Petrobras looks to exit the Gulf of Mexico after only three years in partnership with Murphy Oil
Petrobras eyes Gulf of Mexico exit
The NOC has added another sale to its long list of divestment targets
Brazilian state oil company Petrobras has put up for sale 15 offshore fields in the US Gulf of Mexico, with c.11.3mn bl/d oe in total net production, as it continues its pledge to divest non-core assets and focus on its most profitable pre-salt business. The Brazilian operator holds a 20pc stake in the fields in partnership with US independent Murphy Oil, which holds the remaining 80pc, and has set a deadline of 25 October for prospective buyers to register their interest. The prolific St. Malo field is likely to be one of the most attractive assets available. The field, in which the Petrobras-Murphy consortium holds a 25pc stake, has
Also in this section
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
13 April 2026
For GCC producers, the ceasefire may prove more destabilising than the war itself: exports remain constrained, and control over Hormuz has shifted in ways that could endure
