RockRose to buy Marathon Oil’s UK business

RockRose to buy Marathon Oil’s UK business

UK-based oil and gas company RockRose has signed a share purchase agreement to acquire 100% of Marathon Oil U.K. (MOUK) and 100% of Marathon Oil West of Shetland Limited (MOWOS) from subsidiaries of Marathon Oil Corporation. The $140 million agreement was favored by Marathon’s policies to push out of its UK businesses to focus on the U.S. onshore market.