Search results for: Murphy Oil

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A list of search results

  • 10 August 2016
    Business & Finance

    American oil and gas company Murphy Oil Corporation has received commitments from certain members of its existing bank group and other new lenders to enter into a $1.2 billion revolving credit facility.  The company said on Wednesday that the new revolving credit facility will be a senior unsecured guaranteed facility and will expire in August […]

  • 7 December 2016
    Business & Finance

    U.S. oil firm Murphy Oil has elected a new member to the company’s Board of Directors and named two Executive Vice Presidents of the company, all with immediate effect. Murphy said on Tuesday that Elisabeth W. Keller was named to the board while the two executive VPs named were Eugene T. “Gene” Coleman and Michael K. “Mike” McFadyen. […]

  • 7 May 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Murphy Oil plans to reduce its output in May by 40,000 barrels of oil equivalent per day, with the majority planned from offshore wells.

  • 13 April 2020
    Business & Finance, Business developments & projects

    President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has resumed his responsibilities at the company after recovering from what was presumed to be COVID-19.

  • 22 March 2019

    Murphy Oil Corporation has signed a sale and purchase agreement to sell its two Malaysian units, Murphy Sabah Oil and Murphy Sarawak Oil, to a unit of PTT EP for $2.13 billion.

  • 1 September 2013

    Murphy Oil Corporation announced Friday that it has completed the spin-off of its U.S. retail marketing business into an independent public company called Murphy USA Inc. . The spin-off was achieved through the distribution to Murphy Oil’s shareholders of one share of Murphy USA common stock for every four shares of Murphy Oil stock held […]

  • 11 July 2019

    Murphy Oil Corporation has completed the sale of its two Malaysian units, Murphy Sabah Oil and Murphy Sarawak Oil, to PTTEP.

  • 3 June 2019

    Murphy Oil Corporation has closed the previously announced acquisition of LLOG’s deepwater U.S. Gulf of Mexico oil fields.

  • 8 February 2016
    Exploration & Production

    Transocean, an offshore drilling contractor, has received an early contract termination for one of its drillships.  Namely, Murphy Exploration & Production Company – USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the 2001-built ultra-deepwater drillship Discoverer Deep Seas. According to the offshore driller, the rig’s contract was scheduled to […]

  • 14 December 2010

      Murphy Oil Corporation  announced that its wholly owned subsidiary, Canam Brunei Oil Ltd., has entered into a Production Sharing Agreement with Brunei National Petroleum Company Sendirian Berhad (PetroleumBRUNEI) for interests in offshore Block CA-2. Murphy will hold a 30% working interest in Block CA-2. Murphy currently holds a 5% working interest in Block CA-1. […]

  • 7 May 2013
    Business & Finance

    Murphy Oil Corporation announced that its President and Chief Executive Officer, Steve Cossé, has informed the Murphy Board of Directors that he intends to step down from that position following the completion of the previously announced plan to spin off to its stockholders its U.S. downstream operations into an independent and separately traded company. The […]

  • 2 November 2017
    Business & Finance

    Murphy Oil is boosting its capex guidance for the year by $50 million. 

  • 26 March 2020
    Business & Finance, Regulation & policy, Safety

    President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has taken a temporary medical leave over coronavirus concerns.

  • 3 December 2015
    Project & Tenders

    Murphy Oil, an independent oil and natural gas exploration and production company, has abandoned its sidetrack well in the U.S. Gulf of Mexico due to low oil price.  Murphy said on Thursday that its Thunder Bird sidetrack well in Mississippi Canyon Block 819 in the Gulf of Mexico reached the targeted Middle Miocene zone at a […]

  • 10 August 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Pacific Drilling has been awarded a contract by Murphy Oil for ten firm wells for its drillship Pacific Sharav in the U.S. Gulf of Mexico.

  • 11 October 2018
    Business & Finance, Infrastructure

    U.S. oil company Murphy Oil has said it will form a joint venture company with Petrobras America, a U.S. subsidiary of the Brazilian oil company Petrobras.

  • 2 April 2014

    The Board of Directors of Murphy Oil Corporation today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.3125 per share, or $1.25 per share on an annualized basis.  The dividend is payable June 2, 2014 to holders of record May 16, 2014. Murphy Oil Corporation is an independent exploration […]

  • 14 March 2012
    Business & Finance

    Murphy Oil Corporation announces the death of Chairman of the Board, William C. Nolan, Jr. Mr. Nolan died on March 12, 2012 at the Medical Center of South Arkansas in El Dorado following a brief illness. He was 72 years old. Nolan received his undergraduate degree from Yale University in 1961, and his law degree […]

  • 9 August 2013
    Business & Finance

    Murphy Oil Corporation announced today the following promotions, effective August 7, 2013. Barry Jeffery has been promoted to Vice President, Investor Relations. Jeffery joined the Company in 1986 as a Thermal Engineer at Murphy Oil Company, Ltd. in Calgary, Canada. He held several positions with that subsidiary before being promoted to Manager, Crude Oil Trading […]

  • 3 December 2018

    Brazilian oil firm Petrobras and the U.S. oil company Murphy Oil have formed a Gulf of Mexico-focused joint venture company.

  • 26 January 2017
    Business & Finance

    U.S.-based oil & gas company Murphy Oil narrowed its net loss during the fourth quarter of 2016 amid decrease in revenues.  Murphy Oil incurred a net loss of $63.9 million for the fourth quarter of 2016, compared to a net loss of $587.1 million in the same period of 2015. The company reported an adjusted loss, […]

  • 23 December 2016
    Operations & Maintenance, Project & Tenders

    Murphy Oil has awarded Barakah Offshore Petroleum a contract to service the Kikeh spar platform, offshore Malaysia. Barakah’s wholly-owned subsidiary PBJV Group will provide production riser tensioner overhaul, maintenance and upgrade for Murphy. The scope of work to be undertaken at Kikeh field, offshore Sabah, will involve the overhaul of the single point anchor reservoir/dry tree […]