News
REFINERY SALE A STEP CLOSER
London based investment firm tipped to purchase Murco plant- Greybull Capital tipped to buy the struggling refinery
- Plant and retail petrol stations would continue operating
MURPHY OIL is in advanced talks to sell its Milford Haven refinery to a low-profile private equity fund that will continue operating the struggling plant, sources familiar with the situation said on Tuesday.
The American oil giant has been trying to sell the 135,000 barrels-per-day plant and its Murco petrol stations for around four years. But buyers who were willing to keep it running have proved elusive as European refineries fight for survival due to failing demand.
A deal is now moving closer with London-based Greybull Capital after it had agreed to fund a major planned maintenance at the plant within the next 18 months, sources said.
“There is a form of agreement pending finance,” said a source close to the negotiations.The maintenance turnaround at Milford Haven was expected to cost less than $75 million, the source said. The full cost of the deal was unclear.
The source said that a commitment to fund the turnaround was vital to prevent any buyer from running the plant for a short time before closing it down to sell assets, or demand a government bailout. Greybull has in the past focused on financing deals to buy struggling British high street chains such as the ultimately doomed electrical goods outlet Comet. It declined to comment on the Milford Haven discussions.Greybull would probably need to partner with either a commodity trading house or a bank with trading capabilities in order to secure the funding for the deal to keep the 450 employees in place.
“They are trying to raise the money in order to keep the work force in place,” an industry source said.
A spokeswoman for Murco, the Murphy Oil subsidiary that operates the refinery, confirmed talks for the sale of the refinery were coming closer to a conclusion.
“Discussions with regard to the sale of the Murco UK business by its U.S. parent, Murphy Oil Corporation, are ongoing and are at an advanced stage,” Emma Murphy said in an email.
Retail Outlets
Murco’s 400 petrol stations across the country would also be part of the deal.
“The buyers will purchase the Murco name and the supply system which will continue to supply the Murco petrol stations,” the industry source said.
Murco also operates three storage and distribution terminals in Britain which are supplied by rail from the refinery and handle around 2 million tonnes of oil product a year, according to the company’s website.
The Welsh plant, like other British and European refineries, has struggled in recent years due to weak demand in the region and in its U.S East Coast export market, as well as growing competition from U.S., Russian and Asian plants – factors which have hammered margins.
India’s Essar Energy said last month it will shutter one third of its production capacity at Britain’s second-largest oil refinery Stanlow.Last year the Grangemouth refinery in Scotland was brought to the brink of closure following a bitter industrial dispute, after owner Ineos said it needed to slash costs to keep it viable.
This followed the closure of the Coryton plant owned by bankrupt Petroplus which closed in 2012. Greybull is led by the brothers Nathaniel and Marc Meyohas, who operate from a small office in London’s Knightsbridge. The pair try to keep a low profile but shot to fame two years ago when they were involved in the Comet scandal.
Greybull was among the backers that had bankrolled a buyout of the electricals retailer by the former banker Henry Jackson, who sparked outrage when he pulled the plug on Comet just months later, triggering thousands of job losses.
The investment company has declined to comment on their plans over the Murco site. Councillor David Pugh, Cabinet Member with Responsibility for Economy, Tourism, Communities and the Voluntary Sector, said: “We have been aware for some time that Murco is in advanced discussions with a potential purchaser. We are pleased to hear that these negotiations are now nearing completion and that the future of the Refinery is looking more secure.
He added: “Our officers, together with the Welsh Government’s Energy and Environmental team, are in regular contact with Murco and the company is aware of our support for them and whoever acquires the business.”
Who is behind Greybull Capital?

THE OFFICES of Greybull Capital are discreetly placed in the heart of London’s upmarket Knightsbridge.
These are the offices of the company reported to be behind the proposed purchase of the Murco’s operations in the UK, including petrol stations and crucially for Pembrokeshire the refinery at Milford Haven.
Behind tinted windows, brothers Marc and Nathaniel Meyohas have been behind the financing of takeovers of well-known troubled brands and High Street names, such as Game and most famously Comet. Last year the company was involved in the rescue and restructuring of Metaltrax, a West Midlands-based manufacturer of bakeware and kitchen accessories, saving a reported 387 jobs.
