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BP to sell US onshore midstream assets for $1.5bn
By bne IntelliNews BP announced this week that it had agreed to sell non-controlling interests in Permian and Eagle Ford midstream assets owned by its BPX Energy unit to funds managed by Sixth Street for around $1.
3don MSNOpinion
BP Q3 earnings expected at $0.77 EPS on $43.6B revenue; upstream production set to rise
BP reports Q3 earnings soon amid strategic shifts to oil & gas. Learn why analysts see turnaround potential and value for investors.
British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices.
Britain's business secretary, Kwasi Kwarteng, held talks on Friday with BP Chief Executive Bernard Looney to express "concern" over the energy company's large interests in Russia, according to a government source.
BP Plc’s profit exceeded expectations with operational improvements and higher oil and gas production outweighing lower prices, as the company’s turnaround plan builds momentum.
The deal with BP to develop four oil fields in the northern Iraqi province of Kirkuk supports the state's financial resources.
BP plc (BP.L) has stopped importing oil for its refinery in Western Australia, the country's largest, and is on track to decommission the plant by the end of March, a spokesman said on Tuesday.
The energy company said it would sell stakes in assets which are operated by its U.S. onshore oil and gas business BPX in the Permian and Eagle Ford basins.
bp pulse, bp's electric vehicle (EV) charging business, opened a charging hub in Houston, 1.5 miles from the William P. Hobby Airport in partnership with Hertz.