Shares of Murphy Oil Corporation MUR moved up nearly 11.6% yesterday, courtesy of its decision to make a joint venture in the Gulf of Mexico ('GOM").

CEO Eric Hambly highlighted that Murphy Oil achieved significant debt reduction, decreasing total debt by approximately 60% ...

Murphy Oil Corp. MUR announced that its operator King’s Quay floating production system achieved the first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater ...

For full-year 2025, Murphy Oil has allocated about $410 million of its 2025 capex budget to the Gulf of Mexico for operated and non-operated development drilling and field development projects ...

Murphy Oil increased production and pay down debt with the help of King’s Quay project going onstream in the Gulf of Mexico and high output from new Eagle Ford wells.

Increasing total Gulf of Mexico production to approximately 60,000 net barrels of oil equivalent per day at closing, net to Murphy’s interest Providing high-margin production with Gulf Coast prices ...

Petrobras PBR and Murphy Oil Corporation MUR have entered into a joint venture (JV) agreement for deep-water oil exploration operations in the Gulf of Mexico (GoM). The JV will comprise GoM ...

A month after unveiling plans to divest business units in Malaysia, Murphy Oil Corp. is sharpening its focus on the deepwater Gulf of Mexico (GOM).. The El Dorado, Ark.- based firm reported ...

Interior Secretary Ken Salazar, third from left, toured a Murphy Oil deep water oil drilling rig in the Gulf of Mexico, off the coast of Louisiana, in 2010.(Gerald Herbert / AP) A century ago, in ...

Murphy Oil Corp. said Tuesday it has reached a deal to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore LLC and LLOG Bluewater Holdings LLC for $1.375 billion in cash.