Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf
Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity…
Murphy Oil CEO Back at Work after Medical Leave
U.S. oil firm Murphy Oil Corporation has informed that its CEO Roger W. Jenkins has recovered and resumed his responsibilities "following his temporary medical leave."Jenkins had taken medical leave in March due…
Murphy Oil CEO on Medical Leave Due to COVID-19
The CEO of Murphy Oil has taken a medical leave due to coronavirus concerns.The US-based exploration and production company announced Thursday that Roger W. Jenkins will step down temporarily pending test results and a presumptive diagnosis of COVID-19.
Brazil Sells Rights in Minor Oil Areas
Brazil auctioned off the exploration rights to 33 minor onshore and offshore oil and gas blocks on Tuesday, in what authorities framed as a bid to boost the industry outside of the nation's core, offshore pre-salt play.At an event in downtown Rio de Janeiro…
Murphy Oil Sells Malaysian Assets
Murphy Oil Corp said on Thursday it is exiting Malaysia with the $2.13 billion sale of its oil and gas assets to a Thai company and will use the deal proceeds to pay down debt, buy back shares and fund potential deals in the United States.The buyer…
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…
Petrobras Forms JV with Murphy in Gulf of Mexico
Brazil's state-controlled oil company Petroleo Brasileiro SA is forming a joint venture with Murphy Oil Company to explore oil and gas fields in the Gulf of Mexico, the Brazilian company said on Wednesday in a securities filing.According to the filing…
Trump's State Department Energy nominee Approved by Senate Panel
President Donald Trump's nominee for the top U.S. State Department job dealing with matters related to energy and the global oil industry was approved by a Senate committee on Wednesday, as the United States gears…
Exxon Selling Stake in Terra Nova Oil Project
Exxon Mobil Corp is selling its entire stake in the Terra Nova oil project off the eastern coast of Canada, though the world's largest publicly traded oil producer said it was committed to remaining an investor in the region.
NAFTA Doubts Impact Mexico Oil Tenders
Uncertainty about the fate of the North American Free Trade Agreement (NAFTA) and investor protections it guarantees could crimp future investment in Mexico's oil industry, including a high-stakes January deepwater auction.
Petronas Set to Auction Kimanis Crude on Dubai Exchange
Malaysia's Petronas is set to auction one of its crude grades on the Dubai Mercantile Exchange, according to sources familiar with the matter, making the state-owned company the first to sell a non-Middle East oil on the trading platform.
Suncor to Grow Oil Sands as Oil Majors Flee
Even as the world's largest energy companies exit Canada's high-cost oil sands the country's top producer Suncor Energy is lining up its next phase of growth in the world's third largest crude reserves. The preliminary…
Suncor Evaluates Potential Oil-sand Deals as Majors Exit
Suncor Energy, Canada's largest energy producer, is still evaluating opportunities for oil sands acquisitions in northern Alberta as foreign oil majors exit the high-cost region, Chief Executive Steve Williams said on Thursday.
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…
BP Scraps Australian south coast Drill Plan
Cites project costs as reason for withdrawal; decision in line with move away from risky drilling. Oil major BP has scrapped plans to drill for oil and gas off the southern coast of Australia because it is too…
Gas Plant Fire Halts US Gulf Coast Platforms
At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a crucial pipeline that brings output onshore, several companies said.
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.
Canada's Syncrude Resumes Normal Operations
Canadian Oil Sands Ltd said normal operations have resumed at Canada's largest synthetic crude project, Syncrude, following a fire in August. The company is the largest stakeholder in the oil sands project in northern Alberta.
Canadian Oil Sands Halts Syncrude Production After Fire
Canadian Oil Sands Ltd, the biggest shareholder in the Syncrude oil sands project, said it halted crude oil production after a fire damaged equipment at its processing facility in northern Alberta on Saturday…
Fire Halts Production at Canadian Oil Sands Syncrude
Canadian Oil Sands Ltd, the biggest shareholder in the Syncrude oil sands project, said it has halted crude oil production after a fire damaged equipment at its processing facility in northern Alberta on Saturday.
