Marathon Oil Corporation News

Cairn announced the appointment of Eric Hathon as Director of Exploration. Dr Hathon, who has more than 25 years experience in the international oil and gas industry, will join Cairn from Marathon Oil Corporation where he held the position of Director Conventional Exploration, based at the company’s Headquarters in Houston, USA. Dr Hathon will succeed Richard Heaton, currently Cairn’s Director of Exploration, who is retiring after 23 years service with the company. Richard will step down from his role following Cairn’s Annual General Meeting in May 2017. Following a handover period, Eric will be responsible for leading all of Cairn’s future exploration activities. He will be a member of Cairn’s Senior Leadership team and will report directly to Simon Thomson, Chief Executive.

On December 19, 2014 Heerema Fabrication Group (Zwijndrecht) awarded Imtech Marine a contract to supply the heating, ventilation and air conditioning (HVAC) system to the 6,000-metric-ton Alba B3 Greenfield compression platform, which is currently under construction for Marathon E.G. Production Limited, a wholly-owned subsidiary of Marathon Oil Corporation. Kees de Kruyf, Imtech Marine Sales Director Global Offshore, said, “A dedicated team from Imtech Marine is deployed on the project, many of the engineers have more than 25 years of experience.

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage towards the US Gulf of Mexico via Singapore to commence a two year contract with ConocoPhillips and Marathon Oil Corporation. Maersk Valiant is the second in a series of four ultra deepwater drillships to enter Maersk Drilling’s fleet. The four drillships represent a total investment of US$2.6-bn and will be delivered from the SHI shipyard in 2014.

Maersk Drilling say that their second and third ultra-deepwater drillships have been named in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Lisa Lance, wife of Ryan M. Lance, chairman and chief executive officer, ConocoPhillips had the honour of naming Maersk Valiant, and Annell R. Bay, Vice President Global Exploration, Marathon Oil Corporation  of naming Maersk Venturer. Maersk Drilling explain that the Maersk Valiant and Maersk Venturer are the second and third in a series of four ultra deepwater drillships to enter their rig fleet.

Heerema Fabrication Group contracted by Marathon E.G. Production to deliver the new Alba B3 greenfield gas compression platform. The Alba Field is a gas and condensate field located approximately 20 miles north of Bioko Island. MEGPL operates the Alba Field on behalf of itself and working interest partners Samedan of North Africa, Inc. a wholly-owned subsidiary of Noble Energy, Inc.and Compania Nacional de Petroleos de Guinea Ecuatorial. The gas compression platform is to be bridge-linked to the existing Alba B2 platform.

Aker Solutions sign contract with Marathon Oil Norge for the delivery of subsea trees to the Alvheim field on the Norwegian continental shelf. The contract includes the delivery of four subsea trees and associated equipment. The contract is part of the frame agreement, covering the North Sea and Europe, between Marathon Oil Norge, a wholly owned subsidiary of Marathon Oil Corporation, and Aker Solutions. "Our dedicated subsea teams in Norway and the UK look forward to execute another project on behalf of Marathon. We are very pleased to continue this positive client relationship," says Knut Røsjorde, head of Aker Solutions' subsea operations in Norway and Africa.

FairfieldNodal has signed a contract with Marathon Oil Corporation for an ocean-bottom node seismic acquisition survey. The survey is scheduled to begin in July and will run through the end of August. Marathon Oil will use the company’s Z3000 system at water depths of 200 to 600 meters in the Gulf of Mexico’s Ewing Bank area. The data acquired will help improve the quality and resolution of Marathon's existing dataset over the area. FairfieldNodal's cable-free ZNodal systems, available worldwide, are designed to acquire data in virtually any terrain or marine depth. Because they are completely self-contained, these small-footprint systems provide continuous data capture.

On March 26, Crowley Maritime Corporation christened the eighth of 10 new 185,000-barrel Articulated Tug-Barge (ATB) tank vessels that the company will take delivery of by 2011. The vessels christened were the tug Achievement and barge 650-8. Sure to be no stranger to the Tampa waterfront, the vessel is scheduled to visit the port once a week as it carries petroleum products for Marathon Oil Corporation. The vessel joins other Crowley owned and or managed vessels - ATB Pride/650-7 and tankers Coast Range…

Transocean Inc. was awarded of a 689-day contract by a consortium headed by Marathon International Petroleum Indonesia Ltd, a wholly owned subsidiary of Marathon Oil Corporation, for the ultra-deepwater drillship GSF Explorer to drill a series of exploration wells in a deepwater province in Indonesia. The Makassar Strait Explorers Consortium (MSEC) comprises Marathon International Petroleum Indonesia Ltd, Anadarko Popodi Ltd, ConocoPhillips (Kuma) Ltd, ENI Bukat Ltd, Statoil Indonesia Karama AS and Talisman (Sageri) Ltd. The 689-day contract is expected to commence in the fourth quarter of 2009 following the completion of existing contractual commitments in Angola and mobilization to the Makassar Strait…

Teekay has purchased two unique liquefied natural gas (LNG) carriers that, in future, may help its customers develop smaller gas fields and open up markets that were previously inaccessible. Teekay acquired two specialized LNG carriers. The Polar Eagle pictured here has been renamed the Polar Spirit. He says the SPB (Self Supporting Prismatic shape IMO Type “B”) cargo tank is a robust design which has been likened to “an egg in a carton.” The tanks can withstand severe cargo sloshing, which conventional membrane-style tanks cannot. Teekay believes their most likely use will be as off-take vessels from floating liquefaction vessels, feeder vessels to Floating Re-gasification and Storage Units (FRSUs) or as trading vessels with their own re-gasification units on deck.

Horizon Offshore, Inc. announced the election of John T. Mills to its board of directors. John T. Mills is senior vice president and chief financial officer of Marathon Oil Corporation. Mills joined Marathon Oil Company in 1976 as a tax specialist. He became chief tax counsel in 1984. In 1986, he became director of taxes and energy for USX Corporation. He was appointed vice president of taxes for USX in 1987. In September 1998, Mr. Mills was appointed senior vice president of finance and administration at Marathon Oil Company. Prior to joining Marathon, Mr. Mills was employed by Coopers and Lybrand for three years. Mr. Mills earned a bachelor's degree in economics from Ohio University in 1969 and a law degree from Ohio State University in 1973.

Keppel Shipyard, a wholly-owned subsidiary of Keppel Corporation Ltd, has secured a Floating Production Storage & Offloading (FPSO) hull conversion contract worth S$84 million from Marathon Petroleum Company (Norway) on MST Odin. The 87,000 dwt multi-purpose shuttle tanker arrived at Keppel Shipyard for the fast track hull conversion on 19 March. Odin will undergo hull upgrading and modification works which involve procurement, construction and installation of the FPSO hull equipment, including shipboard marine systems, cargo, ballast, inert gas, crude oil washing, fire fighting and electrical and instrumentation. The contract also entails the fabrication and installation of topside module support structures…