BP sells Wyoming gas fields to Linn
BP has agreed to sell its interest in the Jonah and Pinedale gas fields in Wyoming for $1bn (£643m) to the US hydrocarbon producer Linn Energy.
Bob Dudley, BP's chief executive, said the sale would allow it to offload some of its "mature" assets and reinvest the cash "in higher growth opportunities in BP's North America gas business and elsewhere".
"We are actively managing our portfolio of assets and businesses worldwide, focusing our investment on future growth in BP's areas of strength," Mr Dudley said.
Under the agreement, BP is selling its operations centre in Sublette County, Wyoming, and its interest in about 260 wells with natural gas production of 80m cubic feet of gas a day. The disposal brings the value of BP's divestments since the start of 2010 to about $24bn.
Mountain goats miraculously survive avalanche in the Alps
Skyfall's Ben Whishaw confirmed for Freddie Mercury film
A cautionary tale for ambitious would-be authors
Trenton Oldfield deportation: Boat Race protester allowed to stay in UK over fears his Indian wife would face racism in Australia
Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
Gurdwaras-turned-food banks: Sikh temples are catering for rise in Britain’s hungry
Teenage girl convicted of robbery after taking pre-crime selfie wielding knife
'I'm experiencing austerity as well', says Princess Michael of Kent
- 1 Dear Sir Jimmy Savile: A comedian's words of valediction to the nation's trusted uncle
- 2 Gurdwaras-turned-food banks: Sikh temples are catering for rise in Britain’s hungry
- 3 Teenage girl convicted of robbery after taking pre-crime selfie wielding knife
- 4 Newly vegan Beyoncé wears fox fur to dine in meat free restaurant
- 5 'I'm experiencing austerity as well', says Princess Michael of Kent
- < Previous
- Next >
iJobs Money & Business
£75000 - £85000 per annum + attractive benefits: Pro-Recruitment Group: Senior...
£70000 - £80000 per annum + Commission Package: Harrington Starr: Due to winni...
£60000 per annum: Harrington Starr: Support Analyst (Back Office, CRM, Sharepo...
£65000 - £80000 per annum + Excellent Bonus, Package : Harrington Starr: Busin...