Connect with us
Advertisement
Advertisement

News

Murco sale ‘close to collapse’

Published

on

murco saleONLY one bidder remains as a possible buyer for Murphy Oil’s 130,000 barrels-per-day Milford Haven refinery, but the process is close to collapse, a source familiar with the matter said on Sunday.

The refinery, operated by U.S. oil and gas company Murphy Oil subsidiary Murco, is the latest British plant to face closure as the industry battles lower demand and increased competition from new, modern refineries in the Middle East and Asia.

Officials at Murphy Oil were not immediately available for comment. The source told the Herald a last bidder was still in the running to buy the plant as a going concern although the bid was seen as having little chance of success.

Many analysts believe the plant is likely to be turned into a storage terminal.

The refinery has been up for sale for three years, but Murphy Oil has failed to find a buyer for the plant, which employs nearly 400 in West Wales.

It is believed that at least two companies were offered the plant for free, plus a dowry worth “tens of millions” of pounds.
Fears that the refinery could close follow the battle to save the Grangemouth refinery complex, on the Firth of Forth, Scotland.

A spokesman for the Welsh government said: “We maintain regular contact with Murco and will continue to communicate with them about their operation in Wales.”

Pembrokeshire councillor John Allen-Mirehouse, former cabinet member for regeneration and economic development on Pembrokeshire County Council said: “This is a turbulent time for oil refining and the industry in Pembrokeshire is not exempt from these pressures. I would be horrified if the refinery closed. The jobs there are very skilled, well paid and very important to the community.”

The Milford Haven refinery can process up to five million tonnes of crude oil per year. Murco bought 30% of the then Amoco refinery in 1981 and acquired the remaining 70% in December 2007.

It was first reported that the Milford Haven site was threatened last year when Murphy chief executive David Wood said that in the absence of an offer the company was “evaluating the potential conversion of the facility into a storage terminal”.

Since then, the plants economic performance has slipped further as oil margins in the UK have come under pressure.

In its preliminary results, published on October 30 this year, Murphy Oil planed “weaker margins at the Milford Haven refinery” for a loss of $22.7m (£14.23m) in its UK refining and marketing operations.

Production at the plant has fallen slightly in the last year to average 126,303 barrels a day over the last month, down from 132,282 barrels a day for the same period the previous year.

The Murco plant is one of two oil refineries in West Wales alongside the Valero plant at Pembroke which was sold by former owner Chevron in August 2011.

The possibility of a shutdown at the Milford Haven refinery is likely to cause fresh concern in Whitehall and with the Welsh Government.

The Scottish Government was quick to meet union leaders and management at Grangemouth, eventually averting the threat of closure.

Murco could not be contacted for comment.

Experts say that the refining industry, which was built up decades ago to convert North Sea crude into petrol and diesel, is struggling as domestic oil production falls and facilities age.

The number of refineries has dwindled from 18 to seven.

Milford Haven is the only refinery left in Murphy Oil’s empire after the company sold a pair of American sites.

The industry has also been weakened by the rise of diesel-powered cars as many refineries, including Murco’s, mostly produce petrol.

In terms of size and complexity, the most marginal refinery Britain is Milford Haven because of its small capacity.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

News

Covid-19 vaccination venues and timeline announced for everyone locally over 50

Published

on

EVERY person in JCVI priority groups 5 to 9 will be offered a COVID-19 vaccination by 18 April, Hywel Dda University Health Board has confirmed.

While the health board’s vaccination programme has the capacity to offer a vaccine to everyone in groups 5 to 9 by the original target date of 4 April, the delivery plan has had to be adjusted based on confirmed vaccine deliveries.

Carmarthenshire, Ceredigion, and Pembrokeshire residents in priority groups 5 to 9 can expect to receive their vaccine as follows:

  • Group 5, people aged 65 – 69 years – delivered by GP practices between 15 February and 12 March
  • Group 6, people aged 16 years to 64 years with underlying health conditions and unpaid carers – delivered by GP practices between 22 February and 4 April
  • Group 7, people aged 60 – 64 years – delivered by mass vaccination centres starting 8 March
  • Group 8, people aged 55 – 59 years – delivered by mass vaccination centres starting 22 March
  • Group 9, people aged 50 – 54 years – delivered by mass vaccination centres starting 5 April

The health board currently has mass vaccination centres located in Aberystwyth, Cardigan, Haverfordwest, Tenby, Carmarthen and Llanelli.

Group 6 is significantly the largest cohort to be vaccinated to date and we understand that many in this group will be anxious to receive a vaccine. Please do not contact your GP or the health board to ask about your appointment, you will be contacted directly when it is your turn and we thank you for your patience.

People in groups 7, 8 and 9 will receive a letter with an appointment date and time. Please arrive as close to your appointment time as possible. The letter will include a phone number to contact the health board should you need to rearrange or cancel your appointment but please make every effort to keep your allocated appointment time.

