Category: bpx energy

bp Sells Minority Stakes in US Midstream Assets to Sixth Street for $1.5 Billion

bp has reached an agreement with Sixth Street-managed funds for the sale of non-controlling interests in its Permian and Eagle Ford midstream assets. The transaction is valued at $1.5 billion and will be executed in two phases. Approximately $1 billion will be paid at signing, with the remaining amount expected by the end of the […]

The post bp Sells Minority Stakes in US Midstream Assets to Sixth Street for $1.5 Billion first appeared on Egypt Oil & Gas.

Read more