MARATHON OIL: EPA’s Claim on Motor Fuel Laws Violations Ongoing

Marathon Oil Corporation, since January 2011, has been involved in the U.S. Environmental Protection Agency’s claim on 18 alleged violations of various statutory and regulatory provisions related to motor fuels, some of which the Company had previously self- reported to…

MARATHON OIL: MSAT II Expenditures Totaled $33MM in 1st-Q. 2011

Marathon Oil Corporation’s actual Mobile Source Air Toxics II (MSAT II) expenditures have totaled US$555 million through March 31, 2011, with US$33 million in the first quarter of 2011.

The Company has finalized its strategic approach to comply with MSAT II…

MARATHON OIL: Party to Six MTBE Contamination Cases in 5 States

Marathon Oil Corporation is a defendant, along with other refining companies, in six cases arising in five states alleging damages for MTBE contamination.

The Company expects additional lawsuits alleging such damages against it in the future.

Headquartered in Houston, Marathon Oil Corporation…

MARATHON OIL: Has Actual Expenditure of $61Mil at 3Q for MSAT II

Marathon Oil Corporation’s actual Mobile Source Air Toxics II (MSAT II) expenditures since inception have totaled US$462 million through Sept. 30, 2010, with US$61 million in the third quarter of 2010.

The Company has finalized its strategic approach to comply with…

MARATHON OIL: MPL Subject to NOV on March 10 St. James Incident

Marathon Oil Corporation says the U.S. Department of Transportation Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a Notice of Probable Violation, Proposed Civil Penalty, and Proposed Compliance Order to Marathon Pipe Line LLC (MPL) related to the March 10,…

MARATHON OIL: Modification to NSR Consent Decree Filed March 19

A modification to Marathon Oil Corporation’s New Source Review consent decree was lodged with the Court on March 19, 2010 and is expected to be finalized during second quarter 2010.

During 2001, the Company entered into an NSR consent decree and…

MARATHON OIL: Facing 27 MTBE Contamination Lawsuits in 4 States

Marathon Oil Corporation is a defendant, along with other refining companies, in 27 cases arising in four states alleging damages for MTBE contamination.

The Company finalized the settlement of 25 of those cases that were pending in the state and federal…

MARATHON OIL: Expects to Spend About $300Mil in 2010 for MSAT II

Marathon Oil Corporation expects total year 2010 spending for compliance with Mobile Source Toxics II (MSAT II) regulations will be about US$300 million.

The Company estimates that it may spend about US$1 billion over a six-year period that began in 2008…

MARATHON OIL: Mulling Raised Compliance Costs from UST Claims

Marathon Oil Corporation anticipates the possibility of increased compliance costs as a result of contamination from underground storage tanks (USTs).

The Company owns or operates certain retail outlets where, during the normal course of operations, releases of refined products from USTs…

MARATHON OIL: Plans to Spend $50M in 2009 to Lower Sulfur Levels

Marathon Oil Corp. has spent approximately US$120 million between 2006 and 2008, and plans to spend approximately US$50 million in 2009 on refinery investments to produce ultra-low sulfur diesel fuel for off-road use, in compliance with the U.S. Environmental Protection…

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