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BP Announces Sale

The Gulf of Mexico oil spill has put a permanent greasy smudge on BP’s record, but it’s become a blessing in disguise for American oil firm Apache Corp. BP has announced that it’s reached a deal to sell 7-billion dollars in assets to Apache to cover the growing costs of the Gulf clean up.

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BP Investigation Could Cost Them Billions

BP’s share price falls as investigation could make them liable for billions in damages. More bad news for BP. The British oil giant’s share price fell another 3 percent following the announcement of a US criminal investigation into the Gulf of Mexico oil disaster. US Attorney General Eric Holder said that if evidence of illegal behavior were found, the US would be extremely forceful in response.

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