News

REFINERY SALE A STEP CLOSER

Published

12 years ago

March 31, 2014

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?

behind greybull

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.

Charity

Foley House to become cancer support centre in memory of Adam Evans-Thomas

Published

29 minutes ago

March 27, 2026

Tom Sinclair

Historic Haverfordwest building set for transformation after years of neglect

A HISTORIC Haverfordwest building is set to be transformed into a major cancer support centre, breathing new life into one of Pembrokeshire’s most significant architectural landmarks.

Foley House, which has stood neglected for nearly 20 years, will become the new home of Adam’s Bucketful of Hope Cancer Support Centre—an ambitious project inspired by the life and legacy of Adam Evans-Thomas.

The plans were discussed at a recent meeting held at The Merlin Theatre, Pembrokeshire College, attended by local councillors, campaigners, and community supporters.

Speaking after the meeting, County Councillor for the Castle Ward and Chairman of the charity, Thomas Tudor, said it had been “lovely” to hear more about the building’s history and future potential.

He thanked guest speaker Mark Muller for outlining the history of Foley House, and Cris Tomos of PLANED for offering guidance on how the project could move forward. Tribute was also paid to The Bucket Music Makers and Chris Evans-Thomas for their continued support.

New purpose for historic building

Designed in 1791 by renowned architect John Nash—best known for his work on Regent Street, Regent’s Park and parts of Buckingham Palace—Foley House is regarded as one of Haverfordwest’s architectural gems.

Now, after years of decline, the building is set to be carefully restored and adapted to provide a modern, accessible centre for cancer support services.

The Herald understands the vision is to create a welcoming environment combining heritage with healthcare, including lifts, treatment rooms, and calm spaces designed for patients and their families.

Inspired by Adam’s legacy

The project builds on the legacy of Adam Evans-Thomas, who was diagnosed with Chronic Myeloid Leukaemia in his early twenties.

Despite years of treatment, Adam became known for his courage, humour, and compassion—qualities that inspired those around him. He died at the age of 35, but his story continues to shape cancer support services in Pembrokeshire and beyond.

Over the past 30 years, initiatives linked to his legacy have helped establish the PHODU ward at Withybush Hospital and a double ICU room at the University Hospital of Wales in Cardiff.

Friends and family are now aiming to take that legacy further by creating a dedicated centre of excellence in Haverfordwest.

Expanding support services

The new centre will not only continue existing support services but expand them, including therapies and treatments not always available through the NHS.

Plans also include a significant expansion of lymphoedema services, helping patients recovering from cancer surgery.

Alongside clinical support, Foley House will offer a wide range of wellbeing activities, including singing, gentle exercise, meditation, yoga, and arts and crafts.

Community at its heart

Organisers say the centre will be firmly rooted in the community, with volunteers and patients playing a central role.

A group known as the “Buckateers”—patients and volunteers aged 70 and over—will help bring energy and character to the project, including themed events celebrating the building’s Georgian heritage.

There are also plans to host performances by young musicians, creating a welcoming and uplifting atmosphere for visitors.

Call for support

With restoration work ahead, the charity is now seeking funding partners, grants, and corporate sponsors to help bring the project to completion.

Supporters say every contribution will help transform Foley House into a vital community resource—offering hope, care, and comfort to families across Pembrokeshire.

For more information, or to get involved, contact Adam’s Bucketful of Hope Cancer Support Centre at [email protected] or call 01437 779400.

Crime

E-bike seized after dangerous riding in Pembroke

Published

50 minutes ago

March 27, 2026

Court Reporter

A MODIFIED e-bike described as “dangerous” has been seized and will be destroyed following a prosecution at Haverfordwest Magistrates’ Court.

Twenty-four-year-old Joshua Miller, of Monkton, Pembroke, admitted driving dangerously, failing to stop for police, and riding without third-party insurance when he appeared in court on Tuesday (Mar 10).

He was disqualified from driving for 12 months, ordered to complete 150 hours of unpaid work, and must pay £85 costs along with a £114 surcharge. The court also imposed a deprivation order on the e-bike, which had been heavily modified at a reported cost of around £10,000.

The offences relate to an incident on September 6, when officers were called to central Pembroke shortly before midnight following reports of e-bikes being ridden in an anti-social manner.

Police said Miller was among a group of riders who verbally abused officers after being asked to stop while travelling through a narrow pedestrianised alleyway.

Officers approached Miller on a grass verge, but he accelerated the e-bike while two officers were holding onto him, propelling them forward before he was arrested.

The arrest formed part of a wider Dyfed-Powys Police operation targeting illegal e-bike use, including the deployment of SelectaDNA spray to forensically link riders to offences.

Superintendent Louise Harries, of the Pembrokeshire division, said: “This result reflects the determination of officers to tackle an issue that is causing real concern in our communities.

“It is only by good fortune that no one was seriously injured when Miller accelerated in this way.

“These modified e-bikes are often capable of travelling at far higher speeds than intended, and their use in public spaces can be both dangerous and intimidating.

“We are taking robust action to address this problem, and the seizure of this vehicle demonstrates that commitment.

“We would continue to urge members of the public to report any illegal or dangerous use of e-bikes so we can take action.”

Anyone with information can contact Dyfed-Powys Police online, by calling 101, or by emailing [email protected].

Cover image is a stock photo for illustrative purposes only

Community

Emergency services stage major coastal exercise in Milford Haven waterway

Published

58 minutes ago

March 27, 2026

Tom Sinclair

Coastguard, police, fire and ambulance crews take part in large-scale training operation

A MAJOR multi-agency search and rescue exercise is taking place off the Pembrokeshire coast today (Friday, March 27), involving coastguard teams alongside police, fire and ambulance crews.

The operation is centred on the waterway between Neyland and Mill Bay, including Neyland Marina.

Milford Haven Coastguard confirmed the exercise is designed to test emergency response capabilities, with multiple agencies working together on a simulated rescue scenario.

As part of the drill, several “man overboard” (MOB) training mannequins are being deployed into the water, while vessels and drones are also being used.

The exercise is being coordinated by Milford Haven Maritime Rescue Coordination Centre.

A Notice to Mariners has been issued, warning those using the waterway to proceed with caution.

Vessels are being asked to maintain a safe speed and give the exercise area a wide berth to avoid disruption to operations.

Anyone requiring further information can contact Milford Haven VTS on VHF Channel 12 or via email at [email protected]

The notice remains in force until 11:59pm today.