Murphy Oil Corporation is an American international oil and gas company, incorporated in 1950 as Murphy Corporation, that conducts business through various operating subsidiaries. Murphy Oil produces oil and natural gas in the United States, Canada, Malaysia, the United Kingdom and Republic of the Congo and conducts exploration activities worldwide. Murphy also has an interest in a Canadian synthetic oil operation, two ethanol production facilities in the United States and one petroleum refinery in the United Kingdom. The Company operates a growing retail marketing gasoline station chain, Murphy USA in the parking lots of Walmart Supercenters and at stand-alone locations in the United States, and also markets petroleum products under various brand names and to unbranded wholesale customers in the United States and the United Kingdom. The Company has announced its intention to sell its U.K. marketing assets. Murphy Oil Corporation is headquartered in El Dorado, Arkansas, and has over 8,600 employees worldwide. The Company's common stock is traded on the New York Stock Exchange under the ticker symbol "MUR." Wikipedia.
News Article | October 28, 2016
Murphy Company, a mechanical/industrial construction and engineering company is pleased to announce the addition of the following American Society of Mechanical Engineers (ASME) Code Stamps for their Colorado office: R STAMP – Repairs and/or Alterations of Boilers and Pressure Vessels U STAMP – Manufacture of Pressure Vessels PP STAMP – Fabrication and Assembly of Pressure Piping These ASME certifications apply to the set of high standards Murphy adheres to in the design, fabrication, assembly, repair, alteration and inspection of boiler and pressure vessel components. Murphy is authorized to manufacture and stamp a broad range of pressure vessels and products in accordance with the latest ASME Boiler & Pressure Vessel codes. Senior Vice President Bob Mathisen commented, “At Murphy Company, we continually strive to not just meet, but to exceed our customers’ very stringent quality requirements and production needs. The addition of these ASME certifications for our Colorado office provides a great benefit for industrial manufacturing facilities, pharmaceutical plants, powerhouses and breweries in Colorado as illustrated in our recent work building the new Breckenridge Brewery in Littleton and current renovations to the MedImmune biologics manufacturing plant in Boulder." Murphy Company employs over 200 unique welding procedures to fabricate pressure vessels from carbon steel, stainless steel, titanium and other exotic alloys. Murphy also performs inspection services for boilers and pressure vessels in addition to repairing and altering existing boilers and pressure vessels, complying with The National Board. About Murphy Company: Murphy Company delivers mechanical solutions to the industrial, commercial, institutional and heavy industrial markets. With corporate offices in St. Louis, a regional office in Denver, and satellite offices in Boulder, Colorado Springs, and Ft. Collins, CO, the firm offers process piping, HVAC, refrigeration, plumbing, design-build, design assist, ASME code work, piping fabrication, energy solutions and 24-hour service. Murphy is currently ranked 22nd on Engineering News-Record’s list of top mechanical contractors, and was named Specialty Contractor of the year for 2015 in the ENR Mountain States region. Founded in 1907, the firm employs just under 1,000 people nationwide with over 350 in Colorado. For additional information visit: http://www.murphynet.com.
Milkov A.V.,Sasol Limited |
Milkov A.V.,Murphy Oil Co.
Earth-Science Reviews | Year: 2015
Oil and gas explorers routinely estimate the probability of success (PoS) of exploration projects, which is used for the calculation of risked prospective resources, their expected monetary value, ranking of the prospects and exploration portfolio management. Most often, the estimation of the geological PoS is based on subjective judgments about probabilities for individual geological risk factors. However, such subjective probabilities are not reliable in the low-validity environments with significant degrees of uncertainty and unpredictability, to which many exploration projects belong. When explorers assign probabilities for risk factors, they are geared by their variably incomplete knowledge and fragmentary experience, use judgmental heuristics under the influence of cognitive and motivational biases, and are prone to logical fallacies (unless they are aware of these limitations and account for them in scientifically responsible ways). As a result, assessments of geological PoS tend to be inconsistent across an exploration company, which leads to biased portfolios that fail to deliver on promise. Recent research and experience from other industries suggest that algorithms are superior to expert judgments in low-validity environments. This paper presents a review of relevant literature on the psychology of decision making and risk assessment methods used in petroleum exploration, and proposes a new algorithm for geological PoS assessment, realized in the form of systematic risk tables for probabilities of six geological risk factors (structure, presence of reservoir facies, reservoir deliverability, seal, source presence and maturity, and migration). The risk tables enable explorers to convert geological information into quantitative probabilities while counteracting the deficiencies of expert judgment and reducing the effects of biases. The risk tables take into account both the data-derived and model-derived positive, negative and neutral evidence for each of the risk factors, utilize the most elementary, fundamental and relevant subsurface information and can be used in a wide variety of exploration projects. The risk tables shift the focus of geological risk assessment from arguing about the probability values to a more objective and consistent evaluation of subsurface data and models. Probabilities are extracted from risk tables in a manner transparent to all involved, including peers, managers and investors. Implementation of the risk tables will allow explorers to dispassionately and consistently put high PoS values on relatively low-risk prospects and low PoS values on relatively high-risk prospects, and would enable managers to make well-informed drilling decisions. The use of risk tables will lead to less biased prospect inventories, effective portfolio management and better long-term exploration performance. © 2015 Elsevier B.V.
