October 2017, Vol. 244, No. 10

In The News

In the News

BP Moves Forward with IPO for U.S. Pipeline Assets BP announced on Sept. 11 that BP Midstream Partners LP, a wholly owned, indirect subsidiary, filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. The announcement comes after BP said in July it had begun evaluating the formation and IPO of a master limited partnership to enhance shareholder value and to support BP’s strategy to grow its midstream business. BP Midstream Partners expects the offering to occur in the fourth quarter, dependent on market conditions, and will trade on the New York Stock Exchange under the ticker symbol BPMP. BP Midstream Partners was formed as a

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