Tag: Marathon Oil

Marathon cuts 2015 capital spending by another $1 billion

The cut is the second the company has made since crude prices began falling last summer.  More »

Canadian oil company cuts more than $2 billion from 2015 budget

It joins a slew of competitors of various sizes, from Marathon Oil to Continental Resources to ConocoPhillips, who have all cut their planned 2015 capital budgets as well.  More »

Southwestern — unlike peers — plans to boost 2015 spending

Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.  More »

Marathon evacuates personnel from two North Sea platforms

About 75 workers were transferred to shore from the Brae Alpha and Brae Bravo platforms.  More »

Chevron abandons Arctic drilling plans

Chevron told Canada’s National Energy Board Wednesday that it would pull out of Beaufort Sea.  More »

Marathon Oil will cut more than $1B from 2015 budget

Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.  More »

Marathon Oil, Total strike oil in Kurdistan

The Houston-based independent oil and gas company said Monday that the Jisik-1 exploration well discovered multiple stacked oil and natural gas producing zones at its Harir Block in the northern reaches of Iraq.  More »

Marathon remains committed to shale drilling despite falling oil price

Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays.  More »

Marathon’s profit falls 24 percent on crude price slump

Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.  More »

Oil producers unite to lobby for crude exports

Fourteen of the nation’s largest independent oil companies are banding together to lobby for the right to export crude around the world. It’s a sign the industry is revving up for a big, coordinated push to dismantle those trade restrictions next year.  More »

Energy companies dominate list of most productive workers

Energy companies have the nation’s most productive employees outside of the financial sector, according to a new USA TODAY data analysis.  More »

Offshore and onshore go hand in hand, execs tell OTC

Predictable oil flows from onshore shale development help balance the risk of more speculative offshore projects, industry executives emphasized Monday.  More »

Shale-oil boom lifts Marathon’s quarterly earnings

Rising oil production in the Eagle Ford Shale pushed Marathon Oil’s profit up 16 percent in the fourth quarter as it utilized more efficient drilling techniques, the company reported Wednesday.  More »

Marathon’s Eagle Ford plan: $2.3 billion next year

The Houston-based Marathon Oil Corp. plans to spend $2.3 billion in the Eagle Ford Shale in 2014. The company will drill between 250 and 260 wells net to Marathon, after industry partners and royalty owners are paid. (In all, Marathon will be operating between 340 and 355 new wells in South Texas). The $2.3 billion [...]  More »

Hurdles remain in push to loosen monopoly grip on Mexico oil

Historic legislation that cleared Mexico’s Congress Thursday could open its oil industry to private investment for the first time in decades, though several steps remain before the nation can draw much-needed international capital to its oil fields.  More »
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