Wednesday, 8 December 2010

BP to sell stake in Pan American Energy to pay for oil spill.


 Continuing its plan to rid itself of $30bn by 2011, BP has sold its 60% stake in Pan American Energy (PAE) for $7bn. In selling its shares in the Argentine oil company, BP will have raised more than $20bn since July. The oil spill crisis is estimated to cost the company $40bn in total.

BP chief executive said the sale showed BP was strong enough for the company to continue despite its large liabilities.

He said: “This agreement further demonstrates both the high quality and attractiveness of the assets throughout BP’s global portfolio and also the company’s ability to meet our significant financial commitments arising from the Gulf of Mexico tragedy.

“We now have agreements in place that should secure the majority of our divestment target. We will continue to identify further assets that may be strategically more valuable to others than to BP as we complete the programme.”

34 comments:

  1. Lovely, good post. I just bumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way, I will be signing up to receive your feed and I hope you post very soon . Voyante paris ; Astrologie .

    ReplyDelete
  2. Welcome to replica watches sale here. Swiss Replica Watches On Sale, replica Cartier watches UK
    Rolex, Audemars Piguet, Hublot, Panerai and many more Swiss hand made replica watches with Swiss clone movements.

    ReplyDelete
  3. Many people have who send there parcel from the USA, but their parcel doesn't arrive its destination timely. For them have a good news we are here to take your parcel and we delivering your product on time. Warehouse mexico

    ReplyDelete
  4. This comment has been removed by the author.

    ReplyDelete
  5. You should examine this post for some info on how to write essay about Great Gatsby. I think that you need to check it out sooner or later

    ReplyDelete
  6. The manufacturing of the worldvaping Vape juice flavor makes up impedes the production of nitric oxide. This molecule is very crucial for proper body functioning. If you extremely take in too much of the vape flavors, they are likely to cause inflammatory problems.

    ReplyDelete
  7. buenos dias amor Very informative information on your site here. I like this post because we can get some useful information from your blog. I expect more post from you

    ReplyDelete
  8. Best Restaurants Open On Christmas Day in New York

    it's basic that your specific web structuring organization should be identified with your organization venture model

    Shindig Web

    ReplyDelete
  9. portable oxygen machine
    You can use a transportable device once you are faraway from home, but you'll need a more robust oxygen solution reception . for instance , many portable oxygen concentrators aren't approved or recommended by doctors to be used during sleep. ask your doctor about the right solution you would like .

    CPAP masks are available during a sort of variants, including the nose or full face, which vary in shape and size, so it is a good idea to undertake to ascertain which style suits your face best.cpap cleaner

    ReplyDelete
  10. Visit this page
    extremely take in too much of the vape flavors, they are likely to cause inflammatory problems.

    ReplyDelete
  11. Pretty! This has been a really wonderful post
    Lean your body forward slightly to support the guitar against your chest, for the poetry of the music should resound in your heart.
    Read more at

    ReplyDelete
  12. Spot on with this write-up, I actually think this amazing site needs a great deal more attention. I’ll probably be returning to read through more, thanks for the advice!
    Visit Here

    ReplyDelete
  13. Your composing is purely awe-inspiring that I desired to read such high quality material... Visit Here

    ReplyDelete
  14. Very nice blog! Thank you so much for sharing such an amazing blog. It helps me in a lot of to solve my problems. Visit for Click Here

    ReplyDelete
  15. I am scanning for and I need to post a comment that "The substance of your post is magnificent" Great work Homepage

    ReplyDelete
  16. I hope you would be doing good. Dear admin your site is really easy to understand and one of the best in the town. I had gone through your site and I can confidently say that your site is free of bugs. Therefore, everyone should use this website. However, we also provide website development tools. Here is the link of our site Json validator free online

    ReplyDelete
  17. Hi there everyone! Hope you are having a good day. I came across your website and I think it’s one of the best in town. It’s really helpful regarding web development. Your tools are exceptional and very easy to use. Your content is diverse and really impressive. I can be helpful to you regarding upgrading your website. My site offers offer reverse image capability. Here is the link
    reverse image search

    ReplyDelete
  18. When a blind man bears the standard pity those who follow…. Where ignorance is bliss ‘tis folly to be wise onlypdf

    ReplyDelete
  19. Your blogs further more each else volume is so entertaining further serviceable It appoints me befall retreat encore. I will instantly grab your rss feed to stay informed of any updates. click site

    ReplyDelete
  20. Cool stuff you have got and you keep update all of us watch free movie

    ReplyDelete
  21. An fascinating discussion is value comment. I think that it is best to write extra on this matter, https://soap2day.sc/

    ReplyDelete
  22. Thanks a lot for enjoying this beauty article with me. I am appreciating it very much! https://serpskills.com

    ReplyDelete
  23. Easily that website can certainly it goes without saying gain popularity concerning nearly all blogs in addition to site-building men and women, car without any aware threads as well as assessments youtubetomp3.video

    ReplyDelete
  24. If you do not manage to perform any tasks at the university, never be upset because everyone has different skills and abilities. Therefore, the Internet has a large number of services that will help you with this. In my own experience, I can of course recommend an essay writing service essaywriter.org I am sure that they will definitely write a quality and original essay because they are real professionals. If you know of a similar math help service, be sure to write me.

    ReplyDelete
  25. This comment has been removed by the author.

    ReplyDelete
  26. The most major benefit of having a renowned certification on your resume is that your employers welcome you with warm hearts. But, as these certifications are getting famous they are getting very hard to pass. We have a perfect solution for you if you are willing to get a certification such as DCS-IE. Dumpspedia is offering 100% guaranteed XtremIO Solutions Specialist Exam for Implementation Engineers EMC E20-368 Dumps to pass EMC exam in flying colors. Our experts have made sure to include all key concepts and topics to DCS-IE E20-368 Dumps. Also, we keep track of any new update on the exam, so we can bring you up-to-date E20-368 PDF Questions.

    ReplyDelete
  27. I was facing a lot of challenges and worried about my weak grammatical skills. I was unable to write original work maintaining the quality of work , therefore I get help from Essay Writing Service
    to get professional written work. It offers me original content without plagiarism.

    ReplyDelete
  28. Getting a ACDS - 3781 Certification on your resume might be hard but nothing is impossible when you have backing of valid and proved Practice Test Questions. Dumpspedia have prepared a brilliant set of all important 37820X Dumps. They are prepared with only one aim and that is to draw top result in Avaya Midsize Solution Design Exam. Get these awesome 37820X Practice Test Questions Answers on affordable prices and you can download or print them too.
    Visit us for more our exams: Our 600-660 Dumps are specially prepare with extra care and easy wordings so you can understand each concept better and once you accomplish that success will be right at your door.

    ReplyDelete
  29. Are you aiming to target AZ-104 exam? Then you must try Dumps4free AZ-104 exam dumps. We are famous for providing valid Microsoft AZ-104 exam dumps with real AZ-104 exam questions substantiated by industrial experts. Validity and quality of AZ-104 dumps can be checked by downloading the free demos offered at Dumps4free. Your Microsoft success is 100% sure by preparing these Microsoft AZ-104 Dumps Questions.

    ReplyDelete