Southeast Asia
Ashurst is advising Indonesian state-run PT Pertamina on a proposed $2 billion acquisition of some of U.S. energy company Murphy Oil Corp.’s oil and gas assets in Malaysia. Murphy Oil said in a statement that it’s shedding 30 percent of its Malaysian assets in an effort to raise cash for acquisitions, debt reduction, share repurchases and various corporate purposes, including boosting drilling capacity in the Eagle Ford Shale in Texas. Singapore partners Daniel Reinbott and Keith McGuire are leading Ashurst’s advisory team. Gibson, Dunn & Crutcher Singapore partner Brad Roach is acting for Murphy Oil. [Read full story]
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