Search results for: Marathon

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  • 26 May 2011
    Business & Finance

      Marathon Petroleum Norge AS, a wholly-owned subsidiary of Marathon Oil Corporation , has signed an agreement with RWE Dea Norge AS to acquire a 30 percent working interest in production licence (PL) 330  in the northern Norwegian Sea. “This transaction is part of our ongoing efforts to ensure Marathon’s asset portfolio in Norway is […]

  • 6 August 2013

    Noble Corporation, a Swiss-headquartered drilling contractor which recently announced it was contemplating a move to the UK, is preparing for a trial against Marathon Oil Corporation. In its quarterly filing, delivered yesterday to the United States Securities and Exchange Commission, Noble said it expected the trial, in which Noble is seeking damages from Marathon for a cancelled $752 […]

  • 9 September 2010

    Marathon Oil Corporation  provided an updateon its Droshky development in the deepwater Gulf of Mexico, which began operations on time and under budget on July 15, 2010, and has since ramped up production to approximately 45,000 net barrels of oil equivalent per day (boepd), consisting of approximately 39,000 barrels per day of liquid hydrocarbons and […]

  • 19 July 2010

    Marathon Oil Corporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. Marathon owns a 100 percent working interest in Droshky, which is expected to produce approximately 50,000 net barrels of oil equivalent per day at its peak, consisting of approximately 45,000 barrels per day […]

  • 3 December 2010
    Business & Finance, Project & Tenders

    Noble Corporation  announced that a subsidiary has received notice from Marathon Oil Company (Marathon), its customer for the ultra-deepwater semisubmersible Noble Jim Day, of Marathon’s intent to exercise its right of termination if the unit does not commence operations by December 31, 2010. As previously disclosed, Marathon has the right to terminate the drilling contract […]

  • 1 October 2012

    The Petroleum Safety Authority Norway (PSA) has granted Marathon Oil Norge AS (Marathon) consent to use the facilities on the Vilje field in connection with the company assuming operatorship from Statoil as of 1 October 2012. A change of operatorship entails that the new operator must apply for consent to use the facilities. This is […]

  • 4 October 2018

    The U.S. oil company Marathon Oil is reportedly looking to exit the UK North Sea business to focus on the U.S. onshore.

  • 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; […]

  • 13 December 2010
    Business & Finance

    Marathon Oil Corporation (NYSE: MRO) announced today the results of the deepwater Bravo-1 well drilled in the northeastern portion of the Pasangkayu production sharing contract (PSC) area offshore the island of Sulawesi in the Makassar Strait, Indonesia. Marathon, through its wholly owned subsidiary Marathon International Petroleum Indonesia, is operator and holds a 70 percent working […]

  • 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;

  • 8 July 2011
    Business & Finance, Operations & Maintenance

      Hyperdynamics Corp. announced that it has appointed Paul C. Reinbolt as its new Chief Financial Officer and Executive Vice President. Reinbolt will join the company effective August 8. Reinbolt is retiring from Marathon Oil Corporation after more than 30 years with the company, most recently serving as Vice President-Finance and Treasurer. In this role […]

  • 27 October 2010

    Marathon Oil Corporation announced today that Pierre R. Brondeau has been elected to the Company’s board of directors, effective Jan. 1, 2011. Brondeau is president, CEO and chairman of the Board of Philadelphia-based FMC Corporation, the diversified chemical company that serves agricultural, industrial and consumer markets globally. “Marathon is very pleased to welcome Pierre Brondeau […]

  • 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, […]

  • 3 December 2015
    Exploration & Production, Project & Tenders

    Marathon Oil Corporation, an exploration and production company based in Houston, has abandoned its wildcat well in the U.S. Gulf of Mexico.  Marathon said on Wednesday that the Solomon exploration well in the Gulf of Mexico had reached its total depth of approximately 34,600 feet on Walker Ridge Block 225. The well did encounter the lower […]

  • 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 […]

  • 4 January 2011
    Business & Finance, Project & Tenders

    Noble Corporation  today reported that Marathon Oil Company  has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon’s stated reason for the termination was that the rig had not been accepted by Marathon by December 31, 2010. Noble believes the rig is ready to commence […]

  • 4 August 2010
    Business & Finance, Project & Tenders

    Marathon Oil Corporation  today reported second quarter 2010 net income of $709 million, or $1.00 per diluted share. Net income in the second quarter of 2009 was $413 million, or $0.58 per diluted share. For the second quarter of 2010, net income adjusted for special items was $792 million, or $1.11 per diluted share, compared […]

  • 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 […]

  • 2 February 2011
    Business & Finance

      “Having completed a number of major investment projects over the last few years, Marathon’s 2011 budget has shifted toward an emphasis on more scalable and lower-risk activities, largely aimed at liquids rich opportunities such as the Bakken, Anadarko Woodford, Eagle Ford and Niobrara resource plays in the U.S.,” said Clarence P. Cazalot, Jr., Marathon […]

  • 26 June 2013
    Business & Finance

    After it was previously announced that China’s Sinopec has reached an agreement to buy Marathon’s stake in Block 31, offshore Angola, the US-based oil company has confirmed the deal today. Marathon Oil Corporation announced that its subsidiary, Marathon International Oil Angola Block 31 Limited, has entered into a definitive agreement to sell its 10 percent working […]

  • 12 January 2011

    The Board of Directors of Marathon Oil Corporation announced today that it has approved moving forward with plans to spin off Marathon’s downstream business, creating two independent, highly focused energy companies. Marathon Petroleum Corporation (MPC), to be headquartered in Findlay, Ohio, is expected to be the fifth largest U.S. refiner with a top-tier downstream portfolio […]