Murphy Oil News

 

Murphy Charters Pacific Drilling Drillship for Mexico Wells

Mar 12, 2020

Deepwater drilling rig contractor Pacific Drilling has found more work for its Pacific Sharav drillship.The drilling company on Wednesday revealed that Murphy Oil had hired the drillship for work offshore Mexico. According to the fleet status report…

Murphy Cuts Capex, Delays GoM, Shale Wells Amid Oil Rout

Mar 12, 2020

U.S. oil and gas company Murphy Oil has slashed capital spending plans by $500 million citing 'current market conditions and recent commodity price volatility.' The company plans to preserve dividend payments.Murphy’s revised 2020 budget is approximately $950 million…

Subsea 7 to Tie Murphy's Discoveries to King's Quay FPS

Mar 03, 2020

Offshore installation contractor Subsea 7 on Tuesday said it had won a contract from Murphy Oil for the provision of the subsea installation services related to the Samurai, Khaleesi, and Mormont developments in the U.S. Gulf of Mexico.The contract…

PTTEP's 2019 Profit Soars

Jan 30, 2020

Thai oil company PTTEP reported a 40 percent rise in the full-year net profit, boosted by increased sales volumes from acquired assets and an increased stake in the Bongkot offshore field.Its 2019 net profit was 1,569 million, increasing by 40% from 2018…

Shell Buys Total's Stake in Brunei Block

Oct 30, 2019

Total said it has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell for $300 million.“This transaction…

Majors to Bid in Brazil's $800 Mln Oil Auction

Oct 10, 2019

BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.Combined, the minimum…

13 Firms Approved to Bid in 6th Pre-salt Round

Oct 03, 2019

Thirteen companies have been approved by Brazilian authorities to participate in a November oil bidding round for offshore exploration and production rights.The companies were cleared to participate in the so-called 6th pre-salt bidding round…

Murphy Green-lights King’s Quay FPS

Aug 09, 2019

Murphy Oil has sanctioned the King’s Quay project in the US Gulf of Mexico, the US independent revealed in its second quarter earnings report.Anchored by the deepwater Khaleesi/Mormont and Samurai developments, the King’s Quay floating production…

Transocean Reports New Contracts

Jul 26, 2019

The world's second largest offshore drilling contractor Transocean has revealed three new contract awards and a pair of extensions for the last quarter in its latest fleet status report.The Switzerland-based offshore driller said in the status…

Hibernia Production Halted after Oil Spill

Jul 19, 2019

Production has been shut down at the Hibernia oil platform off the coast of Atlantic Canada as crews work to clean up an oil spill from the ocean.A sheen was first spotted on the water near the platform on Wednesday and production was halted to deal with the spill…

Murphy Oil Completes Malaysia Asset Sale

Jul 10, 2019

US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…

Murphy Completes Acquisition of LLOG GoM Assets

Jun 04, 2019

US-based Murphy Oil Corporation announced that its has completed its $1.227 billion acquisition of deepwater Gulf of Mexico assets from compatriot oil and gas company LLOG.Murphy Oil President and CEO, Roger W. Jenkins, said, “We are excited…

Murphy Makes Mexican and Vietnamese Discoveries

May 06, 2019

Murphy Oil has made discoveries offshore Vietnam and Mexico, the company has reported.The discovery in Mexico was Murphy's first exploration test on Block 5 in the Salinas Basin. The Cholula-1EXP exploration well was drilled in about  2,300…

Murphy Oil to Buy LLOG's GoM Assets

Apr 23, 2019

Oil and gas producer Murphy Oil Corp said on Tuesday it would buy Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for at least $1.38 billion in cash in a move to strengthen its position in the region that saw record production last year…

Murphy Oil Sells Malaysian Assets

Mar 21, 2019

Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States.The buyer…

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