- Marathon Oil (MRO) agrees to sell its Norwegian business to Det Norske Oljeselskap (DETNF) in a deal valued at ~$2.7B, as it focuses on its U.S. operations.
- The sale includes the MRO-operated Alvheim FPSO vessel, 10 company-run licenses and some non-operated licenses on the Norwegian continental shelf; last year's net production in Norway averaged ~80K boe/day.
- MRO says it abandoned plans to sell its U.K. North Sea business after failing to attract an acceptable offer.
From other sites
at Zacks.com (Mar 2, 2015)
at Benzinga.com (Feb 20, 2015)
at Nasdaq.com (Feb 12, 2015)
at MarketWatch.com (Jan 14, 2015)
at Nasdaq.com (Jan 14, 2015)
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