Thread: •BP sells some Gulf of Mexico assets for $5.55 BILLION

BP sells some Gulf of Mexico assets for $5.55 bn

BP PLC is selling some deep-water Gulf of Mexico oil and gas properties to Texas-based Plains Exploration & Production Co. for $5.55 billion.
Oil company BP said Monday it is selling some deep-water assets in the Gulf Mexico to Plains Exploration & Production Co. for $5.55 billion, a big step in the BP's drive to cover the cost of its oil well blowout in...


Transocean selling 38 shallow water drilling rigs

Transocean is selling 38 of its shallow water drilling rigs to newly-formed Shelf Drilling International Holdings Ltd. for about $855 million in cash as it looks to become more competitive.



Read more: Houston weather, traffic, news | FOX 26 | MyFoxHouston - Home

There is enough sand oil in Canada to last both Canada and the U.S. for 200 years.

The Chinese are first in line for it.