BHP May Sell Stakes in Gulf of Mexico Projects, Upstream Says

By Angela Macdonald-Smith

July 30 (Bloomberg) -- BHP Billiton Ltd. plans to sell stakes in oil and gas projects in the Gulf of Mexico, Upstream reported, without citing anyone.

The company plans to sell interests in the Genesis, Mustang, Starlifter and West Cameron 76 ventures, the oil and gas industry newsletter said in its online edition. It hired Jefferies Randall & Dewey to manage the sale, Upstream said.

Emma Meade, a spokeswoman for Melbourne-based BHP, couldn't be immediately reached for comment.

To contact the reporter on this story: Angela Macdonald-Smith in Sydney at amacdonaldsm@bloomberg.net