BP’s decision to withdraw from the North Sea signals a blow to the oil and gas industry and raises concerns for Scotland’s energy transition, with renewable projects facing difficulties
BP is putting its UK North Sea oil and gas assets up for sale, following discussions with potential buyer Ithaca Energy.
BP announced that it will put its UK North Sea business up for sale, following discussions with potential buyer Ithaca Energy, signalling a strategic move to divest its offshore oil and gas assets in the region.
Italian bank Banca Popolare di Milano (BPM) has proposed a €50 billion merger with Monte dei Paschi, positioning it as a combination of equals. This represents the latest attempt at banking consolidation in Italy.