Equatorial Guinea LNG shareholder Marathon Oil acquires US Eagle Ford assets and explains gas price impacts
Marathon Oil Corp., the shareholder in Equatorial Guinea LNG in West Africa, has agreed to acquire natural gas assets in the US from private equity-backed firm Ensign Natural Resources for $3 billion in cash to almost double its position in the Eagle Ford shale basin of South Texas.
Marathon signs accord to process third-party volumes at onshore Equatorial Guinea LNG
Marathon Oil Corp. and its partners said they signed an agreement with the Government of Equatorial Guinea and third parties to establish the framework for processing natural gas volumes at the onshore liquefaction plant at Punta Europa on Bioko Island.
Marathon Oil posts steady Equatorial Guinea LNG output and still offers third-party access
Marathon Oil said the onshore Equatorial Guinea liquefaction and export plant on Bioko Island produced 5,541 tonnes of LNG per day during the first quarter amid planned maintenance activities as it reiterated its openness to offers of third-party feed-gas volumes.
