Murphy Oil Closes Gulf of Mexico JV
Murphy Oil Corporation announced that it has closed its previously announced deal to form a Gulf of Mexico joint venture with Petrobras.The global independent oil and natural gas exploration and production company said in a press release that its wholly owned subsidiary, Murphy Exploration & Production Company - USA, has closed the previously announced strategic deep water Gulf of Mexico joint venture with Petrobras America (PAI), a subsidiary of Petrobras for net cash consideration of approximately $795 million.The transaction has an effective date of October 1, 2018, it added.Murphy’s
Subsea Integration Alliance Awarded Deepwater Integrated EPCIC Contract
Subsea Integration Alliance has announced the industry’s first deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting system award. This award, by Murphy Exploration & Production Company–USA, a subsidiary of Murphy Oil Corporation, is for the industry’s longest deepwater subsea multiphase boosting tieback. Building on a track record of numerous engineering studies, this is the first EPCIC project award for Subsea Integration Alliance, which was formed July 2015 between OneSubsea, Schlumberger, and Subsea 7.
Transocean's Discoverer Deep Seas Contract Terminated
Transocean Ltd. (NYSE: RIG) announced today that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas. The rig's contract was scheduled to end in November 2016. Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for operating costs.
February 2024
