Connect with us
Advertisement
Advertisement

News

Murco deal collapses

Published

on

refinery sale

MURCO has today announced that it will be entering into a period of consultation with employees, and their representatives, as to the future of the company and its Milford Haven refinery.

The Pembrokeshire Herald understands that Murco’s efforts to finalise a deal with Greybull Capital have not been successful, despite hopes that a deal was in its final stages last week. Four hundred jobs are now at risk at the oil refinery. In a statement the company said: “The UK refining remains a particularly challenging market, caused in part by declining demand and increased international competition. The UK currently has seven oil refineries down from a peak of 18 in the late 70s. It is against this backdrop that the company and Murphy have been working to try and find a solution that would allow refinery operations to continue at Milford Haven.”

“During the past three plus years Murphy has negotiated with numerous parties but has not yet been able to find a buyer for Murco. Following the expiration of exclusive talks with a potential buyer, Murphy and the company plan to speak with a small number of interested parties, which may or may not lead to allowing the refinery to continue to operate.

“Murco is therefore today entering into a period of consultation with employees and their representatives, including the employees that work at the refinery. Until this period is completed it is not possible to predict the outcome of this process. In the interim we will ensure we properly consult with our employees during what will understandably be an unsettling time for everyone concerned.”

Commenting on today’s announcement, Tom McKinlay, Managing Director of Murco said:

“Our focus today is on helping our people understand what this means for them. For over three years, we have left no stone unturned in trying to find a buyer for the plant. Our efforts highlight the challenges and on-going changes confronting the European refining industry and are in no way a reflection on the attitude and work ethic of the Murco team. We will continue to do all we can to ensure our employees are supported during this time.

“The collapse of the Murco refinery sale is a hammer blow for Pembrokeshire and the wider West Wales economy. Hundreds of skilled, high quality jobs in our community are now at risk. Pembrokeshire has seen refinery closures before and we know the short-term impact can be colossal.”

Stephen Crabb MP told the Herald: “If Murphy Oil cannot do the deal with Greybull then it must explore all possible alternative sale options as a matter of urgency. I have met with one other buyer on two occasions now who so far has been locked out of the sale process because of the exclusive negotiations with Greybull. The time has come for Murphy to speak to this company about what their intentions would be.

“I have had an urgent meeting with the Energy Minister Michael Fallon, and have asked that he and his department work closely now with Welsh Government to offer every possible support to avoid the worst outcome of full refinery closure. Everyone understands the seriousness of the situation and what this means for Pembrokeshire.

“The staff and management at Murco in Milford Haven have worked incredibly hard over the last three years to turn the plant around and create one of the leanest and most efficient refineries in the country. Their commitment and effort has been hugely impressive and it is a very sad day for them and their families to be told that the sale has collapsed.”

Pembrokeshire County Council’s Leader, Councillor Jamie Adams, said: “I am sorry to hear that the sale of the refinery has fallen through. “We hope that it will continue to operate as a refinery as that will save the jobs of both refinery staff and of the many local sub-contractors who work there.

“The County Council and the Welsh Government will continue to support Murco as they look for an alternative buyer.

“Ideally we would want a viable, sustainable purchaser to come forward from within the industry who could guarantee the future of oil refining at the site.”

Commenting on the news that a deal to sell Murco oil refinery in Milford Haven has fallen through, local Assembly Member Paul Davies told the Herald: “I am extremely concerned about today’s statement regarding the Murco refinery at Milford Haven. Murco is a significant employer in Pembrokeshire and the refinery is of huge importance to the local economy. This news will be a bitter blow for Pembrokeshire and will undoubtedly leave hundreds of highly skilled jobs in our community at risk.”

“I appreciate that the oil industry is facing difficult times and I very much hope that Murco are exploring all sale opportunities. However, this news is of great concern to the people of Pembrokeshire. I have now written to the First Minister of Wales, expressing my concern at this latest news and calling for support from the Welsh Government. It is crucial that we all work together to help secure the sustainability of this refinery for years to come.”

