Thursday, 9 March 2017

Marathon announces multi-billion-dollar oil sands divestiture, Permian acquisition

Marathon Oil Corporation announced today that it has signed an agreement to sell its Canadian subsidiary, which includes the Company's 20% non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for $2.5 billion in cash, excluding closing adjustments. ...»

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