Deals Rumor Mill: Murphy Oil, Lone Star, Cinven

Law360, New York (February 14, 2014, 2:55 PM EST) -- Murphy Oil Corp. is mulling the sale of a chunk of its Asian oil and gas holdings in a deal that could bring in up to $3 billion, sources told Reuters on Friday. The transaction would come as global energy players in general pare down operations in the region, mostly in favor of pursuing more lucrative, high-potential opportunities in the U.S. The Arkansas-based company has assets in Malaysia and Vietnam, among other countries. It has recruited an unnamed U.S. consultant to reach out to potential buyers,...
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