Marathon Plans To Unload European Oil, Gas Assets

Law360, New York (December 11, 2013, 1:14 PM EST) -- Continuing its shift toward exploration and production in North America, Marathon Oil Corp. said Wednesday that it will put production operations in Europe on the block, while sinking the majority of its $5.9 billion 2014 spending plan into developing its North American assets.

At the company's annual analysts' day, Marathon said it would unload assets in Norway and the U.K. as part of its effort to streamline its portfolio, a process that has seen the company close or agree on $3.5 billion in noncore asset divestitures...
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