Saturday, January 4, 2025

Murphy Oil Goes Big with $1.375-Billion Cash Deal

Murphy buys seven producing fields, four development projects from LLOG By Richard Rostad, analyst, Oil & Gas 360 Murphy Oil (ticker: MUR) continues to consolidate its position in the Gulf of Mexico, as the company acquired a major asset in the GOM today. Murphy will acquire 26 different GOM blocks from privately-held LLOG, representing a range of assets. These 26