BP puts North Sea oil and gas business up for sale
BP has announced plans to sell its North Sea oil and gas business as part of a strategy to simplify its portfolio and reduce debt. The company stated that the assets would be better managed by another entity, though it remains committed to the UK energy market.
BP believes its North Sea business would ‘be better positioned as part of another company.’ Photograph: Reuters BP believes its North Sea business would ‘be better positioned as part of another company.’ Photograph: Reuters BP BP puts North Sea oil and gas business up for sale Move, which will end decades of production in area, comes as new CEO tries to simplify firm and cut debt
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