Greybull was closely involved in the investor group behind OpCapita’s purchase of troubled electrical retailer Comet. The withdrawal of support by a key American investor before Christmas 2012 caused Comet to collapse with the loss of 7,000 jobs at the retailer’s stores nationwide.
Before founding Greybull Capital, Marc Meyohas was the founder and CEO of Cityscape a leading provider of digital urban networks in the UK. Nathaniel Meyohas is no stranger to the petrochemical industry, having in the past been involved in arranging a shareholder loan of $40m to multinational company Manoir Industries.
Most recently Greybull Capital have acquired the British assets of plastic bottle maker Constar for a reported $8m.
News
Kurtz criticises Tufnell over GP pressures at Argyle Medical Centre
Local MS says Welsh Government decisions are root cause of crisis
CONSERVATIVE Senedd Member Sam Kurtz has criticised Labour MP Henry Tufnell after the MP suggested GP practice management should be held accountable for patient dissatisfaction at Pembroke Dock’s Argyle Medical Centre.
Patients registered at the surgery have for years raised concerns about access to appointments, particularly difficulties securing same-day consultations and long waits to get through on the phone.

Speaking to BBC Wales, Mr Tufnell said he had discussed the situation with the Health Board’s Chief Executive and claimed the senior official “feels powerless” to intervene.
He said: “I’ve spoken to the Chief Executive of the Health Board, and he feels powerless to do anything about it. We need to come together and hold the management of these surgeries to account; there must be transparency about what they’re doing, and, fundamentally, we need reform in the system.”

Mr Kurtz responded angrily, arguing that responsibility for reforming NHS Wales rests with the Welsh Government, not GP surgeries or frontline staff.
He said: “I don’t think it’s very helpful to point the finger at the surgery and suggest the fault lies with them when staff are working incredibly hard.
“If he wants to point the finger, it should be at his Labour colleagues in Cardiff Bay, who have continuously piled pressure onto GP practices by imposing contracts that are extremely difficult to deliver. That is why surgeries like Argyle are under such strain.”
Mr Kurtz later told The Pembrokeshire Herald that the problems faced by GP practices across Pembrokeshire were the result of long-term policy failures rather than poor local management.
“As someone born and raised in Pembrokeshire, I have seen first-hand the damage caused by the Welsh Labour Government’s mismanagement of our local NHS, despite the dedication and professionalism of frontline staff who continue to do their very best in increasingly challenging conditions,” he said.
“Anyone seeking to place the blame on NHS staff should back off. The fault does not lie with them. Real improvement will only come through properly supporting GP practices, listening to their concerns and working with them rather than against them.”
Argyle Medical Group is the second-largest GP practice in Wales, serving around 25,000 registered patients with nine GPs — an average of approximately 2,800 patients per doctor. In 2021, the practice had the equivalent of 10.75 full-time GPs and was actively seeking to recruit more.
However, ongoing recruitment difficulties forced Argyle to withdraw from its contract at St Clement’s Surgery in Neyland and reduce hours at St Oswald’s Surgery in Pembroke. Following the Neyland closure, patients were transferred to the Neyland and Johnston Medical Practice, which later handed back its GP contract after retirements and further recruitment problems. Those patients are now treated by salaried and locum GPs employed by the Health Board.
Similar pressures are being felt across Pembrokeshire, from Tenby in the south-east to St Davids in the north-west. While Wales does not face “GP deserts” on the same scale as the well-documented shortage of NHS dentists, reduced access to general practice has contributed to more patients attending hospital for conditions once routinely dealt with by GPs. This has placed additional strain on hospital services and staff.
In 2018, the Welsh Government pledged to recruit 1,000 additional GPs into NHS Wales. While overall GP headcount has risen, the number of full-time GPs has continued to fall. Many newer recruits work part-time, as locums, or on limited contracts, meaning fewer doctors are available in practice on a day-to-day basis.
