Murphy Oil Corporation Company News

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Murphy Oil Closing Legacy Arkansas, Calgary Offices
Monday, May 11, 2020It anticipates the closures to be completed early in 3Q 2020.

Murphy and Petrobras Award Five-year FPSO Contract
Thursday, March 19, 2020The MP GOM partnership between Murphy EXPRO and Petrobras America has hired the BW Pioneer FPSO for at least five years.

Murphy Oil to Delay Some Gulf of Mexico Wells
Friday, March 13, 2020Murphy has reevaluated its 2020 budget and reduced it by $500 million to $950 million.

Pacific Drilling Wins Two-Well Mexico Contract
Friday, March 13, 2020Murphy Oil Corp. has contracted the Pacific Sharav drillship for two wells in Mexico, Pacific Drilling S.A. reported late Wednesday.

Murphy Oil Extends Valaris Drillship Contract
Monday, February 17, 2020Murphy Oil Corp. has extended its contract for Valaris plc's DS-15 Renaissance drillship in the US Gulf of Mexico.

Murphy Oil Exits Malaysia
Wednesday, July 10, 2019Murphy first announced its Malaysia exit plan in March.

Oil Explorers Forge Ahead in Mexico
Friday, March 29, 2019Under government pressure that they're moving too slow, international oil companies are pushing ahead with deepwater development plans in Mexico.

$2.1B Deal Lets Murphy Focus on One Hemisphere
Thursday, March 21, 2019Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.

Murphy Oil and Petrobras to Form Gulf of Mexico JV
Thursday, October 11, 2018The companies have entered into a joint agreement to combine both companies' Gulf of Mexico assets.

Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction
Thursday, September 28, 2017Exxon Mobil Corp vastly expanded its presence in Brazil on Wednesday.

Murphy Oil CEO: Now is the Time for Deepwater to Come Back
Tuesday, May 02, 2017Now is the time for the deepwater industry to "come back," according to Roger W. Jenkins, president and CEO of Murphy Oil Corp.

Pilot Energy Inks Deal to Acquire Murphy's Stake in Permit WA-481-P Off WA
Wednesday, July 27, 2016Pilot Energy inks agreement to acquire Murphy Australia's 100 percent interest in exploration permit WA-481-P located offshore North Perth Basin, Western Australia.

Fire at Mississippi gas plant halts US Gulf Coast platforms
Tuesday, June 28, 2016At 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.

PBJV Clinches Contract from Murphy for Work Offshore Malaysia
Tuesday, June 14, 2016PBJV Group clinches an umbrella contract to provide welding services for Murphy Oil's units operating offshore Malaysia.

Canada's Ever-Shrinking Oil Industry Braces for More Job Cuts
Monday, April 04, 2016After 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.

Murphy Studies Options for 2 Wells Off Sarawak, Farms-in to Vietnam Block
Thursday, October 29, 2015Murphy 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.

America's Oil Output Refuses to Collapse. Here's One Reason Why.
Thursday, October 01, 2015Somewhere 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.

Aker Bags Subsea Contract from Murphy for Rotan Gas Project Off Malaysia
Thursday, October 01, 2015Aker Solutions bags contract to supply a subsea production system to Murphy Oil for the Rotan deepwater gas project offshore East Malaysia.

Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Monday, August 31, 2015Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.

Murphy Updates on Malaysian Ops, Makes Gas Find at Permai Well Off Sabah
Thursday, July 30, 2015Murphy completes drilling campaign at Belum gas field offshore Sarawak, Malaysia and makes gas discovery at Permai well in deepwater Block H offshore Sabah.

Analysts Outline What to Expect in Round One Bidding
Tuesday, July 14, 2015Industry 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.

PetroVietnam to Work with Murphy, ExxonMobil on Oil, Gas Projects
Monday, July 13, 2015PetroVietnam 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.

Murphy Completes Transfer of 50% Stake in Cameroon's Ntem Block to Sterling
Friday, April 10, 2015Murphy Corp. completes transfer of its 50 percent interest in Ntem Concession offshore Cameroon to Sterling Energy.

Atwood Falcon to Complete Drilling Munia Prospect in Perth Basin in April
Tuesday, March 24, 2015Murphy 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.

Murphy Closes Sale of 30% of its Malaysian Oil, Gas Assets to Pertamina
Friday, January 30, 2015Murphy closes the second phase of the sale of 30 percent of its Malaysian oil and gas assets to Pertamina.

Pertamina Says May Double Output from Overseas Assets by End-2014
Tuesday, November 18, 2014Pertamina 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.

