British oil major BP on Monday filed for an initial public offering of its US midstream business, BP Midstream Partners, which will be organized as a master limited partnership and include BP's Gulf Coast and Midwest pipeline, processing and storage assets. BP plans to launch the IPO on the New York Stock Exchange by the end of the year, aiming to raise up to $100 million.
BP presses ahead with plans to spin off US midstream assets
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.