WORLD

BP to sell ageing assets to finance buy back

WEEKS after BHP sold its US shale assets across the Eagle Ford, Permian, and Haynesville basin to BP the British supermajor will dump its matured and older US oil and gas production assets in a bid to finance the buy-back of its stock.

Paul Hunt
BP to sell ageing assets to finance buy back

  Last month BHP sold its interests in prospective acreage across the three US regions to BP for US$10 billion cash over two transactions, after buying in during the earlier shale boom.    Potential...

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