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
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
