Exxon Mobil seeks bids for Norwegian offshore assets
Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.
Two years ago the U.S. major - the world’s largest oil company - sold its operated assets in the area. But it has retained stakes in more than 20 other fields, including Equinor-operated Snorre and Shell-operated Ormen Lange.
“Following interest expressed by several parties, Exxon Mobil has decided to open a data room to test the market interest for the upstream portfolio in Norway,” Anne Fougner said, adding that no decision to sell had yet been made.
A number of private-equity backed firms, including Okea, and independent oil firms Aker BP and DNO, have this year said they were looking to buy more assets on the Norwegian continental shelf.
Fougner’s remarks confirmed a report in local newspaper Dagens Naeringsliv. She declined to comment on the value of the assets, which the business daily quoted an unnamed industry expert as saying could be worth $3-4 billion.
In 2017, Exxon Mobil’s net production from fields off Norway was around 170,000 barrels of oil equivalent per day, according to its website.
Erik Haugane, Okea’s chief executive, told Reuters this week he expected all oil majors except Norway’s Equinor to exit the Norwegian continental shelf in a decade.
Another Norwegian oil firm, Det norske - controlled by billionaire Kjell Inge Roekke - bought BP’s Norwegian assets in 2016, with BP getting a 30% stake in the new company, Aker BP.
U.S. major Chevron transferred its last stake in a Norwegian offshore license last year, while ConocoPhillips still operates Ekofisk, the first major oil discovery off Norway.
https://www.reuters.com/article/us-exxon-mobil-norway-divestiture/exxon-mobil-seeks-bids-for-norwegian-offshore-assets-idUSKCN1TN05R
add that the deal with iraq is on the ropes too
Exxon's $53B Iraq deal hit by snags
https://seekingalpha.com/news/3472884-exxons-53b-iraq-deal-hit-snags-reuters
o7
did not hit me until you said that-even the ADS cap. you know us 'civilians'….
Bitcoin continues its rally, briefly tops $11,000 in intraday trading
A day after reaching the $10,000 mark for the first time in more than a year, the price of bitcoin briefly surged above $11,000 on Saturday.
Bitcoin BTCUSD, +0.09% shot up 7%, topping $11,100 in Saturday morning trading, according to CoinDesk, its highest level since March 2018. The price fell as the day went on, and was last trading around $10,650 at 5:30 p.m. Eastern.
It was the third price milestone in a week, after the world’s largest cryptocurrency topped the $9,000 level for the first time in 13 months last Sunday.
Bitcoin’s price is up 186% year to date, with most of the gain coming in the past three months.
Last week, one bitcoin analyst predicted that prices could hit $40,000 “in a few months” now that the $10,000 level had been cracked. “Bottom line: Crypto winter looks over,” Fundstrat’s Thomas Lee said.
After topping out above $19,000 in December 2017, bitcoin prices sank to as low as $3,122 in December 2018.
As of Saturday evening, bitcoin’s market cap sat at nearly $188 billion, according to Coinmarketcap.com.
Bitcoin’s recent surge has boosted competing cryptocurrencies as well, with ethereum ETHUSD, -0.87% rising 20% in the past month and litecoin LTCUSD, -0.63% up 37% in that time. The sector has also been helped by Facebook Inc.’s FB, +0.85% unveiling last week of its upcoming digital currency Libra, which some analysts say could take crypto to the masses.
https://www.marketwatch.com/story/bitcoin-continues-its-rally-briefly-tops-11000-in-intraday-trading-2019-06-22
>Tripple threat :)