Monthly Archives: January 2015

Murphy Oil Corporation Closes First Phase Of Partial Divestiture Of Malaysian Assets

By GlobeNewswire,  December 18, 2014, 08:30:00 AM EDT EL DORADO, Arkansas, December 18, 2014 – Murphy Oil Corporation (NYSE:MUR) announced today that its wholly owned subsidiaries, Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd. (collectively “Murphy”), have … Continue reading

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McDermott completes topside installation for Petronas

Posted on January 9, 2015 McDermott International, Inc. has completed the installation of a 3,086-ton central processing platform (CPP) topside using the tight-slot float-over method in the Kepodang gas field, Muriah Working Area, offshore Indonesia for PC Muriah Ltd, a … Continue reading

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After slashing capex, Petronas plans up to 30% cut in opex

Wednesday, 7 January 2015 By: JAGDEV SINGH SIDHU, NG BEI SHAN PETALING JAYA: Petroliam Nasional Bhd (Petronas) is looking to make cuts in its operating expenditure (opex) by between 25% and 30% to preserve its profitablity as crude oil prices … Continue reading

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Shell, Petronas Carigali to develop E6 field offshore Malaysia

Wednesday, 19 November 2014 Wednesday, 19 November 2014 KUALA LUMPUR: Shell and Petronas Carigali recently took the final investment decision (FID) to develop the E6 field, offshore Malaysia. Discovered in 1970, the E6 field is the last field to be … Continue reading

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Singapore will benefit from cheaper oil: Analysts

But prospect of falling prices could prompt MAS to let Singdollar weaken – Published on Jan 13, 2015 6:11 AM By Melissa Tan Singapore will be a big winner from cheaper oil although the central bank may have to let the currency … Continue reading

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