Marathon Oil signs deal with Glencore for Alba gas in Equatorial Guinea reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Marathon Oil said on Monday
it had entered into a five-year liquefied natural gas
sales agreement with a unit of Glencore for a portion
of its equity natural gas produced from the Alba Field.
U.S. oil major Exxon Mobil is
in advanced talks to buy shale producer Pioneer Natural
Resources at about $60 billion, sources familiar with
the matter said. Here is how the deal could.
The deal is for oil- and gas-producing fields that would more than double Exxon's production of oil and gas from the largest oilfield in the United States, the Permian. Exxon produced about 620,000 barrels of oil equivalent per day (boepd) in the Permian basin in the second quarter, while Pioneer's output in the basin averaged 711,000 boepd in the same period. Exxon would also acquire Pioneer's leases for land in the Permian that would give it potential to grow production.
Exxon-Pioneer megadeal Q&A streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.