✉news BusinessBusiness first seen 8 h ago, last 23 min ago, peak #1
ConocoPhillips weighs selling Norway operations and Teesside asset
Original: ConocoPhillips explores sale of Norway business and UK Teesside asset
ConocoPhillips is exploring a sale of its Norwegian business and its Teesside asset in the United Kingdom, according to Reuters. The potential divestment would mark a scaling back of the US oil major's presence in the North Sea region as it reshapes its portfolio. Details on price, buyers or timing have not been disclosed.
Why now: News of a major oil company possibly exiting Norway and a UK asset reshapes expectations for the North Sea energy sector.
ConocoPhillipsNorwayTeessideUnited Kingdom
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