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BP Sells North Sea Assets Amid Political Shift | Aberdeen News
BP is poised to sell its entire North Sea operation after six decades, citing a strategic pivot to focus on higher-value assets. Amid political tension over energy policy — with the Prime Minister urging realism about North Sea resources and Labour pledging no new drilling licenses — BP’s move signals a major shift. The business, which produces 117,000 barrels of oil equivalent daily and employs 1,100 people, is seen by BP’s CEO as ripe for a new owner who can unlock its potential. This sale could reshape the UK’s energy landscape, blending corporate strategy with political and environmental…
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