BP Puts Its North Sea Oil and Gas Business Up for Sale The announcement that British Petroleum (BP) plans to sell its North Sea oil and gas business has sent shockwaves through the industry and government circles.
The move marks the end of over 60 years of production in the region, raising serious questions about the UK's energy policy and commitment to domestic fossil fuel production.
According to BP Chief Executive Meg O'Neill, the company believes its North Sea business would be "better positioned as part of another company.