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

Russia's Rosneft to Acquire 30% of N.Y.-Listed Oil Driller

OSLO--New York-listed North Atlantic Drilling Ltd. said Friday that Russia's OAO Rosneft would acquire 30% of its shares in exchange for cash and 150 of Rosneft's onshore drilling rigs, following a cooperation deal struck before the imposition of sanctions against Russia by the U.S., Norway and the European Union. Rosneft will also be entitled to two board members in North Atlantic Drilling, or NADL, a company controlled by Seadrill Ltd., Bermuda-based driller. Seadrill Ltd. will retain approximately 50% of NADL shares. "We are very pleased with the execution of this important transaction and welcome Rosneft as an equity partner and to our board of directors," said Alf Ragnar Lovdal, chief executive of NADL. The announcement follows a $4.25 billion deal for the employment of six NADL drilling rigs through 2022, and a long-term cooperation deal entered between Rosneft and NADL in May. That deal included an option for Rosneft to acquire NADL shares. "Rosneft, Seadrill and NADL are creating a unique international partnership which will allow Rosneft to secure its drilling program," said Rosneft Chief Executive Igor Sechin. NADL is mainly active in Norway and the U.K., but the company's West Alpha rig is currently drilling Russia's northernmost well, Universitetskaya-1 in the Arctic Kara Sea, on behalf of Rosneft and Exxon Mobil. Both Seadrill and NADL are based in Bermuda and are controlled by billionaire John Fredriksen, a Norwegian who changed his citizenship to become a Cypriot. NADL was valued Friday at 13.8 billion Norwegian kroner ($2.25 billion) in Oslo's over-the-counter market. The company was listed on the New York Stock Exchange in January 2014. The transaction is expected to close during the fourth quarter. Write to Kjetil Malkenes Hovland at kjetilmalkenes.hovland@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
10/31/201410:16:20MARKET SNAPSHOT: U.S. Stocks: S&P 500, Dow Hit Record Levels
10/31/201409:17:47MARKET SNAPSHOT: U.S. Stocks: Dow Surges After BOJ Stimulus Surprise
10/31/201408:07:22MARKET SNAPSHOT: U.S. Stocks: Dow Could Open At An Intraday Record...
10/31/201407:48:48MARKET SNAPSHOT: U.S. Stocks: Futures Imply 200 Point Dow Surge...
10/31/201406:28:47MARKET SNAPSHOT: U.S. Stocks: Futures Point To Wall Street Rally...
10/30/201417:23:53Exxon Mobil Looks for More Barrels, More Profit -- Earnings Preview
10/27/201413:03:51U.S. Stocks Fall as Oil Slides
10/27/201411:55:51U.S. Stocks Pare Early Losses
10/27/201404:36:26ExxonMobil and OMV Petrom Explore New Prospect Offshore Romania
10/26/201405:18:37MARKET SNAPSHOT: Energy, Health Care Earnings To Dominate Week
10/14/201406:19:38Statoil, Exxon Find Gas Offshore Tanzania
10/10/201402:54:35Tullow Oil: Gabon Well has Encountered Hydrocarbons
10/09/201418:00:16Correction On Exxon Mobil, Venezuela Stories
09/22/201414:52:47Total Looks to China to Finance Russian Gas Project -- 3rd Update
09/22/201410:53:27Total Looks to China to Finance Russian Gas Project -- 2nd Update
09/19/201409:43:22U.S. Hot Stocks: Hot Stocks to Watch
09/12/201415:22:48U.S., EU Widen Sanctions on Russia
09/12/201415:18:34U.S. Expands Sanctions to Giant Russian Energy Projects
09/12/201406:58:21EU Widens Sanctions on Russia
09/12/201406:57:25EU Widens Sanctions on Russian Companies, Individuals Over Ukraine...

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