BP to Sell Off Stakes in Net Zero Teesside and Northern Endurance Partnership Carbon Capture Schemes

BP to sell off stakes in Net Zero Teesside and Northern Endurance Partnership carbon capture schemes

Oil and gas giant BP has confirmed that it plans to sell off stakes in two major carbon capture and storage projects close to the Yorkshire border.

BP to Sell Stakes in UK Carbon Capture Projects, Getting Back to Basics - Energy News Beat

In a move signaling a renewed focus on its core oil and gas operations, BP announced on May 7, 2026, that it plans to sell portions of its equity stakes in two flagship UK carbon capture and storage (CCS) projects in Northern England. The decision comes as both projects—Net Zero Teesside (NZT) Power and the Northern Endurance Partnership (NEP)—have achieved major milestones, including financial close and the start of construction. BP described t…

BP Cuts Back UK Carbon Capture Plans in Strategy Shift

BP plans to reduce its stakes in the Net Zero Teesside and Northern Endurance Partnership projects.The move comes as the company reshapes its low-carbon strategy under new chief executive Meg O’Neill.Investors are closely watching whether large-scale carbon capture projects can attract long-term funding.BP is looking to bring in new investors for two of the UK’s biggest carbon capture and storage projects, marking another step away from the aggr…

BP Cuts Carbon Capture Stakes as Windfall Tax Debate Intensifies

British energy company BP has announced plans to sell portions of its equity in two major carbon capture and storage initiatives in northern England, marking the latest step in a broader strategic realignment toward its traditional oil and gas operations. The decision, disclosed on May 7, involves the Net Zero Teesside Power project and the Northern Endurance Partnership, both of which have recently achieved financial close and begun constructio…