bp will divest a 65% stake in Castrol to Stonepeak for an enterprise value of $10.1 billion. The lubribants-business deal is expected to generate around $6 billion in net proceeds, aiding bp's debt ...

Dec. 24 (UPI) --BP is selling its majority stake in Castrol to U.S. investment company Stonepeak in an effort to pay down its debt. The company is selling its $10 billion, 65% ownership in the ...

Under the deal, BP is set to receive roughly $6 billion in proceeds from the sale of a 65% stake to Stonepeak.

BP's strategy has undergone significant shifts over the past several years. ExxonMobil has never deviated from its core strengths. The oil giant remains focused on executing its successful strategy in ...

A consortium between BW Energy and Maurel & Prom signed an agreement with Azule Energy, a 50-50 venture between BP and Eni, to acquire Azule's non-operating stakes in Block 14 and Block 14K offshore ...

In patients with hypertension and hypomagnesemia, magnesium supplementation reduces blood pressure. Individuals with hypertension and hypomagnesemia may have their blood pressure (BP) significantly ...

SEATTLE (AP) — Oil company BP has found the source of a leak in a major Pacific Northwest pipeline system, allowing it to restart the flow of jet fuel to Seattle-Tacoma International Airport on ...

--British energy major BP is in active talks with investment firm Stonepeak over the sale of its Castrol unit, Reuters reports, citing unnamed sources. --Stonepeak ...

BP BP1.34%increase; green up pointing triangle said it has agreed to sell interests in its U.S midstream assets to Sixth Street for $1.5 billion, as it continues to look for ways to pay down net debt.

(Reuters) -BP has agreed to sell minority stakes in some of its U.S. onshore pipeline assets in the Permian and Eagle Ford basins to investment firm Sixth Street for $1.5 billion, it said on Monday.