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In July 2024, Marathon agreed to a $241.5 million settlement with the US Department of Justice and the Environmental Protection Agency to resolve allegations of failing to obtain required permits at dozens of the company's oil and gas facilities on the Fort Berthold Indian Reservation in North Dakota and releasing thousands of tons of illegal air pollution as a result. [30]
The Galveston Bay Refinery is an oil refinery located in the Texas City, Texas Industrial Complex on the edge of Galveston Bay.It is the largest oil refinery in North America with a capacity of 631,000 barrels per day [1] and has been owned and operated by Marathon Petroleum Corporation since 2013.
The two major early operators of the field, Ohio Oil and Mid-Kansas, merged in 1962 to form Marathon Oil, which ran the field until 2003. By 1966 production had diminished due to depletion of many of the major reservoirs, and between 1968 and 1972 Marathon operated a waterflooding program on the west side of the field, along with a CO 2 ...
May 30—ConocoPhillips and Marathon Oil just jumped on the merry-go-round of mergers that the energy industry has seen in recent months with ConocoPhillips having been the last of the major oil ...
Marathon Petroleum Corp. is seeking to renew for another 10 years the Texas air permit regulating pollution from much of its large oil refinery dominating the landscape in East-Central El Paso.
ConocoPhillips (NYSE: COP) made a splash on May 29 when it announced an all-stock acquisition of Marathon Oil (NYSE: MRO).The purchase price represents a 14.7% premium to the closing price of ...
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
The sale of the refinery was successfully completed at the start of 2013 to Marathon Petroleum Corporation for US$2.5 billion. [3] [176] Marathon already owned the adjoining Galveston Bay Refinery and in 2018 merged the two sites into one refining complex. [177] Two congressional hearings were held specifically on the Texas City disaster. Among ...