The Real Reason BP Is Retreating From the North Sea | HappeningNow.news

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The Real Reason BP Is Retreating From the North Sea

BP is still considering a sale of all or part of its UK upstream portfolio, which could fetch around £2 billion ($2.7 billion), though talks of a sale to Ithaca Energy fell through earlier this month, according to reports by Bloomberg an…

Source Summary Published June 19, 2026 Brief Under 1 min brief
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BP is still considering a sale of all or part of its UK upstream portfolio, which could fetch around £2 billion ($2.7 billion), though talks of a sale to Ithaca Energy fell through earlier this month, according to reports by Bloomberg and the Financial Times. We think the information is credible.

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