Posts Tagged ‘marathon’

Boyla nod for Marathon

by on October 26, 2012 11:42 am GMT
The US independent plans to develop the North Sea oil and gas field as a subsea tie-back to its operated Alvheim field, with recoverable reserves at Boyla estimated by Marathon at 23 million barrels of oil equivalent.The Alvheim floating production, storage and offloading vessel will require minimal modifications to

Marathon confirms Athabasca sale bid

by on October 24, 2012 2:44 pm GMT
Although the company has not named interested parties, Indian state-owned Oil & Natural Gas Corporation was earlier reported to be planning to approach Marathon about acquiring half of the holding.Marathon said on Wednesday it was “engaged in discussions” for a potential sale, though it said possible proceeds have

Marathon looks to exit Marcellus shale

by on October 23, 2012 9:34 am GMT
Marathon looks to exit Marcellus shaleBY BEN LEFEBVRE and SHARON TERLEPHOUSTON – Marathon Oil Corp. is putting its natural gas-rich acreage in the Marcellus Shale formation up for sale as it trims non-core assets, people familiar with the situation said.Marathon Oil is putting about 80,000 acres in West

Maersk secures $694m contract

by on October 23, 2012 7:07 am GMT
The deal will see the drillship undergo a three year charter in the US Gulf of Mexico, with options for up to an additional two years."We are pleased to having been able to customize a drilling contract with ConocoPhillips and Marathon Oil combining their respective drilling programmes into a