A platform fabricated by Kencana Petroleum Bhd for Murphy Sarawak Oil Company Ltd
HONG KONG: Murphy Oil Corp is considering selling some of its Asian oil and gas assets in a deal that could fetch up to US$3bil, according to sources, as it looks to scale down in the region like some other US energy companies.
Energy majors from BP to Shell have faced pressure from shareholders to control spending and return spare cash amid concerns over the impact of rising costs and the returns available if oil prices drop.
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