finance.yahoo.com

BP Starts Process to Market North Sea Portfolio for Potential Sale

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BP has started a process to market its North Sea business for a potential sale as part of its portfolio review, covering hubs including Andrew, ETAP, Glen Lyon, Clair and Clair Ridge. About 1,100 of its 13,962 UK roles support the North Sea. BP also completed the sale of its Gelsenkirchen refinery to Klesch Group and faces reported plans to cut about 700 non-front-line roles globally.

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