News
Milford Haven: Puma Energy announces acquisition of Murco site
SINGAPORE based Puma Energy, the globally integrated midstream and downstream energy company, has today (March 13) announced the acquisition of a series of UK assets from Murco Petroleum Limited.
The acquisition includes the Milford Haven facility in Wales, UK and three inland terminals at Westerleigh, Theale and Bedworth, as well as Murco’s wholesale and distribution business in the UK.
There is no word yet on the number of jobs which will be created or secured at the Milford Haven site.
In response to the news, Cllr Jamie Adams, Leader of Pembrokeshire County Council, said: “The challenges of the Murco site at Milford Haven have been well recognised, and while a fully functioning refining operation was always my hope, any activity which retains jobs and indeed the infrastructure of the site is important for the Pembrokeshire economy.”
Commenting on this, Stephen Crabb MP said: “It’s good to hear that the future of the Milford Haven site as a storage and distribution site is secured. Obviously, this outcome is very far from what we had originally hoped would happen. We all wanted to see the site continuing as a refinery, but this news does at least provide security for the terminal and distribution employees at Murco, whose employment will be continued by Puma.”
Mr Crabb added: “The focus now is to look at what can be done to secure the future of the energy industry in Pembrokeshire. I am continuing to regularly meet with Roger Evans, the Chair of the Murco task force, to ensure that we keep up momentum in finding jobs for the remaining refinery workers who are still unemployed. We are also working to make Pembrokeshire a new centre of renewable energy, especially marine power, so that the County benefits from the changing energy industry in the UK.”
Paul Miller, Labour parliamentary candidate for Preseli Pembrokeshire told The Herald: “It is undoubtedly good news that at least some jobs are to be safeguarded at Murco in Milford Haven. I hope this deal offers a future for those still working on site and that the job numbers described by Puma are real and long term. Unfortunately though, there can be no doubt that the end of Refining in Milford Haven, together with the well paid and secure jobs lost, has been a hammer blow for the local economy. Hundreds of people, including my brother, lost their jobs just before Christmas and delivering alternative, well paid employment in Pembrokeshire has to be the absolute priority and focus for decision makers in the coming months and years.”
Cllr Miller added: “Pembrokeshire can’t just be a nice place to visit, it has to be a great place to live and work too. Nothing is more important for maintaining vibrant communities than ensuring people can earn a living and can support their families here in Pembrokeshire”.
In a statement a spokesman for Puma Energy, which employs 7500 people globally, said: “This in total adds approximately 1.4Mm3 of storage capacity to Puma Energy’s midstream operations of 5.6Mm3. Under the terms of the agreement, which represents Puma Energy’s first acquisition in the United Kingdom, the Company will acquire the assets and convert the site into a state-of-the-art storage facility. Puma Energy are also delighted to be welcoming all the terminal and distribution employees. As one of the world’s largest independent, integrated midstream and downstream companies, Puma Energy says it will apply its extensive experience in fuel storage at the facility – the result of which will make Milford Haven, which it considers a key site securing the supply of energy to the UK and wider region during a period of change in European energy infrastructure.”

Big in Asia and Australia: Puma Energy
“The acquisition will complement Puma Energy’s existing global strategy of disciplined investing. It also signifies a significant strategic entry into the UK market for the supply of the full range of fuel products giving Puma Energy an immediate presence in the UK wholesale and distribution market. Milford Haven will provide another opportunity for Puma Energy to demonstrate its ability to operate to the highest of internationally-recognised environmental standards.”
The company advertises that it is experienced in working alongside various Environmental agencies across its geographic footprint of 45 countries. This includes a commendation by the US Environmental Protection Agency in Puerto Rico for its works at its Bayamon terminal and for globally constructing five state-of-the-art terminals in 2014.
Pierre Eladari, CEO for Puma Energy told The Herald: “Puma Energy continues our focused strategy of connecting supply from International markets to local distribution demand.”
Community
Eisteddfod-themed lanterns light up Cardigan in spectacular celebration
THOUSANDS turned out for Small World Theatre’s Cardigan Giant Lantern Parade on 5 December, a flagship event of this year’s Festival of Light. This year’s theme, inspired by the upcoming Eisteddfod y Garreg Las, brought colour, creativity and community spirit to the streets of Cardigan.
The Parade was made possible thanks to the UK Shared Prosperity Fund, administered and supported by the Cynnal y Cardi team at Ceredigion County Council, with further support from National Lottery Awards for All and Cardigan Town Council.
Cardigan’s Mayor, Cllr Olwen Davies, joined the celebrations as Samba Doc, Jake Caswell and a spectacular array of giant lanterns led hundreds of participants through the town. The procession wound its way to the quayside, delighting thousands of spectators who lined the route.
Among the standout creations were large lanterns made by pupils from Ysgol Uwchradd Aberteifi, Clwb Gwawr and Cardigan Rowing Club. Welsh lady hats and top-hat lanterns, crafted by local primary school pupils, added extra charm to the festive spectacle.

