BP Sheds Midstream Weight With Sale Of Canadian NGL Business

The sale of BP's Canadian assets to Plains Midstream will help raise cash for the company's divestment programme. However, it remains well short of its target of US$45bn in asset divestments, raising the likelihood that it will be forced to sell a piece of its core upstream portfolio in order to meet liabilities associated with the Deepwater horizon disaster.

To read the full article, please choose one of the following options: