Murphy Oil approves Vietnam plan, launches Cote d’Ivoire work
In September, it sold non-operated stakes in the Kaybob Duvernay and Placid Montney for $104 million. The plan is to invest some of the proceeds in international works.
Murphy Oil
Murphy seals Cote d’Ivoire entry
Murphy executive vice president for operations Eric Hambly said the company intended to “accomplish great things” in Cote d’Ivoire.
Gulf of Mexico oil drilling makes too-little, too-late comeback
A new wave of oil platforms is sweeping into the US Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
Go Westeros: Murphy bags first oil at Khaleesi, Mormont
Murphy Oil has announced first production from its Khaleesi, Mormont and Samurai oil field development in the deepwater US Gulf of Mexico.
Brunei hopes to boost oil and gas production after new discovery
Brunei plans to boost production of oil and gas following the discovery of 42 million barrels of oil equivalent last year, according to energy minister Mat Suny bin Mohd Hussein. Significantly, the country is banking on new finds to reverse an expected decline in upstream output.
Murphy halts Brunei sale after Shell makes deepwater discovery
Murphy Oil has decided not to sell its stake in Block CA-1 offshore Brunei following a deepwater discovery by the block’s operator Shell.
Deepwater activities in Southeast Asia set to boom
Deepwater upstream projects are increasingly important for Southeast Asia, where new investment in production is critical to meet rising demand for oil and gas, as economies continue to expand.
High stakes, frontier exploration, Australia’s Bight had it all
Earlier this month Murphy Oil joined a long list of explorers, which includes BP, Equinor, Chevron, Karoon Energy, Bight Petroleum, and their joint venture partners, that have now exited and passed over the opportunity to unlock the Great Australian Bight.
PTTEP and Petronas start up key Malaysian deep-water gas field
News that Thailand’s PTT Exploration & Production (PTTEP) and Petronas have started first deep-water gas production from Block H bodes well for Malaysia’s vision to attract further investment in its deeper waters.
Mubadala Petroleum eyes $2bn Southeast Asia sale
Mubadala Petroleum has put its Southeast Asia portfolio up for sale for $2 billion. The Abu Dhabi-based company will be following in the footsteps of ExxonMobil, Chevron, Shell, Murphy Oil, Hess, Repsol and Eni, all of which are looking to sell assets in the Asia region.
Asia Pacific M&A shake-up on the horizon
More assets are expected to hit the market across Asia Pacific this year following the sustained drop in global oil prices and the COVID-19 pandemic, which has destroyed energy demand growth as economic activity contracts.
Gulf of Mexico looking good for comeback
The US Gulf of Mexico is making a comeback this year.
Chevron, BP, Shell rate high on LGBT equality, but energy sector lags overall
Some of the top oil and gas companies received perfect scores in the new LGBT workplace equality rankings, but the energy sector still ranks at the bottom for inclusion standards out of all industries nationwide.
TEMS secures £1m services deal with Murphy Oil
Aberdeen-based TEMS international has been awarded a £1million contract with US explorer Murphy Oil.
Murphy Oil hit with dry hole expense charges of $70million
Murphy Oil has been hit with dry hole expense charges after being forced to plug and abandon a number of wells. The company said it would pay a $47million charge on the Urca well in Mississippi Canyon Block 697 and $23million for two wells in its Perth Basin drilling programme offshore Western Australia. Murphy Oil is continuing with the drilling of a third well at the Munia prospect in the Perth Basin which is expected to be finished in April.