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Stock Market & Financial Investment News

News Breaks
June 2, 2014
05:04 EDTMROMarathon Oil to sell Norway business for $2.7B
Marathon Oil announced 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 $2.7B. After adjustment for debt, net working capital and interest on the net purchase price, Marathon Oil expects net proceeds of approximately $2.1B at closing. The effective date of the transaction is Jan. 1. The companies expect to close the transaction in Q4. The sale includes the Marathon Oil-operated Alvheim floating production, storage and offloading vessel, 10 Company-operated licenses and a number of non-operated licenses on the Norwegian Continental Shelf in the North Sea. FY13 net production in Norway averaged approximately 80,000 barrels of oil equivalent per day.
News For MRO From The Last 14 Days
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September 17, 2014
07:40 EDTMROUBS to hold a conference
Houston Energy Bus-less Tour is being held in Houston on September 17-19 with webcasted company presentations to begin on September 17 at 8:30 am; not all company presentations may be webcasted. Webcast Link
September 15, 2014
07:23 EDTMROHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 9, 2014
10:10 EDTMROOn the Fly: Analyst Upgrade Summary
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09:08 EDTMROMarathon Oil upgraded to Buy from Accumulate at Tudor Pickering
September 8, 2014
07:33 EDTMROMarathon Oil price target raised to $50 from $45 at Oppenheimer
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