BP Puts North Sea Oil and Gas Business Up for Sale

BP has put its North Sea oil and gas business up for sale, a move that would end roughly 60 years of production in the region. The sale is part of the oil major's efforts to simplify operations and cut debt under its new CEO.

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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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Source reports

BBC Published 31 July 2026

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.

NYT Published 31 July 2026

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.

Guardian Published 31 July 2026

BP puts North Sea oil and gas business up for sale

Move, which will end six 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 six 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…