Rebecca Evans, Assembly Member for Mid and West Wales, has expressed disappointment at the news that a deal to sell the Murco oil refinery in Milford Haven has fallen through, and a consultation has begun with employees.

Mrs Evans said: “I have spoken to Murco this morning to reiterate my support for the workforce. They reassured me that each and every affected worker would be individually consulted with.

“I know that the First Minister has also been in touch with the company, and will be visiting at the earliest opportunity to explore all possible options to retain these jobs in Milford Haven.

“Recent weeks and months have been a rollercoaster for the workforce and the local community. We were all hoping for a successful completion to the sale.”

Owen Smith MP, Shadow Welsh Secretary, told The Herald: “The loss of hundreds of skilled jobs would be a devastating blow to Pembrokeshire. This is terrible news for the families and communities that rely on the refinery and it is important that the company are supported by both the Welsh and UK governments in finding another buyer and securing the future of the plant.”

Paul Miller, local Labour candidate and leader of the opposition on Pembrokeshire council, said: “After so many half steps forward in the last few months and weeks this is a distressing development for Pembrokeshire. The Murco refinery has over the years employed pretty much all of my family so I know only too well the contribution this plant makes to the local economy. There should be no effort spared salvaging the future of this plant, it’s an absolutely critical part of Pembrokeshire’s economy.”

Simon Hart MP said: “I am very sad to hear that talks have broken down. I am concerned obviously about the large number of employees from the south of the county who are working at Murco. I’m looking forward to working with Stephen Crabb and other colleagues to help the employees in these circumstances”.

MURCO TIMELINE:

1973: The refinery opens under Amoco’s ownership.
1981: A major upgrade was carried out and a catalytic cracker was added.
1981: Murco (a subsidiary of Murphy Oil) purchased a 30% share of the refinery.
1983: Refinery storage tank containing 46,000 tonnes of North Sea crude oil catches fire
1990: Elf buys Amoco’s interest.
1994: Explosion and fires at refinery after electrical storm.
2000: Elf was acquired by Total in 2000.
2004: Total cautioned for unsafe dust release in 2002.
2007: Murco purchases Total’s 70% interest in the refinery to become the 100% owner.
2010: Firefighters tackle blaze at refinery.
2010: Murco expresses an intention to sell the refinery.
2012: Refinery bosses in talks with several interested parties about potential sale of Murco.
2012: Small fire breaks out at refinery
2013: First Murco sale talks collapse.
2013: Refinery makes $105m loss leading to reports that the refinery may be closing.
2013: Murco denies reports that the refinery will be closing.
2014: Greybull enter into negotiations with Murphy Oil about buying the refinery.
2014: Deal with Greybull collapses.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Too many children in Wales living in poverty – Lib Dems want action

Published

on

THIS week in the Senedd, the Welsh Liberal Democrats renewed their demands for the implementation of child poverty targets.

According to a report from the Bevan foundation, 29% of children living in Wales are currently experiencing poverty (an estimated 190,000 children).

The same report highlighted that the largest percentage of children living in poverty are from working households or in couple households.

The Welsh Lib Dems are now renewing calls for the Welsh Government to create a set of targets for reducing child poverty, which the party argues will allow for more accountability.

The party has previously called for the implementation of targets, citing recommendations from the Calling Time on Child Poverty Report published in November last year.

Commenting, the Leader of the Welsh Liberal Democrats Jane Dodds MS said: “The latest statistics on childhood poverty in Wales paints a very distressing image of families across the country struggling to make ends meet.

Over the course of the last six years, the proportion of children in poverty has skyrocketed. Fuelled by worsening economic conditions and a complete lack of action from both governments in Westminster and Cardiff Bay.

We cannot act complacent about these figures nor accept the clear lack of progress in fighting child poverty, behind each statistic is a child that the state has failed.

