HitecVision AS (OTCNO:HITV) and its British unit Neo Energy Ltd. have entered exclusive negotiations to buy Exxon Mobil Corporation (NYSE:XOM)'s upstream assets in the central and northern North Sea, Hitec said on January 21, 2021. Bids for ExxonMobil's British North Sea oil and gas fields, which were expected to fetch about $1 billion, were due on October 28, 2020 two sources with knowledge of the process told Reuters in September 2020. “HitecVision/NEO Energy have entered exclusive negotiations to purchase ExxonMobil's upstream assets in the central and northern North Sea, which, if successful, are expected to result in a signed sales agreement in the first quarter, with close later in the year,” it said.