BP sells four Gulf of Mexico fields to offset oil-spill costs

BP has said it will sell four Gulf of Mexico oil fields to Japanese company Marubeni as part of its asset sale to help pay for the oil spill there.

The deal, which is subject to regulatory approval, is expected to raise $650m (€464m).

BP is in the process of selling assets worth up to $30bn (€21.4bn) to meet clean-up and compensation costs.