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Marathon and Partners Achieve First Oil and Gas Production From Neptune Development in the Deepwater Gulf of Mexico

HOUSTON, July 6 -- Marathon Oil Corporation (NYSE: MRO) and its partners, announced today that the Neptune development in the deepwater Gulf of Mexico has begun production of oil and natural gas. Neptune is being de...

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Steve needs a hurricane

Gov. Steve Beshear rages about gas prices in Louisville, but what he really needs is a hurricane. Hurricane Katrina allowed Gov. Ernie Fletcher to declare a state of emergency in Kentucky in 2005, which triggered our 2004 price gouging law, enabling Attorney General Greg Stumbo to sue Marathon Oil for price gouging. That law was ridiculous, which inspired the General Assembly to make it somewhat less...

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Kentucky's failed gas price strategy drags on

Kentucky's first-in-the-nation price-gouging lawsuit against Marathon Oil filed by then-Attorney General Greg Stumbo should go to trial next year, according to AG Communications Director Allison Gardner Martin. Retail gasoline prices have doubled since Stumbo sued under an old Kentucky law that was repealed in 2007 . You may recall the trigger for the original Kentucky lawsuit was a state-of-emergency...

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FROM OUR READERS: Refinery helps fuel state growth

At a time when many companies are scaling back or leaving our great state, Marathon Oil is forging ahead with a 2 1/2 -year project to expand its Detroit refinery at a cost of nearly $2 billion. This is welcome news for Detroit and Michigan.

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Marathon extends contract for Noble rig

Marathon Oil Corp. has exercised its option to extend its drilling contract for (MRO) (NE)

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Marathon Oil Begins Construction of Detroit Refinery Heavy Oil Upgrader

Marathon Oil has announced that construction of the $1.9 billion heavy oil upgrading project at its Detroit refinery is underway following issuance of an air quality permit by the Michigan Department of Environmental Quality.

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Marathon refinery gets OK to expand

Michigan's only gasoline refinery, Marathon Oil in southwest Detroit, received final permission Friday to begin a $1.9-billion expansion of its plant, which will create 800 construction jobs and more than 100 permanent jobs and, possibly, give some gas price relief in 2011 to drivers in southeast Michigan.

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Marathon Oil Begins Construction on Detroit Refinery Heavy Oil Upgrade Project

Marathon Oil Corporation has begun construction of the estimated $1.9 billion heavy oil upgrading project at its Detroit refinery, following issuance of an air quality permit by the Michigan Department of Environmental Quality (MDEQ).

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Marathon Oil approved for $1.5 billion expansion in Detroit

Marathon Oil, which operates Michigan's only refinery, won permission today from state environmental officials for its planned $1.5 billion expansion in southwest Detroit.

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Ashland, Marathon owe $14M in taxes for 2005 sale

A 2005 deal to end a joint venture has left Ashland Inc. and Marathon Oil Corp. with a $14.1 million tax bill. (MRO) (ASH)

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Roadblocks put up after leak at Texas City plant

Traffic control roadblocks were being set up around the Marathon Oil Corp. plant here today after the company reported a leak in one of its tanks, Texas City police said.

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Analyst labels Marathon a takeover candidate

Marathon Oil climbed the most in a month after Sanford C. Bernstein & Co. said the fourth-largest U.S. oil company may be acquired.

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Hess Corp. draws praise as FBR lifts earnings targets

NEW YORK (MarketWatch) -- FBR Capital Markets on Monday raised its earnings targets by about 25% for Hess Corp. , Occidental Petroleum , Murphy Oil Corp. and Marathon Oil to reflect the higher price of crude oil. Analyst Eitan Bernstein lifted his price target for West Texas Intermediate Crude to $115 a barrel from $90 a barrel for 2008 and forecast 2009 oil prices of $110 a barrel, up from $85 a...

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Linda Capuano Made VP at Marathon Oil

Marathon Oil Corporation (NYSE: MRO) appointed Linda Capuano Vice President, Emerging Technologies. Linda, who holds a Master's in Engineering Management and a Doctorate in Material Sciences from Stanford University, had been Senior Vice President, Design and Engineering Services at Solectron...