Murphy Oil Corporation Company News

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Wood Renews Offshore Canada Platform Partnership
The Hibernia platform offshore Newfoundland and Labrador achieved first oil in 1997. PHOTO SOURCE: Wood
8:00 PM EST | June 10, 2021
Biden Leasing Ban to Yield Uneven Impact
Biden played up his climate policies as a source of new jobs, but energy companies and Western state officials beg to differ.
7:00 PM EST | January 26, 2021
Murphy Contracts Drillship for 10 GOM Wells
Pacific Drilling has won a contract from Murphy Oil Corp.
8:00 PM EST | July 29, 2020
Murphy Oil Closing Legacy Arkansas, Calgary Offices
It anticipates the closures to be completed early in 3Q 2020.
8:00 PM EST | May 10, 2020
Murphy and Petrobras Award Five-year FPSO Contract
The MP GOM partnership between Murphy EXPRO and Petrobras America has hired the BW Pioneer FPSO for at least five years.
8:00 PM EST | March 18, 2020
Murphy Oil to Delay Some Gulf of Mexico Wells
Murphy has reevaluated its 2020 budget and reduced it by $500 million to $950 million.
8:00 PM EST | March 12, 2020
Pacific Drilling Wins Two-Well Mexico Contract
Murphy Oil Corp. has contracted the Pacific Sharav drillship for two wells in Mexico, Pacific Drilling S.A. reported late Wednesday.
8:00 PM EST | March 12, 2020
Murphy Oil Extends Valaris Drillship Contract
Murphy Oil Corp. has extended its contract for Valaris plc's DS-15 Renaissance drillship in the US Gulf of Mexico.
7:00 PM EST | February 16, 2020
Murphy Oil Exits Malaysia
Murphy first announced its Malaysia exit plan in March.
8:00 PM EST | July 09, 2019
Oil Explorers Forge Ahead in Mexico
Under government pressure that they're moving too slow, international oil companies are pushing ahead with deepwater development plans in Mexico.
8:00 PM EST | March 28, 2019
$2.1B Deal Lets Murphy Focus on One Hemisphere
Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.
8:00 PM EST | March 20, 2019
Murphy Oil and Petrobras to Form Gulf of Mexico JV
The companies have entered into a joint agreement to combine both companies' Gulf of Mexico assets.
8:00 PM EST | October 10, 2018
Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.
8:00 PM EST | September 27, 2017
Murphy Oil CEO: Now is the Time for Deepwater to Come Back
Now is the time for the deepwater industry to "come back," according to Roger W. Jenkins, president and CEO of Murphy Oil Corp.
8:00 PM EST | May 01, 2017
Pilot Energy Inks Deal to Acquire Murphy's Stake in Permit WA-481-P Off WA
Pilot Energy inks agreement to acquire Murphy Australia's 100 percent interest in exploration permit WA-481-P located offshore North Perth Basin, Western Australia.
8:00 PM EST | July 26, 2016
Fire at Mississippi gas plant halts US Gulf Coast platforms
At least two offshore oil platforms halt operations in the US Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a crucial pipeline that brings output onshore, several companies say.
8:00 PM EST | June 27, 2016
PBJV Clinches Contract from Murphy for Work Offshore Malaysia
PBJV Group clinches an umbrella contract to provide welding services for Murphy Oil's units operating offshore Malaysia.
8:00 PM EST | June 13, 2016
Canada's Ever-Shrinking Oil Industry Braces for More Job Cuts
After almost two years of sinking oil prices and at least 40,000 job cuts, Canada's petroleum industry still isn't finished tackling its bloated operations.
8:00 PM EST | April 03, 2016
Murphy Studies Options for 2 Wells Off Sarawak, Farms-in to Vietnam Block
Murphy is evaluating development options for the Merapuh 5 and Marakas wells offshore Sarawak, Malaysia, while agreeing to the farm-in for a 35 percent interest in the 15-1/05 Production Sharing Contract off Vietnam.
