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BP Puts North Sea Oil Business Up for Sale.

7/31/2026

23 5 Full Breakdown

Summary

Story summary

BP announced it is putting its North Sea oil and gas business up for sale.
CEO Meg O'Neill said the assets would be better positioned with another owner as BP trims debt.
Prime Minister Andy Burnham said he will take an approach to drilling and told President Donald Trump he will open the North Sea, while John Underhill, Aberdeen University energy transition director, called the move “the end of an era.”

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Story summary

BP announced it is putting its North Sea oil and gas business up for sale.
CEO Meg O'Neill said the assets would be better positioned with another owner as BP trims debt.
Prime Minister Andy Burnham said he will take an approach to drilling and told President Donald Trump he will open the North Sea, while John Underhill, Aberdeen University energy transition director, called the move “the end of an era.”