BP PLC said Monday it had secured an agreement to sell its stake in the Bay du Nord oil project in Canada’s Flemish Pass Basin to operator Equinor ASA. “The transaction is consistent with BP’s continued focus on portfolio simplification and disciplined capital allocation”, the British energy giant said in a statement. The project, located […]
BP PLC has acquired a 40 percent stake in Uzbekistan’s North Ustyurt production sharing contract (PSC).
bp Plc is considering potentially exiting part or all of its operations in the UK North Sea, people familiar with the matter said, as the oil giant works to strip assets and pay down debt.
Seagull has a capacity of 50,000 barrels of oil equivalent gross.