bp launches process to sell its North Sea business
The decision is part of bp's ongoing portfolio review to focus on highest-value opportunities.
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Global integrated energy company
bp.comLast updated
In short: bp initiated the sale of its North Sea operations and underwent a leadership reshuffle to focus on high-value assets and simplify operations.
The decision is part of bp's ongoing portfolio review to focus on highest-value opportunities.
TPAO acquires a 15% interest in BP ECKL, expanding partnership for oil and gas field redevelopment in northern Iraq.
The transaction includes 250 retail sites and EV charging infrastructure, supporting bp's simplification plan.
The partnership will redevelop giant oil fields in Kirkuk, with an initial phase of over 3 billion barrels.
Prime Minister Andy Burnham is being told to urgently change course on oil and gas after BP put its North Sea business up for sale...
Tories warn BP faces 'extinction' due to Labour's 'disastrous net zero dogma...
The energy giant has said its North Sea operations would be ’better positioned as part of another company’.
BP's North Sea business employs more than 1,000 staff.
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