ConocoPhillips reviews sale of Norway business

AI Summary

ConocoPhillips is reviewing an unsolicited offer for its Norwegian operations and the linked Teesside terminal in the UK. The company has notified employees, partners, and regulators but has not named the prospective buyer or disclosed terms.

ConocoPhillips is considering selling its Norwegian operations and the Teesside terminal in the UK after receiving an unsolicited offer for the linked North Sea assets. The US producer has informed employees, partners, and regulators that it is reviewing the approach. It has not identified the prospective buyer or disclosed the terms and stressed that it …