BP is selling its entire UK North Sea business, ending a 60-year era, as Exxon and Chevron already exited. Independents Harbour, EnQuest and Ithaca are buying in to a basin that now pumps only about 1M boepd. #NorthSea#BP#OilAndGas
BP is looking seriously at U.S. shale assets again as CEO Meg O'Neill pushes for oil and gas growth. BP reviewed Devon's Eagle Ford assets, valued at roughly $3.5B-$4.5B, before ultimately walking away. #BP#Shale#Oil#EagleFord
BP has started gas production from Egypt’s Fayoum-4 well two years ahead of schedule, adding around 80 MMcf/d. The new supply comes as Egypt battles declining domestic output and growing dependence on LNG imports. #NaturalGas#Egypt#BP
Energean is in exclusive talks to buy BP’s Egyptian oil and gas assets in a deal potentially worth $1B. The package includes West Nile Delta assets and BP’s 50% interest in the Temsah concession. #BP#NaturalGas#Egypt
BP’s Bumerangue discovery could reshape Brazil’s oil future. The field holds an estimated 2.5 billion recoverable barrels and could produce up to 600,000 bpd, helping sustain both BP’s upstream output and Brazil’s pre-salt production into the 2030s. #Oil#Brazil#BP#OOTT
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