LONDON (Reuters) – Exxon Mobil (XOM.N) is contemplating an exit from the British North Sea after greater than 50 years within the oil and gasoline basin because it focuses on U.S. shale manufacturing and new initiatives.

FILE PHOTO: An Exxon gasoline station is seen in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott/File Photograph

The world’s largest publicly traded power firm, Exxon has held talks with a variety of North Sea operators in current weeks to gauge curiosity in some or all of its belongings, which may fetch as much as $2 billion, based on three business sources with data of the matter.

Exxon declined to remark.

Leaving the British North Sea…

Source link

Please follow and like us: