BP exits UK North Sea; independents acquire aging assets
Published 3 h ago1 sourceEvidence: Reported
BP has contracted TechnipFMC to supply 20,000 psi subsea tree systems for its Gulf of Mexico projects, indicating continued investment in high-pressure deepwater production. The deal underscores sustained upstream capital expenditure in the region, though financial terms and project timelines remain undisclosed. This supports long-term US oil supply growth, with implications for global energy markets.
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