Search results for: Marathon Oil

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  • 3 May 2018

    Houston-based energy company and operator of the Equatorial Guinea LNG plant, Marathon Oil, swung to a first-quarter profit as its production increased. 

  • 4 August 2016

    Houston-based energy company and operator of the Equatorial Guinea LNG plant, Marathon Oil has reduced its losses by more than a half in the second quarter of this year. Marathon reported a second-quarter net loss of $170 million, or 20 cents per share, compared with a net loss of $386 million, or 57 cents per share, […]

  • 7 March 2018
    Business & Finance

    U.S.-based oil company Marathon Oil Corporation has named two new members to the company’s board of directors.

  • 1 July 2019
    Business & Finance

    RockRose Energy has now completed the acquisition of 100% of Marathon Oil U.K. (MOUK) and 100% of Marathon Oil West of Shetland Limited (MOWOS) from subsidiaries of Marathon Oil Corporation. 

  • 10 May 2018

    Marathon Oil Corporation and its partners executed a heads of agreement with Equatorial Guinea government and third parties to process third-party natural gas at the EG LNG plant. 

  • 31 January 2011

    Marathon Oil Corporation announced today that the Company’s board of directors has declared a dividend of 25 cents per share on Marathon Oil Corporation common stock. The dividend is payable March 10, 2011, to stockholders of record on Feb. 16, 2011. [mappress] Source: Marathon Oil, January 31, 2010;

  • 12 April 2016

    Marathon Oil, a global exploration and production company based in Houston, has signed agreements for the sale of certain non-core assets for $950 million, including its 10 percent interest in the Shenandoah discovery in the Gulf of Mexico.  According to the oil company, these agreements bring the total to approximately $1.3 billion in sale of assets since […]

  • 24 February 2017
    Business & Finance

    Oil and natural gas exploration and production company Marathon Oil has appointed a new executive vice president and chief financial officer (CFO), with an anticipated effective date of March 6, 2017. The company informed on Thursday it chose Dane Whitehead for the two roles. Whitehead has most recently served as executive vice president and CFO […]

  • 14 June 2013

    Clarence P. Cazalot, Jr, chairman, president and CEO of Marathon Oil Corporation has elected to retire on Dec. 31, 2013, after almost 14 years leading Marathon Oil and 41 years in the oil and gas industry. Cazalot will continue as executive chairman through Dec. 31, 2013. The Marathon Oil board of directors has elected Lee […]

  • 22 August 2016
    Business & Finance

    Marathon Oil, a global exploration and production company based in Houston, has undergone several executive changes and is currently searching for a new CFO. Marathon said on Monday that Mitch Little was promoted to executive vice president of Operations and will oversee the Resource Play and Conventional businesses. Little, who is currently vice president of Conventional, previously […]

  • 28 August 2013
    Business & Finance

    Marathon Oil Corporation announced today that Janet F. Clark, executive vice president and chief financial officer (CFO), has elected to retire on Oct. 1, 2013, after serving almost 10 years as the Company’s CFO. The Marathon Oil board of directors has elected John R. (“J.R.”) Sult to succeed Clark as executive vice president and CFO […]

  • 3 October 2012
    Business & Finance, Operations & Maintenance

    Marathon Oil Norge AS announced it has taken over the role as operator for the Vilje field in production licence (PL) 036 D. Vilje is a producing oil field located approximately 20 kilometres northeast of the Marathon operated Alvheim field. The Vilje field is developed with two subsea wells connected to the Alvheim floating, production, […]

  • 5 November 2015

    Marathon Oil, a U.S.-based oil and gas exploration and production company, has posted a loss in the 3Q 2015 due to low oil price and changes in company’s exploration strategy.  The Houston-headquartered company on Wednesday reported a third quarter 2015 net loss of $749 million, compared to a net profit of $431 million in the […]

  • 11 August 2014
    Business & Finance, Project & Tenders, Research & Development

    Marathon Oil Corporation, through its wholly owned subsidiary Marathon Oil Exploration Limited, has announced it has signed an exploration and production sharing contract (EPSC) for Gabon offshore Block G13, which was named Tchicuate upon signing, located in the deepwater, pre-salt play. The Company was the high-bidder on the block in Gabon’s licensing round in October […]

  • 31 January 2011
    Business & Finance

    Marathon Oil Corporation announced today that the Company’s board of directors has declared a dividend of 25 cents per share on Marathon Oil Corporation common stock. The dividend is payable March 10, 2011, to stockholders of record on Feb. 16, 2011. Marathon Oil Corporation is an integrated international energy company engaged in exploration and production; […]

  • 10 September 2012
    Business & Finance, Operations & Maintenance

    KD Marine announces that they will be completeing work for Marathon Oil UK LLC in September. The contract is to carry out subsea work on Marathon Oil’s East Brae platform in the North Sea. KD Marine will use their custom built Daughter Craft, which will be launched from a larger support vessel, to move into […]

  • 5 August 2014

    Marathon Oil Corporation  reported second quarter of 2014 adjusted net income was $603 million, compared to adjusted net income in the second quarter of 2013 of $478 million. During the quarter, Marathon Oil entered into an agreement to sell its Norway business, which is now reflected as discontinued operations. Adjusted income from continuing operations, which […]

  • 18 July 2016

    Marathon Oil Corporation has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea.

  • 10 April 2012

    Marathon Oil Corporation announced that it has entered into a definitive agreement with Hilcorp Alaska LLC, under which Hilcorp will purchase substantially all of Marathon Oil’s Alaska assets. The companies expect to close the transaction, subject to completion of the necessary Government and regulatory approvals, by this fall. With an effective date of Jan. 1, […]

  • 2 June 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    Marathon Oil Corporation has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon Oil’s wholly owned subsidiary, Marathon Oil Norge AS, for a total transaction value of $2.7 billion. After adjustment for debt, net working capital and interest on the net purchase price, Marathon Oil expects net […]

  • 3 October 2012

    Marathon Oil Norge AS has taken over the role as operator for the Vilje field in production licence (PL) 036 D offshore Norway. Vilje is a producing oil field located approximately 20 kilometres northeast of the Marathon operated Alvheim field in the Norwegian sector of the North Sea. The Vilje field is developed with two […]

  • 16 February 2017
    Business & Finance

    Marathon Oil on Wednesday posted a wider net loss for the fourth quarter 2016 due to a tax-related charge and said it would double its capital spending for 2017.  In a quarterly report on Wednesday, the company posted a fourth quarter 2016 net loss of $1.37 billion. This compares to $793 million net loss in […]