Murphy Oil completes spinoff of downstream unit

Murphy Oil Corp. has completed the spinoff of its US downstream subsidiary, Murphy USA Inc., into an independent and separately traded company (OGJ Online, Oct. 16, 2012).

In 2011, Murphy completed the sale of its refineries as the company shifted its focus to concentrate on exploration and production and US retailing. The company first outlined its downstream exit strategy in 2010 (OGJ Online, July 23, 2010).

“Following the spinoff,” said Steve Cosse, Murphy Oil president and chief executive officer, “Murphy Oil will move forward, under the leadership of Roger Jenkins, as a focused exploration and production company with a strong portfolio of global assets.”

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected