Economy

BP puts UK North Sea business up for sale

The oil major begins marketing its assets as part of a wider portfolio review, following discussions with Ithaca Energy.

Talivio News · Global 31 July 2026, 08:16 1 min read

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A large industrial oil platform standing in the middle of the sea under a clear sky.

BP Plc is starting a process to market its North Sea business for a potential sale. The move comes as part of a wider review of the oil major's portfolio.

The company is actively marketing its North Sea business for sale. This formal marketing process marks the next step.

The decision to formally market the assets follows talks with Ithaca Energy regarding the North Sea assets. These discussions preceded the current sales process.

Soren Falk

Economics Correspondent · Talivio News

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Sources

Financial Times — BP puts its UK North Sea business up for sale (opens in a new window) accessed 31 Jul 2026
bloomberg.com — BP Starts Process for Potential Sale of North Sea Business (opens in a new window) accessed 31 Jul 2026

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