Group 1 - One Rock Capital Partners has emerged as a minority bidder for BP's Castrol lubricants business, highlighting the challenges faced by the energy giant in divesting core assets [1] - Several well-known energy companies and financial institutions have withdrawn from the bidding process, leading to a decline in the expected valuation of the business, which is now estimated between $6 billion and $8 billion, significantly lower than the initial $10 billion target [1] - BP has opened financial due diligence to another potential buyer that did not participate in the first round of bidding due to lukewarm market response [1] Group 2 - The sale of the lubricants business is a key initiative by BP's CEO Murray Auchincloss to refocus the company on its oil and gas core strategy, with pressure mounting on the incoming chairman Albert Manifold amid strategic transformation calls from Elliott Investment Management [2] - BP has committed to divesting $20 billion in assets by the end of 2027, having already completed the sale of its U.S. onshore wind business and agreed to sell its retail gas stations and EV charging assets in the Netherlands [2] Group 3 - Castrol's business includes automotive and industrial lubricants, and it is developing liquid cooling technology for AI data centers, with its Indian subsidiary Castrol India Ltd. valued at approximately $2.6 billion [3] - One Rock Capital Partners manages around $10 billion and focuses on acquiring controlling stakes in companies across various sectors, including chemicals, food manufacturing, and environmental services, with Mitsubishi Corporation as a strategic partner [3] - In 2021, One Rock participated in a consortium that acquired Nestlé's North American bottled water business for $4.3 billion and has made investments in various food and waste management companies [3]

Group 1 - ADNOC is considering acquiring parts of BP's assets, particularly in the LNG sector, amid ongoing rumors of BP's potential divestitures [1][5] - ADNOC's interest in BP's assets is seen as a significant development, as the company seeks to expand its presence in the gas sector [1][5] - BP has been underperforming compared to its peers, making it a target for potential acquisitions from companies like Shell, ExxonMobil, and Chevron [1] Group 2 - BP's Castrol lubricants business has attracted interest from multiple potential buyers, including Reliance Industries and Saudi Aramco [2] - BP is attempting to restore investor confidence through a strategic reset, aiming to increase annual oil and gas investments to $10 billion by 2027 while reducing renewable energy spending [2] - BP plans to divest $20 billion in assets over the coming years as part of its strategy to improve cash flow and meet debt reduction targets [2][6] Group 3 - ADNOC aims to achieve an enterprise value target of $80 billion through strategic acquisitions in gas and chemicals [5] - Any potential negotiations between ADNOC and BP are expected to be tough, with both parties striving to protect their interests [6]