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03.06.2014 Marathon announces $2.7 billion sale of Norway business

Marathon Oil Corporation (NYSE: MRO) announced on June 2 that it 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 $

03.06.2014 Marathon not to sell UK offshore assets

Marathon Oil is no longer looking to sell its UK offshore assets, it has been announced, BBC reported on June 2.

Marathon operates the Brae complex, and also has stakes in the East Brae and Braemar fields as well in the Foinaven project west of Shetland.

20.05.2014 Six firms eye Montenegro's oil and gas exploration

Six companies from the USA, Austria, Italy, Russia, Greece and Great Britain submitted three offers at the public tender for awarding concessions for oil and gas exploitation in the offshore of Montenegro, Balkans.com reported on May 19. The companies are:

13.03.2014 Poland promises tax breaks to shale gas explorers

The Polish cabinet has approved a belated draft law that will offer a six-year tax break for companies involved in the extraction of shale gas, PAP reported on March 12. 

05.02.2014 U.S. fines three oil companies for wrongly classifying shipments

Three oil companies operating in North Dakota were fined $93,000 on February 4 for wrongly classifying fuel shipments in the first sanctions since a series of fiery derailments put the energy industry under a spotlight, Reuters has reported.

12.12.2013 Marathon Oil to Run More Rigs in US, Sells Assets in Europe

Marathon Oil Corp will increase the number of rigs running in its oil-producing fields in Texas and North Dakota next year and try to sell assets in Norway and the United Kingdom, Chief Executive Lee Tillman said in an interview, Reuters reported on December 11.