LNG

US major ConocoPhillips has agreed to acquire 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.

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.

The Texas-based Energy Workforce and Technology Council said it had honoured Senator James Inhofe of Oklahoma with the “Champion of American Energy” award for his “relentless and uncompromising commitment” to the US oilfield services industry and the domestic energy sector.