| ConocoPhillips weighs sale of North sea assets in Norway - Bloomberg | |
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April 21 (Reuters) - ConocoPhillips Inc is weighing sale of some of its North Sea assets in Norway which may fetch as much as $1 billion, Bloomberg reported, citing sources familiar with the matter. The largest independent producer of oil and natural gas may sell assets that are operated by others including stakes in the Aasta Hansteen, Alvheim and Grane fields, Bloomberg said, citing the sources. (http://bloom.bg/1J7KJ8g). The company is also said to have contacted potential buyers, Bloomberg reported, citing a source familiar with the matter. ConocoPhillips said it does not comment on ongoing business development or commercial activities. Reuters last week reported that the company was preparing the sale of noncore oil and gas producing acreage in the United States, in the latest sign that oil majors are becoming more accepting of lower oil prices. While the world's oil and gas companies have been looking to buy assets on the cheap since oil prices plummeted, epitomized by Royal Dutch Shell Plc's agreement earlier this month to buy BG Group Plc for $70 billion, they have been reluctant to sell assets in case oil prices recover and they can fetch more. A couple of other big companies have also started to explore a sale. Anadarko Petroleum Corp has put a few hundred million dollars worth of East Texas acreage up for sale with Citigroup Inc. (Reporting by Shivam Srivastava in Bengaluru)
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ConocoPhillips
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CODE : COP |
ISIN : US20825C1045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ConocoPhillips is a producing company based in United states of america. ConocoPhillips is listed in Germany and in United States of America. Its market capitalisation is US$ 131.3 billions as of today (€ 117.6 billions). Its stock quote reached its lowest recent point on December 31, 1991 at US$ 10.94, and its highest recent level on September 20, 2024 at US$ 111.51. ConocoPhillips has 1 177 107 000 shares outstanding. |