BP sells US plant for $575m

BP has sold one of its US natural gas plants to Anadarko for $575.5m (£354.3m) as part of its $30bn asset sale to fund reparations for last year’s Gulf of Mexico spill. The Wattenberg Processing Plant in Colorado has the capacity to process 195m cubic feet per day and 15,000 barrels of natural gas liquids. Anadarko is the largest producer in the Wattenberg field and is also drilling in the emerging Niobrara Shale.