The energy sector is witnessing a significant consolidation as ConocoPhillips moves to acquire Marathon Oil in an all-stock deal valued at $22.5 billion, including $5.4 billion in debt. The transaction is expected to close in the fourth quarter of 2024, subject to approval from Marathon Oil stockholders and regulatory authorities. Marathon Oil shareholders will receive… Continue reading ConocoPhillips Set to Acquire Marathon Oil in $22.5 Billion All-Stock Mega-Deal
Month: May 2024
Colombian ‘Supermán’ López Faces Four-Year Ban Amid Doping Scandal
Miguel Ángel López, the Colombian cyclist known as ‘Supermán’, has received a four-year ban from the International Cycling Union (UCI) after being found guilty of doping with Menotropin, a performance-enhancing substance. The 30-year-old, who has won stages in the Tour de France and finished third in the 2018 Giro d’Italia and Vuelta a España, was… Continue reading Colombian ‘Supermán’ López Faces Four-Year Ban Amid Doping Scandal