LONDON — BP says it has agreed to sell its oil and gas exploration business in Colombia for $1.9 billion to a consortium of Ecopetrol, Colombia’s national oil company, and Talisman of Canada. The deal announced Tuesday is the latest in BP’s plans to sell up to $30 billion of assets to cover costs related to the Gulf of Mexico oil spill. The company last month agreed to sell assets in the U.S., Canada and Egypt to Apache Corp. for $7 billion. It also plans to sell assets in Pakistan and Vietnam. BP last week revealed it has set aside $32.2 billion to cover spill costs as it posted a $17 billion second quarter loss. It will receive a cash deposit for the Colombian sale, which is expects to complete by the end of the year.
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BP To Sell $1.9 Billion In Colombian Assets
HOUSTON and KEMAH, Texas, Feb. 3, 2010 (GLOBE NEWSWIRE) — Mr. Daniel Dror, Chairman and CEO of American International Industries, Inc. (Nasdaq:AMIN), announced today that an earnest money contract has been entered into between Nestle Products Corporation (“Nestle”), a wholly-owned subsidiary of American International Industries, Inc., and REIT Partners, LP., the Buyer, pursuant to which a 8 acre tract of land on Airport Blvd. in Houston, TX, out of a larger 42 Acre Nestle-owned tract, is being sold to the Buyer for cash consideration of $450,000. The company received a non-refundable cash deposit. The Buyer is purchasing the property in order to develop a multifamily apartment complex.
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Nestle Products Corporation, a Wholly-Owned Subsidiary of American International Industries, Inc., Signs Contract to Sell 8 Acres of Land in Houston, TX
