Connect with us
Advertisement
Advertisement

News

Murco: Management buyout ‘potential’

Published

on

 

crabby

THE HEAD of Murphy’s Oil UK operations has stepped aside to pursue the acquisition of the company’s ailing Milford Haven refinery and retail business, a source close to the company said on Monday (May 19).

 Murco, Murphy’s British subsidiary, has been engaged for months in talks with several parties on the sale of the 135,000 barrelsper- day refinery and its assets. Murco Managing Director Tom McKinlay told employees on Friday he was taking a leave of absence. Brian Kelly, currently head of Murphy’s business development in West Africa, the Middle East and Britain, will replace him and lead Murco’s negotiations with the potential buyers, the source said. “Tom McKinlay has taken a leave of absence because he is pursuing a management buyout in order to maintain integrity of process,” the source said. A possible management buyout is the latest twist in Murphy’s four year-long quest to sell its downstream assets in Britain. The Milford Haven plant stopped purchasing crude oil last month and is in the process of reducing its operations as stockpiles are expected to run out by next week, a second source said. The Pembrokeshire Herald understands that after a plant is completely shut, restarting it typically becomes prohibitively expensive. Besides McKinlay’s interest, other potential bidders include private equity fund Greyb

ull Capital and Swiss industrial group Klesch, the first source said. McKinlay is in the process of trying to get the funding for a possible buyout, the first source said. Greybull was in advanced stages of talks with Murco in March to buy the plant and associated assets for around $500 million. Stephen Crabb MP told The Herald: “The management buyout adds to the list of potential buyers who all have serious proposals to purchase the plant.” “But there’s a narrow time frame for a deal to be completed, which is why I have been speaking to Murphy senior management in Arkansas, to seek to better understand their position – as well as urging UK and Welsh Government Ministers to do all they can to help to secure a deal.” Paul Davies AM said: “I’m hopeful that talks are optimistic, given that there are three potential buyers who are seriously interested in the refinery. I’m given to understand that the next few days will be vital in delivering a positive outcome for Murco and the local community. “I have been communicating with the Welsh Government, who as we know has set up a task force to secure the future of refinery operations and safeguard the longterm future of jobs at the plant. It’s crucial that we all work together to help secure the sustainability of this refinery for years to come.” Report by Ron Bousso

 

1 Comment

1 Comment

  1. averi bean

    October 8, 2025 at 7:12 pm

    Bookmarking this for later. Tune into equidia pronostics — expert analysis and on‑track coverage. programmes and tips throughout the day. results archive, expert picks. HD streams with low latency.

Leave a Reply

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

Business

Plaid energy policy challenged by Labour after Adam Price interview

Published

on

LABOUR SAYS MINISTERS MUST EXPLAIN COST AND TIMETABLE FOR PYLON PLANS

PLAID CYMRU’S approach to energy infrastructure has come under scrutiny after Energy Minister Adam Price was challenged over plans to reduce the use of overhead pylons in Wales.

Mr Price defended the Welsh Government’s position during an appearance on BBC Radio Wales’ Sunday Supplement, arguing that communities must have greater confidence in how major grid projects are handled.

Plaid Cymru has pledged to give communities a stronger voice over energy developments and to look more closely at alternatives to overhead transmission lines, including underground cabling where possible.

The issue has become increasingly sensitive in rural parts of Wales, where proposed pylon routes linked to renewable energy schemes have raised concerns about landscape impact, tourism and local consultation.

However, Welsh Labour said the minister had failed to explain when any restriction on pylons would take effect, or who would pay the additional cost of placing cables underground.

A Welsh Labour spokesperson said: “Adam Price keeps saying how clear their manifesto was and yet he won’t say when they’re banning pylons. They won’t say who is paying for the extra cost of undergrounding cables.

“Without certainty, companies won’t invest. That’s thousands of clean, green energy jobs at risk. Plaid need more than a plan to have a plan.”

Labour said the Welsh Government must now set out how its policy would work in practice, including whether it amounts to an outright ban, what exemptions would apply, and how any extra costs would be funded.

The debate highlights the challenge facing ministers as Wales seeks to expand renewable energy generation while addressing public opposition to large-scale grid infrastructure.

 

Continue Reading

Community

Pembroke Fair praised as well-organised community event

Published

on

HORSES, STALLS AND FAMILY CROWDS RETURN TO MONKTON

FAMILIES, horse owners and visitors turned out in force for Pembroke Fair on Saturday (May 23), with many praising the event as one of the best organised in recent years.

Held at the Community Centre Field in Monkton, the annual fair brought together horse owners, traders and local families for a traditional day centred around horses, ponies, stalls and socialising.

Coloured cobs, heavy horses, ponies and horse-drawn traps attracted attention throughout the day, with many visitors gathering around the field to watch the animals being shown and led around the site.

