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ExxonMobil To Sell U.K. Upstream Central And Northern North Sea Assets To HitecVision IRVING (dpa-AFX) - ExxonMobil said Wednesday that it agreed to sell most of its non-operated upstream assets in the United Kingdom central and northern North Sea to HitecVision for more than $1 billion. The sale price has additional upside of about $300 million in contingent payments based on potential for increase in commodity prices. The agreement includes ownership interests in 14 producing fields operated primarily by Shell, including Penguins, Starling, Fram, the Gannet Cluster and Shearwater; Elgin Fra...

Exxon Mobil Corp said on Wednesday it would sell its non-operating interest in its UK and North Sea exploration and production assets to ...

ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal ExxonMobil has agreed to sell a package of UK northern and central North Sea assets to NEO Energy in a deal worth more than $1billion (£707.3m). Updated: 24/02/2021, 3:53 pm © Shell Columbus will be tied-back to the Shell Shearwater hub. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up ExxonMobil has agreed to sell a package of UK northern...

Exxon Mobil Corporation: ExxonMobil to Sell U.K. Upstream Central and Northern North Sea Assets Sale price of more than $1 billion advances divestment plans, further focusing portfolio on advantaged assets ExxonMobil retains extensive refining and fuels marketing, lubricants, petrochemicals production and natural gas marketing business in the U.K. ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil's non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of...

Author Bio Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo ExxonMobil (NYSE:XOM) announced today that it has agreed to sell most of its non-operated upstream oil and gas assets in the U.K.'s central and northern North Sea to NEO Energy. The oil giant will receive more than $1 billion for the properties upon ...