ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

Rosneft, Statoil Sign Deal On Developing Fields In Arctic

MOSCOW -(Dow Jones)- Norway's Statoil ASA (STO, STL.OS) signed Saturday a cooperation agreement with Russian state oil company Rosneft (ROSN.RS) to develop Russia's mostly untapped offshore energy resources in the Arctic, thus joining two other global majors, Exxon Mobil Corp. (XOM) and Italy's Eni SpA (E, ENI.MI), which signed similar deals in April. The deal is structured similarly to the ones Rosneft signed with Exxon and Eni and follows Russia's approval of long-awaited tax breaks for the potentially rich offshore fields. Like the previous two, this deal was signed in the presence of Russia's president-elect, Vladimir Putin. Rosneft and Statoil have agreed to jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets. The agreement also envisages Rosneft's acquisition of participating interests in selected Statoil projects. Under the agreement, the companies will set up joint ventures, with Statoil holding 33.33% in each, and will jointly explore the Perseevsky license in the Russian part of the Central Barents Sea and three licenses--the Kashevarovsky, Lisyansky and Magadan-1--north of Sakhalin island in the Sea of Okhotsk. The four offshore licenses cover an area of more than 100,000 square kilometers. "We aim for early access at scale in new and promising basins, positioning us for high-impact exploration. This agreement is at the core of our strategy, supporting our long-term growth ambitions," said Helge Lund, chief executive of Statoil, in a statement. -By Alexander Kolyandr, Dow Jones Newswires; +7 495 232-9192 alexander.kolyandr@dowjones.com

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
04/26/201509:17:43MARKET SNAPSHOT: Apple, Energy, Health Care Earnings To Dominate...
04/25/201509:01:02Rite Aidâs Incredible Turnaround: Beyond the Numbers
04/24/201520:30:23Texas Orders Two Oil Firms to Prove Well Isn't Causing Earthquakes
04/24/201512:31:00La Journée mondiale de lutte contre le paludisme marque le 15e...
04/24/201512:22:00On World Malaria Day, ExxonMobil Marks 15 Years Fighting Malaria
04/23/201515:17:20Match Game: Companies Push Training to Close Skills Gap
04/23/201512:44:18Europe's Oil Companies Eyed for Takeover
04/23/201512:00:02How The Majors Are Playing the Oil Price Slump
04/23/201510:00:02Oil Stocks: Seadrill Suffers a Major Blow, but Arctic Drilling...
04/22/201515:26:14Exxon Mobil Firms to Pay Nearly $5 Million for Arkansas Oil Spill
04/22/201513:03:033 Simple Steps to Divest on Earth Day
04/22/201508:00:0210 Most Profitable Companies in Oil
04/21/201515:39:51Notice of Exempt Solicitation. Definitive Material. (px14a6g)
04/21/201512:40:02Exxon CEO Expects Oil Prices to Remain Low in Coming Years
04/21/201512:04:56Additional Proxy Soliciting Materials (definitive) (defa14a)
04/20/201512:30:00ExxonMobil President Calls for Urgent Action on U.S. Liquefied...
04/19/201515:00:11Is BP a Good Stock to Buy? Yes, but Not Because of Takeover Rumors
04/19/201510:18:035 Megatrends in Energy
04/19/201510:04:0310 Largest Companies by Market Cap in Oil
04/17/201512:45:03Battery Tech Bringing an End to Oil As We Know it? Not So Fast

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad