https://www.live-feeds.com/feed/bp-puts-its-north-sea-drilling-business-up-for-saleContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bp-puts-its-north-sea-drilling-business-up-for-salehttps://www.live-feeds.com/feed/bp-puts-its-north-sea-drilling-business-up-for-sale#u36016Fri, 07 Aug 2026 14:20:54 +0000BP reported a second quarter profit of US$5.7bn, marking its highest quarterly profit since 2022. This financial surge occurs as the company proceeds with selling its UK North Sea drilling business. The divestment is part of a corporate overhaul and follows a tax increase by the Labour government. While BP exits these oil interests, critics suggest Prime Minister Andy Burnham must now find ways to capture the value of the Rosebank and Jackdaw projects.Why it mattersThe divestment follows a tax raid by the Labour government that prompted a review of the energy levy. BP is shifting its operation https://www.live-feeds.com/feed/bp-puts-its-north-sea-drilling-business-up-for-salehttps://www.live-feeds.com/feed/bp-puts-its-north-sea-drilling-business-up-for-sale#u29465Sun, 02 Aug 2026 11:16:12 +0000BP has started the process to sell its North Sea drilling business. The company is offloading its UK oil and gas assets as the CEO implements a corporate overhaul. This move follows a tax raid by the Labour government, prompting Prime Minister Burnham to review the energy levy. The divestment signals a shift in BP's operational strategy within the region as it seeks to exit its North Sea oil interests.Why it mattersThe North Sea has long been a primary hub for UK energy production. This sale reflects broader tensions between energy majors and government fiscal policies regarding fossil fu https://www.live-feeds.com/feed/bp-puts-its-north-sea-drilling-business-up-for-salehttps://www.live-feeds.com/feed/bp-puts-its-north-sea-drilling-business-up-for-sale#u29464Sun, 02 Aug 2026 11:16:12 +0000BP has started the process to sell its North Sea drilling business, including oil and gas assets. The move coincides with a broader company overhaul led by the CEO. The divestment follows a tax raid by the Labour government, prompting Prime Minister Burnham to review the current energy levy. This exit signals a shift in BP's regional strategy as the company moves away from its UK North Sea operations.Why it mattersThe UK North Sea has long been a core region for oil and gas extraction. Recent tax policy changes under the current administration have impacted the profitability of these oper