It remains painfully clear that the Welsh Government is failing to make any meaningful progress in this fight, which is why they must follow through with the implementation of clear set targets that will allow for further accountability.

We as a party have continuously called for the creation of these targets and we will not be silenced. For the sake of future generations we urge the Welsh Government to listen.”

Continue Reading

Crime

Welsh constabulary areas record another increase in shoplifting

Published

on

RETAIL trade union Usdaw is deeply concerned by today’s police recorded crime statistics showing that in 2023 there were significant increases in shoplifting across all constabulary areas in Wales. In the whole of England and Wales there has been a persistent upward trend since the pandemic, which continued with a 37% increase and has now risen to the highest level in 20 years.

The Office for National Statistics released figures showing a 39% increase in shoplifting incidents across Wales and by constabulary area as follows:

  • Dyfed-Powys +11%
  • Gwent +47%
  • North Wales +23%
  • South Wales +51% 

Usdaw’s 2023 annual survey of over 5,500 shopworkers found that 60% had suffered incidents of violence, threats and abuse that were triggered by shoplifting and armed robbery.

Paddy Lillis, Usdaw General Secretary says: “Shoplifting is not a victimless crime, theft from shops has long been a major flashpoint for violence and abuse against shopworkers. Having to deal with repeated and persistent shoplifters can cause issues beyond the theft itself like anxiety, fear and in some cases physical harm to retail workers. This 39% increase in shoplifting across Wales is further evidence that we are facing an epidemic of retail crime, which is hugely concerning.

“Our members have reported that they are often faced with hardened career criminals in the stores and we know that retail workers are much more likely to be abused by those who are stealing to sell goods on. Our latest survey results show that 7 in 10 retail workers suffered abuse from customers, with far too many experiencing threats and violence. 60% of respondents said theft from shops and armed robbery were triggers for these incidents.

“The scale of assaults, abuse and threats towards shopworkers and extent of the retail crime epidemic has been a disgrace for many years. This has been made worse by police cuts and a failure to legislate to protect retail staff. Usdaw has long called for action that includes a standalone offence for assaulting a shopworker and that has been vehemently opposed by this Government and their Conservative MPs on many occasions.

“Recently the Government performed a long overdue U-turn after many years of sustained campaigning by Usdaw and others. Our members have had to wait too long for their voices to be heard and common sense to prevail. We will have to see the detail of what Ministers are proposing and we are clear that it must be at least what we won in Scotland three years ago. It also cannot fall short of Labour’s commitments to 13,000 more uniformed officers, patrols on high streets, banning repeat offenders and ending the perverse £200 threshold for prosecuting shoplifters.

“The dither and delay by this Government on this issue over many years, has led to thousands of shopworkers needlessly suffering physical and mental injury. Today’s stats should ensure that their promise to legislate is done speedily. We hope that whatever the Government is proposing will be substantial and effective in giving shopworkers, key workers in every community, the respect that they have long deserved and regrettably too often do not receive.”

Continue Reading

Business

Paramount’s key role in transformation of McArthurGlen Designer Outlet

Published

on

FAST-growing Welsh company Paramount is relishing the challenge of creating an “irresistible dining destination” after winning the contract to play a key role in the multi-million transformation of the McArthurGlen Designer Outlet Bridgend.

The Cardiff-based design, build, fit-out and refurbishment specialist will spearhead the re-development project of the shopping centre after being handed responsibility for revamping its popular food court over the summer.

In the coming months, the development will see the Food Court transformed into three modern, and bright restaurants, welcoming new food and beverage brands to the centre and creating more than 100 new job opportunities for the local community.

Paramount’s Construction Director, Paul Thomas, said: “The team behind the scenes at McArthurGlen Designer Outlet Bridgend have fantastic plans for the future and we’re delighted to have been entrusted with the mission to help turn their exciting vision into a reality.

