BP inching towards Gulf oilfields sale to
Plains
According
to sources, BP plc (ADR)(NYSE:BP) plans to sell some of its oilfields in the
Gulf of Mexico and is discussing the same with Plains Exploration and
Production Co., the likely buyer. While
there is no official statement on this development, Plains is reportedly
offering a price of $6 billion and an agreement may be just days away. Earlier in the year, BP CEO Bob Dudley had
said that the company plans to sell a few non-strategic assets in the Gulf. He had also stated that he wants to focus on production
hubs of the Thunder Horse, Atlantis, Mad Dog and Na Kika fields.
Get Free Trend Analysis On
BP Here
In
August, Brett Clanton, a BP Spokesman had insisted that the company will not
quit from the Gulf. In an email, he had said, “No
one should confuse our effort to sell these older, non-strategic assets, which
we announced months ago, with our ongoing commitment to the Gulf of Mexico.” he
said. He had also said that BP will continue to invest at least $4 billion
annually in the Gulf.
First a misleading ad and
now an ethics review by Nokia
Nokia Corporation (ADR)(NYSE:NOK )’s marketing tactics are
under the scanner after it released a promotional video with photographs that
were not taken with the new Lumia 920 SmartPhone and failed to mention the
same. Possibly in an attempt to deflect
criticism, the Finnish phone maker has said that it will conduct an ethics
review to study by the company released such misleading material. It had also posted an apology on the company
blog for the confusion caused.
Will NOK Bounce Back After
The Recent Pull Back? Get Special Report Here
This surely does not look like good PR for the Espoo based
company which desperately wants to regain its hold in the phone market with its
smartphones. In an attempt to challenge Apple’s iPhone and phones based on
Google’s Android, Nokia introduced 2 new Lumia phones at a news conference in
New York last week.
No comments:
Post a Comment