# BP puts entire North Sea oil and gas business up for sale

BP has announced the sale of its entire North Sea oil and gas business, marking a major retreat from one of the world's oldest offshore production basins. The move is part of the company's strategy to refocus on higher-growth areas and could reshape the UK's energy landscape as it transitions away from fossil fuels.

**Importance:** 3/5

## Sources

### World
- [The Guardian World](https://www.theguardian.com/business/live/2026/jul/31/bp-sell-north-sea-ai-record-korea-kospi-stock-market-latest-news-updates) — Fri, 31 Jul 2026 08:38:27 GMT
- [The Guardian World](https://www.theguardian.com/business/2026/jul/31/bp-north-sea-oil-and-gas-business-up-for-sale) — Fri, 31 Jul 2026 07:18:48 GMT