US oil and gas giant ConocoPhillips has reached a definitive agreement to acquire Marathon Oil for $22.5 billion, including net debt of $5.4 billion. The transaction...
11.02.2015
- US oil group Chevron has announced plans to pull out of Polish shale gas exploration, commenting that exploiting the country's reserves there "no longer compares favorably" with...
15.01.2014
- Italian energy firm Eni apparently plans to give up all of its Polish shale gas permits because of tough geology and an unclear regulatory environment, the same issues that have...
13.06.2013
- Marathon Oil has tapped an Exxon Mobil executive to become its next CEO when Clarence Cazalot retires at the end of the year. Lee Tillman, Exxon Mobil's vice president of...
03.06.2011
- Marathon Oil Corp will buy oil and gas properties in Texas' Eagle Ford shale field for $3.5 billion from private equity firm KKR & Co and Hilcorp Resources Holdings LP, the...
27.04.2011
- Refineries operated by BP, Marathon Oil and Valero Energy, with combined capacities of 765,000 barrels of oil a day, have been hit by power outages in Texas City, Texas, officials...
06.04.2011
- Companies eager to capitalize on the shale revolution are buying up other companies that have deeds to land with access to reserves. Two multibillion-dollar deals in the first...
