
BP Puts North Sea Operation Up for Sale
British Petroleum has announced it will sell its operation in the North Sea after six decades. CEP Meg O’Neill said: “The North Sea remains integral to the UK’s energy system. However, as we focus our portfolio and direct capital to our highest-value opportunities, we believe our North Sea business will be better positioned as part…
31 Jul, 06:47