BP Launches Sale Process for Remaining UK North Sea Assets Under New CEO

BP announced on 31 July 2026 that it is marketing its remaining UK North Sea business for potential sale, including the Seagull and Alligin fields. The move is part of an ongoing portfolio review under new CEO Meg O'Neill, who took the role in July 2026. BP previously divested its Culzean gas field to NEO Next in December 2025.