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Exxonmobil's sale of Norwegian oil activities could set record

Oil major Exxonmobil's plans to sell off its Norwegian business could lead to the biggest sale on the Norwegian Shelf since 2006, according to Wood Mackenzie. The analyst firm points mainly to North Sea players as obvious buyers of the large portfolio.

Exxonmobil plans final exit from Norway

US-based Exxonmobil now opens up to selling all its licenses on the Norwegian continental shelf, according to Norwegian media. The company currently has ownership stakes in more than 20 fields.

ExxonMobil and Total want to grow as direct bunker suppliers

Major oil companies are prepared to grab an even bigger share of the bunker market as direct suppliers to shipping companies after the new sulfur regulations enter force. ExxonMobil and Total tell ShippingWatch about their expectations following Jan. 1, 2020.

ExxonMobil: Shipowners have yet to prepare for 2020

Even though the global sulfur regulations in 2020 have been known for years, far from all shipowners are prepared for them. It is a matter of understanding as well as communication, says Luca Volta, marine fuels venture manager at one of the world's largest oil companies, ExxonMobil.

ExxonMobil prepares refinery for global sulfur cap

The upcoming sulfur regulations will boost demand for low-sulfur fuel significantly, and oil major ExxonMobil now plans to invest in its UK-based refinery in an effort to get on board the wagon, reports the Financial Times.

Global oil majors squash low oil price and accelerate earnings

Rising energy prices and intense focus on trimming costs boosted many oil companies above analyst expectations in their Q2 interim reports released last Thursday and Friday. However, even oil execs are starting to turn away from fossil fuels and drive electric cars.

ExxonMobil maintains massive investments in the US

The new CEO of US oil company ExxonMobil, who took over the position from the current US Secretary of State, Rex Tillerson, will continue to invest billions in the Gulf of Mexico in both new and existing refineries.

Trump's secretary of state will sell ExxonMobil shares

Donald Trump's choice for US secretary of state, Rex Tillerson, plans to sell out of his shares in the oil company ExxonMobil if he is approved for the job. Until the turn of the year, Tillerson was CEO of the company and he has been criticized for his close ties to Russia.

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