BP sells Gulf of Mexico shelf properties
Apache buys BP’s last producing GOM continental shelf properties; $1.3B purchase second it has made from British giant
For Petroleum News
BP says it decided to sell the last of its producing properties on the Gulf of Mexico’s continental shelf because they no longer muster up to BP’s investment standards, not because of an increasing threat of hurricanes, which is said to be causing some producers to rethink their future on the shelf....
[additional news subjects in this story]
Apache addresses hurricane threat
Investors like deal
Apache: not all eggs in one basket
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