BP planning to up asset sales

BP is reportedly looking at increasing to $US40 billion ($A43.7 billion) the amount it plans to raise from asset sales to cover its obligations following the Deepwater Horizon spill in the Gulf of Mexico.

The Sunday Times in the UK said this could include the sale of BP's 26% stake in the giant Prudhoe Bay field in Alaska, which is worth about $US20 billion, as well as the sale of international assets