exxonmobil

Already, Exxon Mobil (XOM) agreed last year to sell its 9.43% stake in the network to Njord Gas Infrastructure.

Statoil ADRs are down 3.1%, or $0.90, to $27.96.

ADRs of Statoil ASA (STO) are down as Bloomberg reports that the oil producer--the largest in Norway--is looking at selling a portion of its 28.5% stake in Norwegian gas-pipeline network Gassled to free up capital.

Halliburton will provide a range of well construction services utilizing three drilling rigs to safely deliver the wells, the company said in a statement.

Halliburton shares are down 2.35%, or $1.12, to $47.02.

Shares of Halliburton (HAL) are down as the company said it has been awarded a contract by Exxon Mobil (XOM) Iraq Limited to provide drilling services for 15 wells in the West Qurna oil field located in Southern Iraq.

ExxonMobil, currently the largest company in the world by market capitalization, said it will spend $34 billion this year and between $33 and $37 billion per year through 2015 to increase its production.

Many of the major oil companies have vowed to step up spending in an effort to increase their output as oil prices surge.

ExxonMobil (NYSE:XOM), the largest U.S. oil company, said it plans to spend $100 million per day over the next five years to increase its oil output.