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bp plans to boost oil and gas investments in US

British oil major BP is planning to increase investments in its oil and gas production assets in the Gulf of Mexico and Texas.

BP Builds Lower 48 Heft, Enters Permian with $10 5B Takeover of BHP Assets

BP plc late Thursday confirmed the rumors and agreed to pay $10.5 billion to acquire nearly all of BHP’s massive U.S. onshore portfolio, giving it entry into the Permian Basin in West Texas and substantial acreage in the Eagle Ford and Haynesville shales.

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