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XOM Jun 2024 60.000 put
- Reuters
Shell, Exxon near deal to sell North Sea assets to Viaro, sources say
Shell and Exxon Mobil are nearing an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy, three industry and banking sources said. The sale of the Clipper and Leman Alpha field clusters would mark the latest step in a steady retreat of major oil and gas companies from the ageing basin in recent decades as they focus on newer and more profitable prospects. For Texas-based Exxon, it would complete the exit from the North Sea, where it has been present since 1964.
- Barrons.com
Why the AI Stock Market Divide Is Widening Amid Fed Rate Fears, and 4 Other Things to Know Today
Hess shareholders approve Chevron merger but challenges remain, OpenAI forms new safety committee as it rolls out next model, and other news to start your day.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Anglo American rejected BHP Group's last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and ending a five-week pursuit by the bigger rival. ** A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. ** The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world's oldest postal firms.
