Upside: Marathon Oil chief executive Clarence Cazalot
By Vahe Petrossian
14 February 2013 06:14 GMT
Marathon Oil of the US plans to sell its stake in the consortium running Libya’s Waha oilfields, in what could be a potential blow to the North African producer’s credibility as it tries to revive its oil and gas sector amid post-revolution anarchy.
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Privately held US player Samson Energy plans to sell off its deep-water oil and gas business, a portfolio that includes stakes in a number of high-profile Gulf of Mexico discoveries and prospects.
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