Murphy Oil at a Glance

6/8/2007

Murphy Oil Corporation (“Murphy” or “the Company”)

is an international oil and gas company that conducts business

through various operating subsidiaries. The Company produces

oil and natural gas in the United States, Canada, the United

Kingdom, Malaysia and Ecuador and conducts exploration

activities worldwide. Murphy also has an interest in a Canadian

synthetic oil operation, owns two petroleum refineries in the

United States and has an effective 30 percent interest in a refinery

in the United Kingdom. The Company operates approximately

a 1,000-store chain of retail marketing gasoline stations on the

parking lots ofWal-Mart Supercenters 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. Murphy is headquartered in El Dorado,

Arkansas and has 7,296 employees worldwide. The Company’s

common stock is traded on the New York Stock Exchange under

the ticker symbol “MUR”.

Major Operating Susidiaries of

Murphy Oil Corporation

Murphy Exploration & Production Company is engaged

in crude oil and natural gas exploration and production in the

United States, the U.K. sector of the North Sea, Ecuador,

Malaysia and Republic of Congo. The subsidiary conducts

business from its office in Houston, Texas, and also has offices

in Kuala Lumpur, Malaysia; St. Albans, England; Pointe-Noire,

Republic of the Congo; and Jakarta, Indonesia.

Murphy Oil Company Ltd. is engaged in conventional crude

oil and natural gas exploration and production in Western

Canada and offshore Eastern Canada as well as the extraction

and sale of synthetic crude oil from oil sands. The subsidiary

also markets petroleum products to the Canadian market and

is headquartered in Calgary, Alberta.

Murphy Oil USA, Inc. is engaged in refining and marketing

of petroleum products in the United States. It is headquartered

in El Dorado, Arkansas, at the Company’s corporate office.

Its refineries in Meraux, Louisiana, and Superior, Wisconsin,

provide petroleum products to high-volume, low-cost Murphy

USA® branded gasoline stations located on-site at Wal-Mart

Supercenters in 21 southern and midwestern states. Murphy

Oil USA also operates a network of 11 Company-owned

terminals. These terminals, along with a number of third-party

terminals, supply fuel to retail and wholesale stations in

23 states and to asphalt and marine fuel customers in the

upper Midwest

Murphy Oil Corporation

6/8/2007

Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil and natural gas exploration and production operations in Canada. Murphy Oil also has an office in Kuala Lumpur to oversee its E&P activities in Malaysia. Murphy USA Marketing Co. (Murphy Oil USA, Inc.) operates retail gasoline stations under the Murphy USA® brand across 20 states in the U.S. These are high-volume, low-cost retail gasoline stations, primarily in the parking areas of Wal-Mart Supercenters. Murphy Oil USA, Inc. also operates a network of 12 Company-owned terminals. These terminals, along with numerous third-party terminals, provide fuel supply to retail and branded wholesale stations throughout 23 states.

Germany's wind farms challenged

24/7/2007

Germany is the world's biggest user of wind power, and it has ambitious plans to build even more wind turbines.

General Electric wind turbine
Germany has huge wind energy expansion plans

It has decided that generating nuclear power is not the way forward, and it has decided eventually to close all the country's existing nuclear power stations.

The country's great hope for is for a future of green energy, and in particular wind power.

However, some observers are now questioning whether all the investment in wind power makes economic sense.

Growing demands

Alsleben is a small market town in eastern Germany on the banks of the Saale river.

It's a quiet place surrounded by rolling farmland, but for the past few weeks the people here have been getting used to some new neighbours.

On the hills above them are 37 giant wind turbines. Alsleben is now the site of one of the biggest wind farms in the country

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