Marubeni to buy stake in us shale oil project:
Japanese trading house Marubeni Corp will buy a 30 per cent stake in a shale oil project in the United States from Marathon Oil Corp for about $270 million, the Nikkei business daily reported.
Oil major BP said it agreed to sell its minority stakes in two North Sea fields to Japanese trading company Mitsui for $280 million, as part of a plan to focus its portfolio in the region on larger scale projects.