Libya’s National Oil Corp. (NOC) said on Dec. 2 its Chairman Mustafa Sanallah and Schlumberger Ltd. CEO Olivier Le Peuch agreed on technology transfer talks to help restart the country’s oil wells and improve output.
The executives met on Dec. 1, the state oil company said, without disclosing details.
NOC’s output has been hit this year by attacks on oil facilities and blockades.
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.
Marathon Oil also unveiled a new Delaware Basin oil play with over 60,000 contiguous net acres in Ward and Winkler counties, Texas.