Shell Commences First Oil from Gumusut-Kakap Floating Platform Off Sabah
Wednesday, October 08, 2014Shell commences oil production from the Gumusut-Kakap floating platform offshore Sabah.

Murphy Oil To Sell Nearly A Third Of Malaysian Assets For $2B
Tuesday, September 30, 2014Murphy 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.

Basis Point: Petrovietnam Seeking $1.8B Loan for Murphy Oil Malaysia Stake
Thursday, August 21, 2014Petrovietnam 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.

Source: Petrovietnam Eyes Stake in Murphy Oil's Malaysian Assets
Thursday, August 14, 2014Petrovietnam 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.

Sources: Murphy Oil's Malaysia Assets Draw Interest From Mitsubishi, ONGC
Friday, July 18, 2014Mitsubishi 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.

Murphy Oil Extends Charter for Perdana Petroleum's AHTS Vessel off Malaysia
Thursday, May 22, 2014Perdana Petroleum secures a charter extension for an anchor handling tug supply vessel to support Murphy Oil's drilling program offshore East Malaysia.

OMV Enters Namibian Exploration Project
Thursday, April 03, 2014Austria's OMV enters offshore Namibia to take part in exploration project.

Murphy Oil Nears Sale of UK Refinery To Fund
Tuesday, March 18, 2014Murphy Oil is in talks to sell its Milford Haven refinery in Wales to a low-profile private equity fund.

Murphy Oil and OMV to Drill in Namibia
Thursday, March 06, 2014Independent explorer Murphy Oil and Austria's OMV will search for oil and gas off Namibia's coast, the country's petroleum commissioner says.

First Oil Flows from Siakap North-Petai Develpment off East Malaysia
Tuesday, March 04, 2014Murphy Oil commences first oil from Siakap North-Petai development offshore East Malaysia and progresses work at Dalmatian subsea project in the Gulf of Mexico.

Murphy's Potential Sale of Upstream Assets in Malaysia Attracts Local Firms
Friday, February 21, 2014Murphy Oil's potential sale of a 30 percent interest in upstream assets in Malaysia draws interest from local petroleum companies.

Sources: Murphy Oil Eyes Sale of Up to $3B Worth of Asia Assets
Friday, February 14, 2014Murphy 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.

Drilling Starts on Bamboo Prospect Offshore Cameroon
Monday, February 10, 2014Sterling Energy reports that its partner, Murphy Cameroon Ntem, has begun drilling the Bamboo-1 well offshore Cameroon.

Boustead's Unit Bags $33.5M EPCC Deal for SK309/311 Project off Sarawak
Monday, November 25, 2013Boustead 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.

SOCO Buys into Offshore Congo Permit
Monday, November 04, 2013SOCO International agrees to buy a 60-percent stake in, and operatorship of, the Mer Profonde Sud permit offshore Congo.

Gumusut-Kakap Semi-FPS Installation Underway
Friday, July 05, 2013Petronas says installation of a semisubmersible floating production system is now underway at the Gumusut-Kakap field off Sabah, Malaysia.

Gumusut-Kakap FPS to Operate at Full Capacity By Year-end
Tuesday, June 25, 2013Shell expects the floating production system for the Gumusut-Kakap project to operate at full capacity by year-end.

Aker Solutions to Supply Wellhead Systems to Murphy in Malaysia
Tuesday, June 25, 2013Aker Solutions signs deal to supply splitter wellhead systems to Murphy's subsidiary in Malaysia.

Murphy Updates Results on Bassett West-1 Well in Browse Basin
Monday, June 17, 2013Murphy 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.

Gas Found at Bassett West Offshore Western Australia
Friday, June 07, 2013Santos reports that the Bassett West-1 exploration well in the Browse Basin has discovered gas.

Murphy Oil Expects to Take 4Q Hit for Failed Well Off Congo Coast
Wednesday, November 21, 2012Murphy 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.

Shell in Asset Swap with Murphy
Wednesday, November 14, 2012Royal Dutch Shell increases its Shiehallion Field stake, west of Shetland, while Murphy gains Seal area shale assets in Canada.

Technip Leashes Dalmation Gig in GOM
Tuesday, October 02, 2012Technip was awarded by Murphy a lump sum contract for the development of the Dalmatian field.

Australia Grants Seven New Offshore Exploration Permits
Thursday, September 13, 2012Australia grants seven new petroleum exploration permits worth around $290 million in the the Northern Territory and Western Australia.