Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Exclusive: Exxon agrees to sell Norway oil and gas assets for $4 billion - sources

Exclusive: Exxon agrees to sell Norway oil and gas assets for $4 billion - sources
FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai -
Copyright
Toru Hanai(Reuters)
Euronews logo
Text size Aa Aa

LONDON (Reuters) – Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion (£3 billion), in a move that marks the U.S. firm’s exit from production in the country where it has operated for more than a century, three sources familiar with the matter said on Thursday.

Exxon said in June it was looking to sell its Norwegian upstream portfolio, which includes minority stakes in more than 20 other fields, operated by local producer Equinor <EQNR.OL> and Anglo-Dutch oil major Royal Dutch Shell <RDSa.L>.

An Exxon spokeswoman said: “As a matter of practice, we don’t comment on commercial discussions.”

(Reporting by Ron Bousso and Shadia Nasralla, additional reporting by Nerijus Adomaitis in Oslo; Editing by Elaine Hardcastle)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.