Offshore staff
HOUSTON – Anadarko Petroleum Corp. (NYSE: APC) has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for $1.075 billion.
The subsidiary to be divested owns Anadarko’s non-operating interest in the Bohai Bay field. The transaction is expected to close later this year.
02/18/2014
