BP will sell non-controlling stakes in bpx energy’s Permian and Eagle Ford midstream to Sixth Street for $1.5B, retaining ...

BP has agreed to offload stakes in some of its onshore oil and gas pipelines in the US as it seeks to shore up its finances.

Following completion, bpx’s ownership interest in the Permian midstream assets will move to 51% (from 100%), while bpx’s ownership interest in the Eagle Ford midstream assets ...

Once the sale is completed, BP's U.S. onshore oil and gas business, bpx energy, will hold a 51% stake in the Permian assets and 25% in the Eagle Ford assets. BP is scheduled to report third-quarter ...