8:00 PM EST | October 28, 2015
America's Oil Output Refuses to Collapse. Here's One Reason Why.
Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas' sprawling Eagle Ford shale formatio, Brett Pennington is carrying out a little experiment.
8:00 PM EST | September 30, 2015
Aker Bags Subsea Contract from Murphy for Rotan Gas Project Off Malaysia
Aker Solutions bags contract to supply a subsea production system to Murphy Oil for the Rotan deepwater gas project offshore East Malaysia.
8:00 PM EST | September 30, 2015
Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.
8:00 PM EST | August 30, 2015
Murphy Updates on Malaysian Ops, Makes Gas Find at Permai Well Off Sabah
Murphy completes drilling campaign at Belum gas field offshore Sarawak, Malaysia and makes gas discovery at Permai well in deepwater Block H offshore Sabah.
8:00 PM EST | July 29, 2015
Analysts Outline What to Expect in Round One Bidding
Industry experts discuss what kind of results to expect in Mexico's Round One bidding activity and results needed for the round to be deemed a success.
8:00 PM EST | July 13, 2015
PetroVietnam to Work with Murphy, ExxonMobil on Oil, Gas Projects
PetroVietnam is set to work with Murphy Oil and ExxonMobil on local and overseas oil and gas developments, including Block B and Ca Voi Xanh gas projects offshore Vietnam.
8:00 PM EST | July 12, 2015
Murphy Completes Transfer of 50% Stake in Cameroon's Ntem Block to Sterling
Murphy Corp. completes transfer of its 50 percent interest in Ntem Concession offshore Cameroon to Sterling Energy.
8:00 PM EST | April 09, 2015
Atwood Falcon to Complete Drilling Munia Prospect in Perth Basin in April
Murphy plans to complete drilling the Munia exploration well in WA-481-P offshore Western Australia in April after failing to find hydrocarbons at two other prospects in the permit.
8:00 PM EST | March 23, 2015
Murphy Closes Sale of 30% of its Malaysian Oil, Gas Assets to Pertamina
Murphy closes the second phase of the sale of 30 percent of its Malaysian oil and gas assets to Pertamina.
7:00 PM EST | January 29, 2015
Pertamina Says May Double Output from Overseas Assets by End-2014
Pertamina expects its overseas assets to contribute between 90,000 and 120,000 barrels of oil equivalent per day by the end of 2014, the company says, up from around 63,000 barrels per day of crude last year.
7:00 PM EST | November 17, 2014
Shell Commences First Oil from Gumusut-Kakap Floating Platform Off Sabah
Shell commences oil production from the Gumusut-Kakap floating platform offshore Sabah.
8:00 PM EST | October 07, 2014
Murphy Oil To Sell Nearly A Third Of Malaysian Assets For $2B
Murphy Oil says it would sell 30% of its oil and gas assets in Malaysia for $2 billion in cash to Pertamina as it cuts overseas holdings to focus on an improving home market.
8:00 PM EST | September 29, 2014
Basis Point: Petrovietnam Seeking $1.8B Loan for Murphy Oil Malaysia Stake
Petrovietnam is in talks with banks for a seven-year loan of up to $1.8 billion to back its bid to buy a stake in Murphy Oil's Malaysian oil and gas assets, Thomson Reuters publication Basis Point reports, citing sources.
8:00 PM EST | August 20, 2014
Source: Petrovietnam Eyes Stake in Murphy Oil's Malaysian Assets
Petrovietnam has bid for a stake in Murphy Oil's Malaysian oil and gas assets, challenging other suitors including Mitsubishi and Indian state oil companies, a person with direct knowledge of the plan says.
8:00 PM EST | August 13, 2014
Sources: Murphy Oil's Malaysia Assets Draw Interest From Mitsubishi, ONGC
Mitsubishi submits a non-binding bid to buy Murphy Oil's Malaysian oil and gas assets valued at about $2.5 billion, a person familiar with the matter tells Reuters.
