Bp Sells Some Gulf Of Mexico Assets For $5.55 Bn

Oil company BP said Monday it is selling some deep-water assets in the Gulf Mexico to Plains Exploration & Production Co. for $5.55 billion, a big step in the BP's drive to cover the cost of its oil well blowout in the Gulf two years ago and concentrate investment elsewhere.

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BING NEWS:
  • China's CNOOC sells its US Gulf assets to INEOS
    Chinese oil and gas major CNOOC Ltd. announced on Saturday that it has sold its U.S. subsidiary and its upstream oil and gas assets in the Gulf of Mexico to British chemicals company INEOS. The s ...
    12/17/2024 - 5:25 am | View Link
  • INEOS Energy adds Gulf of Mexico assets to growing US portfolio with CNOOC deal
    INEOS Energy has struck its third major investment in US oil and gas assets in recent years, agreeing to acquire the Gulf of Mexico business held by CNOOC Energy Holdings USA Inc., a US subsidiary of ...
    12/16/2024 - 5:13 am | View Link
  • Chinese Oil Major Sells U.S. Assets to Ineos
    Ineos, a UK-based chemical company, has acquired CNOOC's US oil and gas business for $2 billion, expanding its presence in the American energy market.
    12/15/2024 - 8:30 pm | View Link
  • China's CNOOC sells US assets to Britain's INEOS
    China's CNOOC Ltd has sold its U.S. subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday ...
    12/14/2024 - 4:30 pm | View Link
  • Dow to sell 40% stake in some US Gulf Coast infrastructure assets for $2.4 billion
    Dow said on Monday it would sell a 40% stake in some U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management for $2.4 billion as it looks to focus more on its core ...
    12/9/2024 - 5:44 pm | View Link
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