BP to sell US biogas business as profits soar

BP has announced the sale of its US biogas business shortly after confirming its exit from the North Sea. The London-listed oil giant is shifting its strategic focus back towards core oil and gas products. The chief executive noted that the company has received several approaches for its North Sea assets. This move follows previous assurances to investors that BP planned to market various assets across its operating regions to optimise its global portfolio and financial performance.