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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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May 20, 2015
07:26 EDTMROUBS to hold a conference
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May 17, 2015
18:21 EDTMROMarathon Oil seeks buyers for East African onshore blocks, Reuters says
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May 11, 2015
08:21 EDTMROMitsubishi UFJ to hold a tour
Energy Tour travels throughout Houston and San Antonio, Texas to meet with various energy companies on May 11.
08:04 EDTMROCredit Suisse to hold a symposium
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