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Murphy Oil to Buy Deepwater US Gulf Assets for up to $1.625 Billion The El Dorado, Arkansas-based Murphy has quickly found a home for some of the cash it will receive from the sale of its Malaysia business. The company has been rapidly expanding its US gulf footprint while simplifying its portfolio and targeting more oil. PTTEP to Buy Murphy Oil’s Malaysian Business for $2.1 Billion Thailand’s PTTEP is doubling down on Malaysian oil and gas in an effort to broaden its reach in its native Southeast Asia. The new venture will operate several deepwater assets—including the Cascade, Chinook, Medusa, and Thunder Hawk fields.

  Industry: Energy > Oil & Gas > Upstream (1.00)