FT’s Lex Columnist Rathbone on BP’s Devon Assets Buy: Video
Posted on 11. Mar, 2010 by admin in United Kingdom
March 11 (Bloomberg) — John Paul Rathbone of the Financial Times’ Lex commentary team talks with Bloomberg’s Erik Schatzker about BP Plc’s $7 billion purchase of Devon Energy Corp. assets in Brazil, the Gulf of Mexico and Azerbaijan to add fields that may extend its production lead over Exxon Mobil Corp. As part of the cash accord, Devon will buy a 50 percent interest in BP’s Kirby oil sands project in Canada, BP said in a press release today. (Source: Bloomberg)