Rohrman M.,Woodside Energy |
Rohrman M.,Murphy Oil Co.
Journal of Geophysical Research: Solid Earth | Year: 2013
Large igneous provinces (LIPs) are commonly characterized by extrusion of huge outpourings of flood basalts. However, some LIPs associated with thick sedimentary basins display mainly intrusive sill and dike complexes and a relative absence of extrusives as evidenced on the Exmouth Plateau. Here a breakup-related 150 km × 400 km sill complex imaged on seismic reflection data intruded mainly Triassic sedimentary rocks between the Late Jurassic and the Early Cretaceous. The sill complex is most likely sourced by a mafic or an ultramafic magma chamber, seismically imaged as a high-velocity body (HVB) and covering ∼16 × 104 km2. This magma chamber is located at the base of the crust and did not generate extrusives. Simple hydrostatic calculations suggest that melt became vertically arrested in the basin sediments, primarily owing to a reduction in the magmatic overpressure gradient as a result of the differences between fracture and melt gradients controlled by upward decreasing densities of the basin fill. Furthermore, magma overpressures at the source between 5 and 20 MPa are required to explain the presence of sill complexes at 4-11 km depth, indicating that the HVB is the source of the sill/dike complex on the Exmouth Plateau. The extent and outline of the HVB places constraints on the origin of magmatism and LIP formation. In combination with published data, the results suggest a thermal anomaly (upwelling or plume) source for the observed magmatism. © 2013. American Geophysical Union. All Rights Reserved.
Murphy Oil Co. | Date: 2017-01-27
Murphy Oil Co. | Date: 2012-10-15
A price management system that is capable of automatically or manually determining price adjustments based on current competitor pricing, retail site sales and other price related factors, such as cost of the product, freight charges, state and federal laws and state and federal taxes. Once price adjustments are determined they are able to be instantaneously and automatically implemented at the point of sale. In one of the most relevant applications, retail automotive fuel pricing, the system is able to automatically adjust and display prices on the fuel pumps as well as the advertising signs in the vicinity of the retail site. This system and methods provide for a comprehensive and efficient means of determining price adjustments and implementing the price adjustments in real-time fashion at the point-of-sale.
Murphy Oil Co. | Date: 2013-01-01
Murphy Oil Co. | Date: 2013-01-15
News Article | March 16, 2015
SINGAPORE, March 13, 2015 /PRNewswire/ -- Puma Energy, the globally integrated midstream and downstream energy company, has today announced the acquisition of a series of UK assets from Murco Petroleum Limited, a subsidiary of Murphy Oil Corporation (NYSE: MUR). The acquisition includes the Milford Haven facility in Wales, UK and three inland terminals at Westerleigh, Theale and Bedworth, as well as Murco's wholesale and distribution business in the UK. This in total adds approximately 1.4Mm3 of storage capacity to Puma Energy's midstream operations of 5.6Mm3. Under the terms of the agreement, which represents Puma Energy's first acquisition in the United Kingdom, the Company will acquire the assets and convert the site into a state-of-the-art storage facility. Puma Energy is also delighted to be welcoming all the terminal and distribution employees. As one of the world's largest independent, integrated midstream and downstream companies, Puma Energy will apply its extensive experience in fuel storage at the facility – the result of which will make Milford Haven a key site securing the supply of energy to the UK and wider region during a period of change in European energy infrastructure. The acquisition will complement Puma Energy's existing global strategy of disciplined investing. It also signifies a significant strategic entry into the UK market for the supply of the full range of fuel products giving Puma Energy an immediate presence in the UK wholesale and distribution market. Milford Haven will provide another opportunity for Puma Energy to demonstrate its ability to operate to the highest of internationally-recognised environmental standards. The Company is experienced in working alongside various environmental agencies across its geographic footprint of 45 countries. This includes a commendation by the US Environmental Protection Agency in Puerto Rico for its work at its Bayamon terminal and for globally constructing five state-of-the-art terminals in 2014. Pierre Eladari, CEO for Puma Energy said "Puma Energy continues our focused strategy of connecting supply from international markets to local distribution demand."
News Article | February 1, 2016
Murphy Oil Co. Ltd. (MOCL), the Canadian subsidiary of Murphy Oil Corp., has agreed to acquire operated and nonoperated working interest of production, acreage, infrastructure, and facilities in the Kaybob Duvernay area and liquids-rich Montney area in Alberta from Athabasca Oil Corp. for $475 million (Can.). The two firms are forming a joint venture to develop the areas.