Posts Tagged ‘Marathon Oil’

Total says informed Libyan authorities of Marathon Oil deal

  • 25 April 2018 - 18:00
Total says informed Libyan authorities of Marathon Oil deal

French Total said on Wednesday it had informed Libya’s authorities of plans to acquire Marathon Oil’s stake in the Waha field for $4.5 billion even though it believed it did not require their consent. “The deal with Marathon has closed and Total owns Marathon’s stakes in Libya. On the...

French oil giant Total buys US MRO.N stake at Libya’s Waha oilfield for $450 million

  • 3 March 2018 - 10:11
French oil giant Total buys US MRO.N stake at Libya’s Waha oilfield for $450 million

French energy company Total (TOTF.PA) substantially raised its presence in Libya with the purchase of a 16.33 percent stake in Libya’s Waha concessions from U.S. Marathon Oil (MRO.N) for $450 million on Friday, Reuters reported. The deal will give Total access to reserves and...