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BP Puts North Sea Business Up for Sale After 60 Years

BP has initiated the formal process to sell its North Sea oil and gas business, marking its withdrawal from the region after 60 years of production. This move is part of a broader portfolio overhaul by the energy giant.

31 Jul, 06:11 — 31 Jul, 13:27
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Source Diversity

Excellent (84/100)
13 sources33/33
Spectrum spread4/5 buckets covered25/33
Far L3
Far Left (3)
NYTThe IndependentThe Guardian
Left3
Left (3)
BBCdanasn1-serbia
Center4
Center (4)
forbesvgbloombergFT
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Right (3)
fazchannel-news-asiaseeking-alpha
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Geographic diversity6 regions26/34
UK4US4Serbia2Germany1Singapore1Norway1

Sources

Showing 9 of 13 sources
BBCHigh29d 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 Factual29d 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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bloombergHigh29d 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 High29d 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 Factual29d 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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forbes29d 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 Factual29d 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 Factual29d ago

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

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seeking-alphaMixed29d ago

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

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