I would add to Duncan's comment,
Don't release the refrigerant from ANY fridge (or similar device). If it is a domestic unit it almost certainly contains CFC's. It is an offence to deliberately release CFC's as well as being bad for the environment and a potential health hazard. If it's not a CFC it will be ammonia which is a serious health hazard.
For the OP, if the two ports do not have obvious suction and pressure (pressure should be at what you are calling the "thermostat" which I'm guessing is the expansion valve) Then the compressor is faulty. Most likely a valve failure, but could be a fractured pipe or badly worn.
Any fridge compressor need oil for lubrication SAE 32 hdraulic oil used for nmany lathes e.g. Nuto 32, is fine.
If using one of these compressors you MUST fit a safety valve of some sort. If the pressure switch fails (or if left running if you did the unspeakable and don't have a pressure switch) they will generate very high pressures. The running pressures are much higher than the static pressure the compressor will start at and can run to hundreds of PSI due to small piston area and large rotating inertia.
Robert G8RPI.