Meg O’Neill has been appointed Woodside’s CEO, shifting leadership as BP faces governance upheaval. An experienced energy executive, she now leads in a changing global market.
BP has announced it is marketing its North Sea business for sale as part of a strategy to slim down its portfolio. The sale could fetch around £2 billion and would position the North Sea assets with a new owner, as BP focuses on higher-value opportunities. The development follows Prime Minister Andy Burnham's signals of a pragmatic approach to North Sea drilling and ongoing political debate over energy policy.