LNG

Marathon Oil Corp., the US company and main shareholder in Equatorial Guinea LNG in West Africa as well as a key operator in the major US shale basins, reported solid earnings amid the effects of lower prices offset by the further development of the Equatorial Guinea Regional Gas Mega Hub (GMH) project.

Marathon Oil Corp. has entered into a five-year firm liquefied natural gas sales agreement with Glencore Energy UK for a portion of its equity natural gas produced from the Alba Field offshore the West African nation of Equatorial Guinea.

Marathon Oil Corp., the US company and shareholder in Equatorial Guinea LNG in West Africa, has signed an accord with a unit of US major Chevron to progress with the development of the Equatorial Guinea Regional Gas Mega Hub (GMH) project.

Marathon Oil Corp., the shareholder in Equatorial Guinea LNG in West Africa, has completed the acquisition of 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 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.

March 22 (LNGJ) - Marathon Oil Corp., whose energy interests include the Equatorial Guinea LNG production plant in West Africa as well as widespread US interests, has signed a definitive agreement to acquire 21,000 net acres largely in the Permian's Northern Delaware basin of New Mexico from Black Mountain Oil & Gas and other private sellers for $700 million in cash. “The 21,000 acre bolt-on in the Northern Delaware is an excellent fit with the basin entry acquisition we announced earlier this month,” said Marathon President and Chief Executive Lee Tillman. “The combined deals provide us more than 90,000 acres in the Permian, over 70,000 of which is concentrated in the Northern Delaware,” added Tillman.

Feb 24 (LNGJ) - Marathon Oil, the US company whose assets include the Equatorial Guinea LNG export plant in West Africa and US shale interests in areas such as the Eagle Ford in Texas, named Dane Whitehead as its new Chief Financial Officer. Whitehead, aged 55, has most recently served as executive vice president and CFO of EP Energy Corp. He joined El Paso in 2006 and prior to that served as CFO of Burlington Resources Canada. “I look forward to working closely with Dane and expect him to play a key role in driving our strategy and creating long-term shareholder value,” said Lee Tillman, Marathon’s President and Chief Executive.