Posts Tagged ‘total’

Libya’s NOC to withhold Total-Marathon oil deal

  • 3 May 2018 - 17:19
Libya’s NOC to withhold Total-Marathon oil deal

The Libyan National Oil Corporation (NOC) will withhold Total’s share of crude from the Waha concession as a dispute drags on over the French oil major’s purchase of Marathon’s stake in the concession two months ago, Libyan oil and industry sources said. Total closed a $450 million deal to...

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...