Now in its seventh year, the Lantern Parade has become a cornerstone of Cardigan’s winter calendar, drawing significant footfall and boosting the local economy. Alongside the Parade, Small World Theatre has developed a Festival of Light Trail — an immersive after-dark experience running from 4:30pm to 9pm, with buildings and shop windows illuminated across the town.
Mayor of Cardigan, Cllr Olwen Davies, said: “We’re so lucky to have this annual celebration that unites the town and is a Christmas treat for all. Congratulations to Small World Theatre’s team and volunteers for creating another wonderful evening.”
A spokesperson for Small World Theatre added: “Thanks to everyone who helped — Ceredigion County Council, Cardigan Town Council, the marshals from Cardigan Show and Barley Saturday Committees, Cardigan Castle, and our brilliant team and volunteers. And special thanks to Samba Doc and Jake for the joyful rhythms. Together we created a very special event for all.”
There is still time to support Small World Theatre’s fundraising appeal. Every contribution helps ensure this magical community event continues for years to come.
News
Rising AI demand fuels fears of higher laptop and console prices
Experts warn memory costs could increase, but analysts say wider market forces also at play
A SURGE in global demand for advanced computer memory — driven in part by rapid AI expansion — is raising concerns that laptops, consoles and smartphones could become more expensive in the months ahead.
Industry observers say one factor is a series of major supply agreements involving OpenAI’s “Stargate” project and South Korean manufacturers Samsung Electronics and SK Hynix, which produce much of the world’s high-performance memory. Reports suggest the deal covers hundreds of thousands of chips per month, though the exact proportion of global output remains disputed.
Some experts argue the increased competition for components is already pushing up prices. Others caution that the situation is more complex, with global supply chains, cyclical semiconductor markets and post-pandemic production shifts also contributing to cost pressures.
Memory prices rising — but reasons vary
Several tech companies have reported steeper wholesale costs. According to the open-source tech community around self-build manufacturer Framework, memory modules that were around £100 in late summer are now retailing for several hundred pounds. Framework temporarily delisted its standalone memory kits, citing concerns about scalpers reselling them at inflated prices.
Higher memory requirements in modern phones — with many Android models now starting at 8GB or more — mean manufacturers face difficult decisions about absorbing the cost or passing it on at the till.
Analysts note that memory prices were already forecast to rise after a prolonged slump, with chipmakers gradually winding down production in 2023–24 following weak global PC sales. That has tightened supply even before AI-related demand is factored in.
Small businesses and consumers feel exposed
Colette Mason, an author and AI consultant at Clever Clogs AI, warned that the people most affected will be those who rely on affordable tech.
She said: “We’ve been told AI will democratise everything. But if essential hardware jumps in price, the people hit hardest are students, small business owners and pensioners who simply need a working laptop. It doesn’t feel very democratic when core components suddenly cost several times more.”
Rohit Parmar-Mistry, founder of Burton-on-Trent data firm Pattrn Data, said rising memory costs risk becoming a “quiet tax” on UK businesses.
“A 300% increase in a single component doesn’t just affect gamers,” he said. “It affects every company that needs to refresh equipment. If hardware becomes a luxury item, then AI tools have to start delivering real value rather than hype.”
Other experts say consumers may have options
Not everyone believes the public will be forced into steep upgrades.
Mitali Deypurkaystha, an AI strategist, said many people can avoid paying inflated prices altogether.
“Most AI runs in the cloud,” she said. “You don’t need the newest memory to use ChatGPT. If consumers choose refurbished or older components instead of paying top-end prices, chipmakers will feel that pressure. We’re not entirely powerless.”
Chipmakers yet to respond directly
OpenAI referred Newspage to earlier comments by CEO Sam Altman, who said Korea had the talent and infrastructure to be a “global leader in AI” and praised collaboration with Samsung, SK Hynix and the Korean government.
Samsung and SK Hynix — the two dominant memory producers — have not commented publicly on the reported long-term allocation agreements. Industry analysts say it is common for manufacturers to prioritise high-value enterprise clients during supply squeezes, but warn that consumer-level disruption depends on how quickly production capacity ramps up in 2025–26.
A price rise — but how steep?
Despite strong warnings from consultants, economists say it is too early to know whether UK consumers will face increases as high as “£300 more”, because:
- Manufacturers may absorb part of the cost
- Retailers often buy components months in advance
- Prices could stabilise if chipmakers expand output
- The worst spikes tend to occur in niche or high-performance modules
However, all agree that AI’s appetite for hardware is now a major force shaping the global tech market, and that ordinary consumers are likely to feel at least some impact.
News
A487 at Newgale reopens as council clears storm debris
Flood warning lifted but coastal roads still affected after overnight waves
THE A487 at Newgale has reopened this morning after Pembrokeshire County Council crews worked at pace to clear heavy shingle and debris washed across the carriageway during last night’s storm.
Machinery was deployed early today to remove pebbles thrown up by large waves, allowing the main coast road to reopen. Teams have now moved on to Welsh Road, Newgale, where further deposits are being cleared.
The Flood Warning for Newgale is no longer in force, though the council warns that large waves are still hitting coastal areas and visitors should remain cautious.
Debris has also been reported at Nolton and Broad Haven, with crews expected to attend once operations in Newgale are completed.
Significant storm wash has been recorded elsewhere on the coastline, including at Wiseman’s Bridge, where large stones and sand have been strewn across the roadway. The scene was captured this morning by local photographer Malcolm Richards.
Commons Road in Pembroke is currently flooded but remains passable with care.

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