Murphy Oil, the US company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture, said it completed the sale of its Malaysian assets for more than $2 billion to Thailand state energy company PTT Exploration and Production.

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Murphy Oil, the US exploration and production company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture, has sold its Malaysian assets for more than $2 billion to Thailand state energy company PTT Exploration and Production.

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Murphy Oil, the US exploration and production company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture with state energy company Petronas, said the FLNG project was high on its investment plans as it reported its fourth-quarter results.

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Murphy Oil, the US exploration and production company whose Rotan natural gas discovery offshore Malaysia is the subject of a floating LNG joint venture with state energy company Petronas, has returned a third-quarter profit after posting a loss in the same three months of 2017.

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US energy exploration and production company Murphy Oil Corp. said it was progressing with plans to invest in a floating liquefaction project offshore Malaysia led by state-run Petronas and set to come on stream in 2020.

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