Oil (NYSE:USO) markets are reacting to the news out of Libya this morning. Oil is currently trading up 1.4% to $83.55 a barrel.
1) Exxon Mobil (NYSE:XOM) agreed to sell some of its Malaysian assets to San Miguel Corporation, a Philippines-based firm. The price is $610 million.
2) BP (NYSE:BP) oil production in Azerbaijan decreased to 19 million tons in the first half of 2011 from 20.2 million tons a year earlier. Gas output also was lower in this period, 3.06 billion cubic meter versus 3.6 bcm a year earlier.
3) ConocoPhillips (NYSE:COP) found new leaks in the Penglai 19-3 oilfield. The original leak was on June 17, and so far ConocoPhillips cleaned 90% of oil mud that was released.
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