8:00 PM EST | July 17, 2014
Murphy Oil Extends Charter for Perdana Petroleum's AHTS Vessel off Malaysia
Perdana Petroleum secures a charter extension for an anchor handling tug supply vessel to support Murphy Oil's drilling program offshore East Malaysia.
8:00 PM EST | May 21, 2014
OMV Enters Namibian Exploration Project
Austria's OMV enters offshore Namibia to take part in exploration project.
8:00 PM EST | April 02, 2014
Murphy Oil Nears Sale of UK Refinery To Fund
Murphy Oil is in talks to sell its Milford Haven refinery in Wales to a low-profile private equity fund.
8:00 PM EST | March 17, 2014
Murphy Oil and OMV to Drill in Namibia
Independent explorer Murphy Oil and Austria's OMV will search for oil and gas off Namibia's coast, the country's petroleum commissioner says.
7:00 PM EST | March 05, 2014
First Oil Flows from Siakap North-Petai Develpment off East Malaysia
Murphy Oil commences first oil from Siakap North-Petai development offshore East Malaysia and progresses work at Dalmatian subsea project in the Gulf of Mexico.
7:00 PM EST | March 03, 2014
Murphy's Potential Sale of Upstream Assets in Malaysia Attracts Local Firms
Murphy Oil's potential sale of a 30 percent interest in upstream assets in Malaysia draws interest from local petroleum companies.
7:00 PM EST | February 20, 2014
Sources: Murphy Oil Eyes Sale of Up to $3B Worth of Asia Assets
Murphy Oil is considering selling of some of its Asian oil and gas assets in a deal that could fetch up to $3 billion, people familiar with the matter say, as it joins other U.S. energy companies in scaling back from the region.
7:00 PM EST | February 13, 2014
Drilling Starts on Bamboo Prospect Offshore Cameroon
Sterling Energy reports that its partner, Murphy Cameroon Ntem, has begun drilling the Bamboo-1 well offshore Cameroon.
7:00 PM EST | February 09, 2014
Boustead's Unit Bags $33.5M EPCC Deal for SK309/311 Project off Sarawak
Boustead Penang Shipyard bags $33.52 million engineering, procurement, construction and commissioning deal for the SK309/311 Phase 2 Sarawak Gas Development Project off Sarawak, Malaysia.
7:00 PM EST | November 24, 2013
SOCO Buys into Offshore Congo Permit
SOCO International agrees to buy a 60-percent stake in, and operatorship of, the Mer Profonde Sud permit offshore Congo.
7:00 PM EST | November 03, 2013
Gumusut-Kakap Semi-FPS Installation Underway
Petronas says installation of a semisubmersible floating production system is now underway at the Gumusut-Kakap field off Sabah, Malaysia.
8:00 PM EST | July 04, 2013
Gumusut-Kakap FPS to Operate at Full Capacity By Year-end
Shell expects the floating production system for the Gumusut-Kakap project to operate at full capacity by year-end.
8:00 PM EST | June 24, 2013
Aker Solutions to Supply Wellhead Systems to Murphy in Malaysia
Aker Solutions signs deal to supply splitter wellhead systems to Murphy's subsidiary in Malaysia.
8:00 PM EST | June 24, 2013
Murphy Updates Results on Bassett West-1 Well in Browse Basin
Murphy says the Dufresne-1 prospect will be drilled in block WA-408-P after non-commercial gas was found at the Bassett West-1 well.
8:00 PM EST | June 16, 2013
Gas Found at Bassett West Offshore Western Australia
Santos reports that the Bassett West-1 exploration well in the Browse Basin has discovered gas.
8:00 PM EST | June 06, 2013
Murphy Oil Expects to Take 4Q Hit for Failed Well Off Congo Coast
Murphy Oil says a well drilled off the shore of the Republic of the Congo was unsuccessful, as it expanded its presence in an exploration area off the coast of Australia.
7:00 PM EST | November 20, 2012