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News Breaks | | | | November 21, 2012 | | 09:04 EDT |  | MUR | Murphy Oil abandons offshore Congo well and acquires Australia interest
Murphy Oil announced the results of its recent drilling offshore Republic of the Congo in the Mer Profonde Nord permit and entry into a new block offshore Australia. The Opale Marine - 1 well in the MPN Block was unsuccessful and has been plugged and abandoned. The total net cost of the well is estimated at $48M and will be expensed in Q4. As a result, Murphy will also take a noncash charge of $29M in the quarter to write off the Titane Marine - 1 well. The company has also expanded its position in the Browse Basin offshore Australia by picking up a 20% working interest in Block WA-408-P where drilling is expected to begin in December this year. | |
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News For MUR From The Last 14 Days Check below for free stories on MUR the last two weeks. |
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| May 15, 2013 | | 17:36 EDT | | MUR | Paulson gives quarterly update on stakes
 Subscribe for More Information | | | 17:26 EDT | | MUR | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | |
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