Bob Dudley, CEO of BP, called the deal a "transformational acquisition" for its "Lower 48" business and is the largest investment BP has made since the Deepwater Horizon incident, where it was lumbered with a $65bn clean up bill (shares fell 1.7% on the announcement). BP is buying the assets from Australian BHP Billiton (who in turn acquired the assets from its acquisition of Petrohawk Energy Corporation in 2011, initially known as Beta Oil and Gas).
No comments:
Post a Comment