Plan set to transform funding so English regions no longer rely on Whitehall handouts for projects 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 firm announced on Friday morning that it had launched a formal process to…
Plan set to transform funding so English regions no longer rely on Whitehall handouts for projects
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 firm 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 new chief executive, Meg O’Neill, tries to simplify the company and cut its debt levels.
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