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 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 basin. The firm announced on Friday morning 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…

Coverage from 3 publishers 3 source reports

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Update summary

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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

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