Quantcast

Friday, August 22, 2014         

 Print   Email   Most Popular   Save   Post   Retweet

BP sells Norwegian Sea stake to Norske Shell


POSTED:



LONDON (AP) — BP PLC says it has agreed to sell its stake in a Norwegian oil field to AS Norske Shell for $240 million as part of its efforts to raise funds to pay for the cost of the Gulf of Mexico oil spill.

The deal, which involves BP selling its 18 percent holding in the field, raises Norske Shell's stake in the field to 44.56 percent.

BP said Thursday that it has now sold or agreed to sell more than $33 billion in assets since 2010 towards its goal of raising $38 billion to pay the cost of the Gulf of Mexico oil spill.

On Monday, BP announced it had sold some of its deep water production assets in the Gulf of Mexico to Plains Exploration & Production Co. for $5.55 billion.






 Print   Email   Most Popular   Save   Post   Retweet

IN OTHER NEWS
Breaking News
Blogs
Island Crafters
Ya Meet the Nicest Peeps

Small Talk
Clothing swap?

Political Radar
Proceeding

The Green Leaf
Expanding a monument

Wassup Wit Dat!
Huh? – Follow Up

Political Radar
Spirit of Daniel Inouye

Small Talk
Lady bag

Political Radar
Six days