Sunday, January 5, 2025

Marathon Oil Looks to Exit North Sea, Joining Other U.S. Rivals

From Reuters Marathon Oil has launched the sale of its British North Sea oil and gas fields, a document seen by Reuters showed, the latest U.S. firm to retreat from the basin to focus on onshore shale production at home. The sale includes stakes in the BP-operated Foinaven fields in the west of Shetland area as well as interests in