BP sells Argentina’s Bridas to Bulgheroni family and Chinese corporation

Monday, November 29th 2010 - 22:25 UTC

Full article 10 comments

British Petroleum reached an agreement to sell its 60% stake in an Argentine oil and gas company to its joint-venture partner Bridas, which is owned in equal parts by China's CNOOC, China’s Natioonal Offshore Oil Company and the prominent Bulgheroni family of Argentina. Read full article

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xbarilox
“Bob Dudley, BP’s CEO, said the deal “further demonstrates both the high quality and attractiveness of the assets throughout BP’s global portfolio.” Dudley also made reference to his “company’s ability to meet [its] significant financial commitments arising from the Gulf of Mexico tragedy,” where a BP rig operated by Transocean caused the worst oil spill in the Gulf's history. Rivals Exxon Mobil criticized BP's handling of the situation.” BP, The Gulf of Mexico will never forget you haha

“The operation also marks the exit of BP from Argentina.” Good riddance, BP, see you never more.
Nov 29th, 2010 - 10:51 pm - Link - Report abuse 0
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Redhoyt
“ ... The operation also marks the exit of BP from Argentina ...”

Which of course makes life a lot easier if BP wish to start exploring in Falkland island waters ............... makes you think, eh?
Nov 29th, 2010 - 11:52 pm - Link - Report abuse 0
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WestisBest
This is funny, all the crap you RG's have been posting about the hazards of Falklands oil exploration and you've been in bed with BP all along, don't you just love Argentine hypocrisy.
:-)
Nov 30th, 2010 - 12:37 am - Link - Report abuse 0
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Marcos Alejandro
“British Petroleum reached an agreement to...”
When the news are not about an oil spill they call it British Petroleum.
Nov 30th, 2010 - 05:48 am - Link - Report abuse 0
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stillakelper
The story is in the last line. This has been coming for some time and is great news for the Falkland Islands.
Nov 30th, 2010 - 11:04 am - Link - Report abuse 0
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fredbdc
It will be interesting to see how these Chinese acquisitions in developing countries turn out. Neither the Chinese nor the various African and SA nations respect the rule of law so in the end it will be just a war of wills or maybe military force that ends the eventual disagreements. I really don't see loony Cfk or nutty Chavez standing up to them.
Nov 30th, 2010 - 04:34 pm - Link - Report abuse 0
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Fido Dido
Neither the Chinese nor the various African and SA nations respect the rule of law so in the end

Fred, neither the US, so stop acting as if the US does respect the rule of law.
Nov 30th, 2010 - 07:04 pm - Link - Report abuse 0
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Pedro
Guantanamo, weapons of mass destruction,wikileaks - Yea - US sure respects the rule of law
Nov 30th, 2010 - 07:21 pm - Link - Report abuse 0
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stick up your junta
Argies and the rule of law

http://www.guardian.co.uk/world/us-embassy-cables-documents/242241
Nov 30th, 2010 - 07:42 pm - Link - Report abuse 0
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fredbdc
7,8 What your posts make absolutely no sense please elaborate and provide some links. Thanks!
Nov 30th, 2010 - 09:26 pm - Link - Report abuse 0
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