Thursday, December 12, 2024
BP looks to sell a minority stake in its U.S. natural gas pipelines- oil and gas 360

BP looks to sell a minority stake in its U.S. natural gas pipelines

(Oil Price) – BP is looking to sell up to 49% of its U.S. natural gas pipeline network in a deal that could fetch up to $3 billion, Reuters reported on Friday, citing anonymous sources with knowledge of the plans. The potential sale would be part of BP’s efforts to reduce its net debt, which has recently increased, according to some of Reuters’s