Steve Moore, Chief Executive of Hywel Dda UHB, said: “While  our programme has had to slow  due to supplies, we want to reassure everyone in groups 5 to 9 that our amazing teams of vaccinators and GP practices have the capability and flexibility to deliver our vaccine supplies as they arrive into the region.

“Vaccine supplies will start to increase again from mid-March, and we are confident that everyone living in our three counties in the top 9 priority groups will be offered a vaccine by mid-April.

“In Hywel Dda we have an older population compared to some other health boards and so over 50% of our adult population will have been offered a vaccine by milestone 2.

“To be able to say that as we approach the anniversary of the first national lockdown is nothing short of extraordinary.

“And again, I must say thank you to everyone living in our three counties who continue to come forward in substantial numbers for the vaccine. Uptake remains remarkably high and we hope to see this continue through groups 5 to 9 and into group 10.”

People are asked, wherever possible, to use their own private transport to attend an appointment. Lifts can be accepted from someone in their household or support bubble, but not from anyone else due to the risk of transmission of the virus.

The health board has put in place transport support for anyone who may have difficulty attending their vaccination appointment. If you have no other means of travel, please contact the health board on 0300 303 8322 and we will be happy to assist.

Everyone in priority groups 1 to 4 should have received an offer of a vaccination. If you have not been contacted, or have changed your mind, please contact your GP at the earliest opportunity. No one will be left behind.

Continue Reading

News

Nolton Haven: Man hospitalised after getting into difficulties in sea

Published

on

A MAN was taken to hospital after getting into difficulties in the sea off Nolton Haven on Friday.

Emergency services were alerted at 2.40pm on February 26 by a 999 call to the control centre.

The Little Haven RNLI lifeboat, Broad Haven Coastguard, an ambulance crew and a Coastguard rescue helicopter assisted police in the operation.

The male casualty was stabilised on the beach and shortly before 4.30pm, was then transported to Withybush Hospital.

A police spokesman told The Herald: “We were called to a male who had got into difficulties in the water at Nolton Haven shortly before 3pm.

“He was taken to hospital by ambulance.”

Continue Reading

News

Cyclist killed on A40 was serving police officer, force confirms

Published

on

A CYCLIST who died after a crash with a van on the A40 in Carmarthenshire was a serving police officer with Dyfed-Powys Police, the force has confirmed in a statement to Herald.Wales.

The driver of the van involved in the crash, which happened on Thursday (Feb 25) has been arrested on suspicion of causing death by dangerous driving, it was confirmed on Friday (Feb 26).

Police are investigating the fatal collision, which caused the road to be closed for 12 hours, and are asking for any witnesses to come forward by calling 101.

37-year-old Lynwen Thomas, who is a former student at Ysgol Bro Myrddin, Croes-y-Ceiliog, Carmarthen, was a sergeant and a very well-respected member of Dyfed-Powys Police.

A spokesperson for the police said in a statement: “Our thoughts are with her family, friends and colleagues, who have all been offered specialist support. We ask that family members are given the privacy they need at this difficult time.”

Continue Reading
News23 hours ago

Covid-19 vaccination venues and timeline announced for everyone locally over 50

EVERY person in JCVI priority groups 5 to 9 will be offered a COVID-19 vaccination by 18 April, Hywel Dda...

News2 days ago

Cyclist killed on A40 was serving police officer, force confirms

A CYCLIST who died after a crash with a van on the A40 in Carmarthenshire was a serving police officer...

News2 days ago

Police at scene of RTC – officers seeking witnesses

POLICE in Milford Haven are making door to door enquiries in the Great North Road area following an accident involving...

News3 days ago

Postmaster and politicians welcome Goodwick cash machine U-turn

GOODWICK post office will now be keeping its ATM, after a U-turn by Post Office Ltd. The machine was due...

News3 days ago

Judith Rhead murder: Police appeal to public for information

DYFED-POWYS POLICE can confirm it is appealing for information after the death of a 68-year-old woman from Pembroke Dock. Judith...

News3 days ago

Dale Morgan charged with murder of Judith Rhead, police confirm

DYFED POWYS POLICE have charged a man in connection with the alleged murder of 68 year old Judith Rhead who...

News5 days ago

Police investigate alleged rape of a child

DYFED-POWYS POLICE have confirmed that a 28-year-old man has been arrested on suspicion of raping a child in the south...

News5 days ago

Police confirm murder investigation underway following Judith Rhead’s death

THE POLICE have confirmed that the death of a woman, who died in Pembroke Dock on Saturday, is being treated...

News6 days ago

Deaths could be linked to salmonella in SFC chicken’s boneless buckets

THE FOOD STANDARDS AGENCY has issued an urgent warning about a chicken product sold in food stores across Wales. The...

News7 days ago

Pembroke Dock death being treated as suspicious, police confirm

POLICE  in Pembroke Dock are continuing to investigate the death of a woman in Market Street. A spokesman from Dyfed-Powys...

Popular This Week