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2026-09-09T21:13:22.067Z

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Investment firms eye Shell North Sea assets

Investment firms eye Shell North Sea assets

The article concerns the British oil company's "BP" plans to divest its investments in the North Sea, with the potential sale assets valued at approximately 2 billion pounds sterling ($2.7 billion). Currently, proposals from investment firms such as "Adora" and "New Next+" are under consideration, although there are no guarantees of official bids at this stage. BP's decision to exit is driven by the declining attractiveness of investments in the North Sea due to changes in tax policies and UK restrictions on exploration. The company emphasizes that any future government changes will not impact the decision to sell. This move is part of a broader strategy to sell off assets, which recently included the sale of a majority stake in "Castrol" and the "Gelsenkirchen" refinery, as well as initiating the process to sell "Arkea Energy."

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