Newly qualified GPs have also tended to favour larger urban centres, particularly along the M4 corridor and in north-east Wales, where professional support and career opportunities are greater. Critics argue that Welsh Government recruitment and retention strategies have failed to address persistent shortages in rural and coastal communities.
There are also ongoing shortfalls in independent prescribing pharmacists and community nursing staff, limiting efforts to relieve pressure on GP surgeries.
Mr Kurtz said: “The foundation of NHS care — with GPs as the first point of contact — has buckled. Blaming GP staff is a distraction. The issues are structural, long-term and political, and ultimately the buck stops in Cardiff Bay.”
Crime
Pembrokeshire man sent to Crown Court over death by careless driving charge
A PEMBROKESHIRE man has been sent to the Crown Court to stand trial accused of causing a death by careless or inconsiderate driving.
Alexander MacCallum, aged 28, of Beach Road, Llanreath, Pembroke Dock, appeared before Llanelli Magistrates’ Court on Wednesday (Dec 18).
The court heard that MacCallum is charged with causing death by careless or inconsiderate driving following an incident on Thursday (June 13, 2024).
No plea was entered at this stage of the proceedings.
Magistrates were told the case was too serious to be dealt with at magistrates’ level and ordered that it be sent to the Crown Court for trial.
MacCallum was sent to the Crown Court on unconditional bail, with further proceedings to take place at a later date.
The prosecution was brought by Dyfed-Powys Police. No defence solicitor was formally recorded at the hearing.
Health
NHS Wales spends more than £15.5m on agency radiographers as pressures grow
NHS WALES has spent more than £15.5 million on agency radiography staff over the past five years, as mounting pressure on diagnostic imaging services raises concerns about long-term workforce sustainability.
Figures obtained by the Welsh Liberal Democrats through Freedom of Information requests show that spending on temporary radiographers almost doubled between 2020/21 and 2023/24, despite relatively low headline vacancy rates across Welsh health boards.
Radiographers carry out X-rays, CT, MRI and ultrasound scans, which are essential to emergency care, cancer diagnosis, trauma treatment and elective surgery. Delays or shortages in imaging services can have a knock-on effect across patient pathways, slowing diagnosis and treatment.
The data also highlights an ageing workforce. More than a quarter of radiographers in Wales are aged over 50, with more than one in ten aged 55 or above. In some health boards, a significantly higher proportion of staff are approaching retirement age, raising concerns that experienced radiographers could leave faster than they can be replaced.
Betsi Cadwaladr University Health Board recorded the highest agency spend, at more than £8.1m over the period covered by the FOI requests. Other health boards also reported growing reliance on temporary staff to maintain services, particularly where specialist skills are required.
While official vacancy figures remain comparatively low, professional bodies have previously warned that vacancy data does not always reflect pressure on services, as posts can be held open or covered through overtime and agency staff rather than filled permanently.
Diagnostic imaging demand has increased steadily in recent years, driven by an ageing population, advances in medical imaging technology, and rising referrals linked to cancer and long-term conditions.
Commenting on the findings, Welsh Liberal Democrat Leader Jane Dodds MS said:
“Radiographers are absolutely vital to the NHS. From diagnosing cancer to treating people in A&E, the vast majority of patient journeys depend on timely access to scans.
“These figures show a system increasingly relying on expensive agency staff while failing to plan properly for the future workforce. That is not fair on patients, and it is not fair on staff who are already under huge pressure.
“The Welsh Labour Government must take urgent action to improve recruitment and retention, support experienced staff to stay in the workforce for longer, and ensure NHS Wales has a sustainable radiography workforce fit for the future.”
The Welsh Government has previously said it is working with health boards to improve recruitment and retention across NHS Wales, including expanding training places and supporting flexible working arrangements to help retain experienced staff. Ministers have also pointed to record numbers of staff working in the NHS overall, while acknowledging ongoing challenges in hard-to-recruit specialties.
However, opposition parties and professional bodies continue to warn that without long-term workforce planning, reliance on agency staff could increase further, adding to costs and pressure on already stretched diagnostic services.
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