A variety of stalls selling everything from clothing and ornaments to tack and second-hand goods helped create a lively market atmosphere, while food vendors kept visitors fed throughout the day.

Despite overcast conditions at times, the event remained busy, with many attendees staying for several hours to enjoy the traditional fair atmosphere.

Community members later took to social media to praise the smooth running of the event, with several publicly thanking organiser Charlie Price for his efforts in bringing the fair together.

Comments described the day as “well organised” and praised the welcoming atmosphere, with many saying it was encouraging to see a long-standing local tradition continuing to thrive.

The fair once again brought together members of the travelling community, local residents and horse enthusiasts from across west Wales.

A horse drive was also due to take place on Sunday (May 24), continuing the weekend’s celebrations.

Photo captions:

Traditional gathering: Horses, ponies, horse-drawn carts and market stalls drew crowds to Pembroke Fair in Monkton on Saturday (Pic: Herald).

 

Continue Reading

News

Watchdog criticises health board over £10m GP contract checks

Published

on

A HEALTH board has been criticised by Audit Wales after GP contracts worth more than £10m were awarded without sufficient due diligence checks.

Aneurin Bevan University Health Board allowed a GP partnership associated with eHarley Street Primary Care Solutions to take on eight GP contracts in south-east Wales, with a combined annual value of around £10.1m.

Audit Wales said the board should have carried out greater scrutiny before approving the arrangements, including checks on financial resilience, workforce plans, business risks and the partnership’s ability to manage several practices at once.

However, the watchdog found no evidence of fraud and noted the board was dealing with significant pressure in general practice, including vacant contracts and limited interest from other bidders.

The report said weaknesses in governance and scrutiny contributed to later disruption and uncertainty for patients and staff when problems emerged.

Concerns included financial and workforce pressures, unpaid invoices, and issues relating to tax and pension payments. Some contracts were later handed back, requiring the health board to step in to protect services.

Natasha Asghar MS, Welsh Conservative Shadow Cabinet Minister for Health and Social Care, said the findings were “deeply concerning”.

She said: “Patients and staff were left facing disruption and uncertainty because proper scrutiny was not carried out before these contracts were awarded.

“The Welsh Conservatives believe lessons must be learned to ensure robust checks are in place, protect frontline services and restore confidence in primary care across Wales.”

Aneurin Bevan University Health Board accepted the recommendations and said it had already strengthened its processes.

Audit Wales said the case highlighted the need for stronger checks before GP contracts are transferred, particularly when a single partnership is taking on multiple practices in a short period.

 

Continue Reading

Business17 hours ago

Plaid energy policy challenged by Labour after Adam Price interview

LABOUR SAYS MINISTERS MUST EXPLAIN COST AND TIMETABLE FOR PYLON PLANS PLAID CYMRU’S approach to energy infrastructure has come under...

Community18 hours ago

Pembroke Fair praised as well-organised community event

HORSES, STALLS AND FAMILY CROWDS RETURN TO MONKTON FAMILIES, horse owners and visitors turned out in force for Pembroke Fair...

Local Government3 days ago

Youngest mayor in century takes office in Haverfordwest

Randell Izaiah Thomas-Turner makes history as town’s first millennial mayor and first from a diverse background HAVERFORDWEST has welcomed a...

Community3 days ago

Pembroke Fair set to return after last year’s success

STALL HOLDERS INVITED AS HORSE DRIVE PLANNED PEMBROKE Fair is set to return this weekend following the success of last...

Crime4 days ago

Neyland man accused of running over traffic worker’s foot

Jury hears conflicting accounts over roadworks incident in Milford Haven A NEYLAND man has appeared before Swansea Crown Court accused...

Community4 days ago

New pilot boat Llanion dedicated at emotional Milford Haven ceremony

Vessel dedicated at Mackerel Quay as Port marks major investment in safety and resilience MILFORD HAVEN’S new state-of-the-art pilot vessel...

Local Government4 days ago

Police and GoSafe to target speeding in Newport and Dinas

RESIDENTS’ concerns over speeding and anti-social driving have prompted planned enforcement action in the Newport and Dinas areas. Dyfed-Powys Police...

Community5 days ago

Safety first as Milford Haven’s new pilot boat marks end of troubled chapter

Gary Solomon, who was aboard St Davids during the 2016 collision, helped shape new self-righting vessel Llanion from conception to...

Crime5 days ago

Cocaine courier caught with £15,000 haul in Pembroke Dock

Defendant transported high-purity drugs from Cardiff to Pembrokeshire for £210 A PEMBROKESHIRE man caught transporting more than £15,000 of high-purity...

News5 days ago

Car bursts into flames near Redberth Croft as road closed after incident

Nobody injured after vehicle fire near A477 prompts emergency response A CAR was destroyed by fire near the entrance to...

Popular This Week