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The Times: Need to know: Saturday March 15, 2008

Natural resources

Abu Dhabi National Energy Company said that it was in exclusive negotiations with Royal Dutch Shell and the ExxonMobil unit Esso Exploration and Production for the purchase of some of their North Sea assets. The talks relate to Shell and Esso’s equity interests in the Tern, Eider, Cormorant North, South Cormorant fields and related sub-sea satellite fields and infrastructure.

Opec: A closed meeting of big oil companies, Opec and representatives of leading commodity exchanges on Monday will discuss the upwards spiral of the crude oil price.

http://business.timesonline.co.uk/tol/business/markets/article3556302.ece

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