{"id":14408,"date":"2025-11-03T10:25:18","date_gmt":"2025-11-03T08:25:18","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/bp-to-sell-stakes-in-us-onshore-midstream-assets-for-1-5-billion\/"},"modified":"2026-02-27T16:27:00","modified_gmt":"2026-02-27T14:27:00","slug":"bp-to-sell-stakes-in-us-onshore-midstream-assets-for-1-5-billion","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/bp-to-sell-stakes-in-us-onshore-midstream-assets-for-1-5-billion\/","title":{"rendered":"BP to sell stakes in US onshore midstream assets for $1.5 billion"},"content":{"rendered":"<div>The sale comes as BP reviews how to develop its oil and gas production assets and cut costs as part of a $20 billion divestment programme by end-2027.<\/div>\n<div><\/div>\n<div>It has been under pressure from investors after years of underperforming rivals and also the target of activist investor Elliott.<\/div>\n<div><\/div>\n<div>BP&#8217;s US onshore oil and gas business, Bpx Energy, will hold a 51% stake in the Permian assets and 25% in the Eagle Ford assets after the deal, the oil major said.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14409,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14408","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"BP said on Monday it would sell stakes in the Permian and Eagle Ford midstream assets of its United States (US) onshore oil and gas business for $1.5 billion to funds managed by investment firm Sixth Street","published_date":"2025-11-03 00:00:00","news_description":"BP said on Monday it would sell stakes in the Permian and Eagle Ford midstream assets of its United States (US) onshore oil and gas business for $1.5 billion to funds managed by investment firm Sixth Street","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14408\/revisions"}],"predecessor-version":[{"id":19081,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14408\/revisions\/19081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14409"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14408"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}