BP sells half interest in North Sea gas field December 17, 2012 - 16:09 AMT PanARMENIAN.Net - Oil company BP has sold its half interest in a North Sea gas field to SSE PLC for $288 million, The Associated Press reports. BP said Monday, Dec 17, that the disposal of its 50 percent stake in the Sean gas field, operated by Shell, is part of a broader program of disposing of noncore assets. BP's share of production from Sean is equivalent to 18,000 barrels of oil per day. Although BP has recently disposed of some other North Sea assets, the company says it plans to invest $10 billion there over the next five years, both in British and Norwegian waters. BP shares were down 0.2 percent at 425.45 pence in midmorning trading in London.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Ucom Celebrates Telecommunication Day  May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865.Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova.Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan.Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |
