Lord Browne’s US fund is mulling a bid for auctioned BP assets

first_img Lord Browne’s US fund is mulling a bid for auctioned BP assets Show Comments ▼ More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comColin Kaepernick to publish book on abolishing the policethegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo whatsapp FORMER BP chief Lord Browne is considering buying businesses from his former firm as BP divests assets to raise cash for its US lawsuit.Riverstone, the US private equity house at which Browne is now a partner, is reportedly considering bids for BP businesses being auctioned. Assets include its Canadian natural gas liquids processing facilities worth $2bn (£1.3bn), recently put up for sale.The move would mark a return to managing assets that Browne managed during his tenure at BP’s helm, Sky News reported yesterday. Browne is credited with building BP into a global energy player before handing it over to Tony Hayward in 2007.There is no guarantee that Riverstone will make any formal bids, the report said. The assets have been put up for sale to raise an estimated $30bn for use as BP fights a $21bn US government lawsuit resulting from the Gulf of Mexico oil spill this year. BP announced last week that it will sell oil-producing blocks in Pakistan to a Hong Kong investor, UEG, for $775m, in a move that will take its total raised to $22bn.New York-based Riverstone, which specialises in energy investments, has also reportedly been mulling a bid for Shell-owned oil fields in Nigeria. center_img Share Wednesday 22 December 2010 8:43 pm KCS-content whatsapp Tags: NULLlast_img

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