Exxon Mobil Corp. has asked a Texas federal judge to allow it to depose California municipal government officials who sued it and other oil companies over the threat of rising sea levels to their jurisdictions.
A Marathon Petroleum Corp. unit sued BP Plc subsidiaries over claims they left parts of BP’s former Texas City refinery in shoddy condition and lied about unfinished repairs and inspections when selling the complex to Marathon.
Noble Energy Inc. and Marathon Oil Corp. are weighing bids for Silver Hill Energy Partners, a Permian Basin explorer that could fetch more than $2 billion in a sale, according to people familiar with the matter.
Marathon Oil has agreed to buy PayRock Energy Holdings for $888million from venture capital firm EnCap Investments, increasing its stake in the Anardarko Basin STACK play in Oklahoma.
Scotland has the opportunity to be at the heart of a $100billion decommissioning industry, more than double the value previously estimated, according to the chairman of the industry body Decom North Sea.
Marathon Oil insisted last night it had still not submitted any plans for decommissioning one of the North Sea’s oldest producing fields to the UK Government.
Workers have been rescued from Marathon Oil’s building in Houston. The incident happened yesterday after the employees became trapped in a basket outside the 20th floor of the building. Around 40 firefighters were called to the scene to help free the window washers who are believed to have got stuck following a power outage.
Marathon Oil Corp., which is joining a slew of U.S. producers selling equity to shore up their finances during the worst market rout in a generation, increased the size of the deal. The stock slid as shares outstanding will rise by about 20 percent.