“Paramount prides itself on creating places where people want to be, and my team are relishing the opportunity to help create what will be an irresistible dining destination. It’s certain to be a complex project, but we have the expertise and local knowledge to deliver outstanding results in close collaboration with our project partners.”

The owners of the shopping centre, which has been attracting local people and visitors for more than 25 years, have promised a “substantial investment to redevelop the Food Court area and replace it with new and exciting restaurants”. 

Now the Paramount team is ready to lay the groundwork by removing some existing structures around the Food Court and will then introduce a series of new features as part of the overall facelift. These include new glazed entrance doors within glazed curtain walling shopfront, render and a new entrance lobby with new stairs and lifts.

The work to completely develop the Food Court in the shopping centre starts this week, and is expected to be completed in late autumn. As a result, customer favourites including Nando’s, McDonald’s and Chopsticks will be closed while work is under way.

Patrick Finney, Head of European Construction, McArthurGlen Group, said: “After celebrating our 25th anniversary last year, we’re extremely pleased to welcome Paramount on board in this important step of revitalising the Food Court area. 

“These are exciting times for everyone at one of South Wales’ best-loved retail complexes and we know Paramount will work closely with us to create a truly special place for diners and shoppers of all ages.”

Paramount, whose turnover reached £45 million in 2023, employs 60 people who own a majority shareholding of the business – 51 per cent – following completion of an Employee Ownership Trust  (EOT) scheme in 2021, a deal which marked a major milestone for Paramount after a period of sustained growth. 

The company is well known across Wales and England where it has created high-quality inspirational space for a number of leading companies. These include the multi-million-pound redevelopment of Hodge House and Fusion Point One in central Cardiff, and the fit out of Par 59 bars in South Wales and South West. 

Over the next few months, Paramount’s construction team will also be completing on a multi-million-pound social housing development in Porthcawl, Mid-Glamorgan with Valleys to Coast.

Continue Reading

Crime10 hours ago

All three school stabbing victims discharged from hospital, police confirm

POLICE remain at Ysgol Dyffryn Amman today, following an incident yesterday in which three people were injured, Dyfed-Powys Police confirmed...

Crime1 day ago

Pembrokeshire pensioner accused of 17 sexual offences against children

A 72-YEAR-OLD Pembrokeshire man has appeared before magistrates charged with 17 sexual offences against children under the age of 14....

News1 day ago

Police and air ambulances at ‘serious incident’ at West Wales school

DYFED POWYS POLICE has said it is dealing with an incident at a west Wales school. There has been a...

News3 days ago

Haverfordwest interchange: Next stage of £19m project backed

The second stage of building Haverfordwest’s near-£19m transport interchange has been backed, with senior councillors hearing it could cost the...

News5 days ago

20mph U-turn: Some roads will return to 30mph following public outcry

IN a recent shift in policy, Transport Secretary Ken Skates announced that some roads in Wales will revert to a...

News6 days ago

Police issue update on the search for Luke, missing from Pembroke Dock

POLICE have made the difficult decision to end the search for Luke, following a joint decision by all the agencies...

Entertainment1 week ago

NoFit State Circus set to thrill Pembrokeshire this summer

NoFit State Circus is set to captivate Pembrokeshire once again this summer, as they bring back their thrilling big top...

News1 week ago

Search for missing teenager Luke continues at Pembroke Dock

THE SEARCH for the missing 19-year-old, Luke, continues unabated into its fourth day, with efforts increasingly centred around the waterways...

Crime1 week ago

Estate agents admit health and safety failings following fatal market incident

WEST WALES estate agents J J Morris have appeared before Pembrokeshire law courts charged with failing to discharge general health,...

Crime1 week ago

Pembroke man sent ‘grossly offensive and disgusting’ message to sister

A DISTRICT Judge has described how a Pembroke man sent a ‘disgusting, appalling and grossly offensive’ message to his sister...

Popular This Week