Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
BP to create new business for US onshore assets
http://www.adn.com/2014/03/04/3356382/bp-to-create-new-business-for.htmlBP to create new business for US onshore assets
The Associated Press
March 4, 2014 Updated 23 hours ago
NEW YORK — BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.
BP PLC, which will own the new business, currently oversees the region through its North America Gas group based in Houston.
BP Upstream CEO Lamar McKay said in a statement that the company has reshaped its North America Gas portfolio over the past few years by shedding non-core assets and concentrating on unconventional development such as the Eagle Ford Shale in Texas.
"Now it's time to reshape the way we run the business," he said.
