Marathon Oil Company
Our mission is to find, produce and deliver petroleum, natural gas and other energy-related products which enrich the lives of our customers and fuel the world's economy. In carrying out this purpose, we will create wealth for our shareholders and opportunities for our employees. We will achieve operational and financial objectives with a high regard for safety and environmental stewardship.
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Recent Articles
EnerMech Clinches UK North Sea Crane Contract
Wednesday, February 03, 2010 - EnerMech has won a contract worth an estimated $16.5 million to provide crane operations and maintenance for Marathon Oil UK Ltd.
Marathon Oil Maintains Strong Balance Sheet
Tuesday, February 02, 2010 - "In the face of one of the most challenging economic environments in decades, Marathon successfully executed a substantial capital investment program designed to focus on profitable growth," said Clarence P. Cazalot, Jr., Marathon president and CEO.
Marathon Trims 2010 Capex by 17% to $5.1B
Monday, February 01, 2010 - Marathon Oil has earmarked a $5.1 billion capital, investment and exploration budget for 2010, a 17% decrease from 2009 capital spending.
Tuesday, January 19, 2010 - On location at Alvheim, the Songa Dee semisub was struck by a supply boat on Monday evening. Field operator Marathon confirmed that neither the rig nor its crew suffered any damages from the incident.
Marathon Oil Estimates Sold Production at 410,000 boepd
Wednesday, January 13, 2010 - Marathon Oil's liquid hydrocarbon and natural gas production sold during the fourth quarter is estimated to be approximately 410,000 barrels of oil equivalent per day (boepd) from continuing operations.
Friday, December 11, 2009 - Sonangol's wholly owned subsidiary has signed an agreement to purchase a 20% undivided working interest in Angola Block 32 from Marathon.
Wednesday, December 02, 2009 - Marathon has concluded the drilling of wildcat well 25/4-10 A on the South Kneler prospect, which encountered gas and was drilled about six kilometers south of the production vessel on the Alvheim field in the North Sea.
Marathon on the Prowl in Poland's 'Unconventional' Gas Fields
Friday, November 20, 2009 - Houston-based Marathon is joining other big oil companies in tapping the eastern European oilpatch.
Marathon Reinforces Business Strategy, Plans for Growth
Thursday, November 19, 2009 - "Through a combination of well-executed exploration and selective acquisitions, Marathon has tripled the Company's resource base since 2001, with a resource life approaching 40 years," said David E. Roberts, Jr., executive vice president, Upstream.
Thursday, November 19, 2009 - An oil column was encountered at well 25/4-10S on the Viper prospect in the Norwegian North Sea. The discovery will likely be developed as a subsea tieback to the Alvheim FPSO.
Marathon Oil Approves Increase in Exchangeable Share Ratio
Wednesday, November 18, 2009 - Marathon Oil's board of directors declared a dividend of 24 cents per share on Marathon Oil Corporation's common stock.
Drilling Operations Concluded at North Dakota Bakken Well
Tuesday, November 10, 2009 - Basic Earth Science Systems reported that drilling operations on the Paulson 44-9H, a horizontal Bakken well located in Section 9, T146N R93W, Dunn County, North Dakota, has concluded.
Monday, November 09, 2009 - Several major oil companies in the Gulf of Mexico have shut-in production and evacuated workers as tropical storm Ida heads for the offshore oil patch today.
Tuesday, November 03, 2009 - "Marathon's strong and balanced portfolio of businesses performed well in the third quarter, despite ongoing uncertainties throughout the global economy," said Clarence P. Cazalot, Jr., president and CEO of Marathon.
Tuesday, November 03, 2009 - Marathon Oil confirmed that work is under way to install flowlines that will tie back the Droshky wells to the third-party operated Bullwinkle platform.
Tuesday, November 03, 2009 - Marathon Oil confirmed that the Athabasca Oil Sands Project (AOSP) Expansion 1 is on track and anticipated to begin mining operations in the second half of 2010, and upgrader operations in late 2010 or early 2011.
Jurong Completes 2 Noble Semisubs On Schedule
Thursday, October 29, 2009 - Jurong Shipyard has successfully completed two Bingo 9000 design ultra-deepwater semisubmersible drilling rigs, Noble Jim Day and Noble Danny Adkins, for Noble Drilling on schedule.
Wednesday, October 21, 2009 - CSL's Houston operation has secured a contract to provide Top Tensioned Riser engineering validation and installation support to Marathon's Ozona project, a subsea tieback to Shell's Auger tension leg platform in the Gulf of Mexico.
Wednesday, October 21, 2009 - Marathon Petroleum Norge has been granted consent to carry out exploration drilling in the northern North Sea with the Songa Dee semisub.
Wednesday, October 21, 2009 - Marathon will drill an exploration well in production license 203, situated between the Alvheim and Volund fields, using the Transocean Winner semisub.
