BP is offloading assets

BP is offloading assets

BP is offloading assets to raise cash to pay for damages incurred from the summer oil spill in the Gulf of Mexico.

In a Monday announcement, the British supermajor said Japanese energy company Marubeni Oil and Gas will pay $650 million for a stake in the Magnolia, Merganser, Nansen and Zia fields off the southern coast of the United States.

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