HOUSTON, June 2 (UPI) -- Marathon Oil Corp. said Monday it sold off its Norwegian subsidiary to its Norwegian counterpart, Det Norske, for $2.7 billion.
"The sale of our Norway assets advances one of our key 2014 priorities and further demonstrates our commitment to rigorous portfolio management to simplify and concentrate our business," Lee Tillman, Marathon Oil's president and chief executive officer, said in a statement Monday.