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BP seeking bids for $2 bln in U.S. pipeline operations - Bloomberg

Tue, 21st Apr 2015 21:41

April 21 (Reuters) - BP Plc is seeking buyers for asmuch as $2 billion of U.S. pipelines and storage terminals,Bloomberg reported, citing people familiar with the matter.

In the last two weeks, BP sent offering materials topotential buyers of two batches of assets - its interest in fourpipelines and a gas plant along the Gulf of Mexico, and 15storage terminals in the Midwest and on the East Coast,Bloomberg said. (http://on.ft.com/1GgB9PN)

BP is looking to sell stakes in three Gulf of Mexico assetsit co-owns with Enterprise Products Partners LP : theWilprise and Tri-States Pipelines and the Pascagoula GasProcessing Plant, Bloomberg said.

BP is also seeking to sell its stakes in the Destin andOkeanos Gas pipelines, which it co-owns with Enbridge Inc, according to the report.

BP did not immediately respond to an email seeking comment.

This week marks the five year anniversary of the largest oilspill in U.S. history that spewed millions of gallons of crudeinto the Gulf of Mexico and cost BP, which owned the well, $42billion in fines. (Reporting by Supriya Kurane in Bengaluru)

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Shell urges investors to reject shareholder group's climate demands

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Sustainable Finance Newsletter - Republican AGs look to limit climate groups

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Shell urges investors to reject shareholder group's climate demands

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Carbon Done Right advances Sierra Leone rewilding project

(Alliance News) - Carbon Done Right Developments Inc on Wednesday said it has received the fourth disbursement of financing for its reforestation project in West Africa.

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LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

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15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

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Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

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12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

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12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

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12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

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12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

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