Murphy Oil

With US oil prices struggling to top $25, oil companies and service providers are making deeper cuts this month to cope. The biggest come from Halliburton which may have shed 5,000 total jobs since the start of the year.

Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil.

The company announced both contract awards simultaneously. The new contract awards could be worth up to $800 million.

In 2018, Murphy Oil launched an initiative to open-source all internal live streaming data to its engineers. The process led it to implement a global data historian and a corresponding visualization tool. The insights provided are shaping the future of operations at the company.

Anchored by the Khaleesi-Mormont and Samurai fields, the King’s Quay FPS will receive and process up to 80,000 B/D of crude oil.

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.

Behavior-based safety is not a new concept nor is it new at Murphy Oil. But when Murphy launched its Safety Observation Program as a digital tool, it revitalized the way the culture of safety spread throughout the company.

The company's 2019 report reinforces the strategic importance of responsible oil and natural gas development while investing in local communities.

Thailand’s PTTEP is doubling down on Malaysian oil and gas in an effort to broaden its reach in its native Southeast Asia.

A technology initiative is changing more than the digital landscape at Murphy Oil. Since its deployment in November 2018, Murphy Labs is changing the very culture of the corporation.