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Murco deal collapses

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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.

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Farming

Basic Payment Scheme 2025 balance paid to 95% of Welsh farmers

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Final year of BPS as transition to Sustainable Farming Scheme begins

The WELSH Government says more than ninety-five per cent of farm businesses have now received their full or balance payment under the final year of the Basic Payment Scheme (BPS), ahead of the introduction of the new Sustainable Farming Scheme (SFS) in 2026.

Announcing the update on Friday (Dec 12), Deputy First Minister and Cabinet Secretary for Climate Change and Rural Affairs, Huw Irranca-Davies, confirmed that over 15,400 Welsh farm businesses have been paid £68.7m. This comes on top of the £160m issued in BPS advance payments since 14 October.

Final round of BPS payments

The Basic Payment Scheme, which has been the backbone of farm support in Wales for a decade, provides direct income support to help farmers plan and manage their businesses. BPS 2025 marks the last year in which full BPS payments will be made before the scheme begins to be phased out.

The Cabinet Secretary said officials would “continue to process the outstanding BPS 2025 claims as soon as possible,” adding that all but the most complex cases should be completed by 30 June 2026.

Payments issued today represent the main balance due to farmers following earlier advances, giving many businesses the cash flow they need during the quieter winter period—traditionally a challenging time in the agricultural calendar.

Shift to Sustainable Farming Scheme in 2026

From 1 January 2026, the Welsh Government will begin rolling out the Sustainable Farming Scheme, a major reform to how agricultural support is delivered. The SFS will reward farmers for environmental outcomes such as habitat management, carbon reduction and biodiversity improvements, alongside continued food production.

The government has argued that the new scheme is essential to meeting Wales’ climate and nature targets while ensuring long-term resilience in the sector. However, the transition has been closely watched by farming unions, who have raised concerns about the administrative burden, income stability, and the speed at which BPS is being phased out.

Mr Irranca-Davies reaffirmed the government’s stance, saying: “This government is steadfastly committed to supporting Welsh farmers to sustainably produce quality food. This is demonstrated today in our payment of the BPS 2025 balance payments and will continue throughout the transition period.”

Sector reaction

Farming unions are expected to scrutinise the detail of today’s announcement, particularly around remaining unpaid cases. Last year, late payments led to frustration in parts of the sector, with unions calling for greater certainty as the industry faces rising input costs, supply chain pressures and continued market volatility.

The move to the SFS remains one of the most significant agricultural policy changes in Wales since devolution. Ministers insist the shift is designed to support both food production and environmental stewardship, while critics warn the transition must not undermine farm viability—especially for family-run livestock farms that dominate rural areas such as Pembrokeshire, Ceredigion and Carmarthenshire.

What happens next

Farmers still awaiting their BPS 2025 balance will continue to be processed “as soon as possible”, the Welsh Government said. Officials will also publish updated guidance on the Sustainable Farming Scheme ahead of its launch.

The coming year will therefore become a pivotal moment for Welsh agriculture, as the long-standing BPS framework—which provided over £200m annually to Welsh farmers—makes way for a new results-based model that will shape the industry for decades to come.

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News

Improved train timetable launches across Wales

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Extra services, later trains and boosted Sunday routes as £800m rail investment takes effect

An improved train timetable has come into force across Wales today (Sunday, 14 December), with Transport for Wales (TfW) introducing more frequent services, stronger connections and additional late-night trains on key routes.

The winter timetable update brings one of the most substantial uplifts in recent years on the Wales and Borders network, forming part of the Welsh Government’s ongoing £800 million investment in brand-new rolling stock and reliability improvements.

More trains and later journeys

Among the upgrades, passengers will see:

  • A new hourly additional service between Chester and Wrexham, effectively doubling the frequency on one of the region’s busiest commuter corridors.
  • An extra train in each direction every day on the Heart of Wales line between Swansea and Shrewsbury.
  • Three later last trains from Cardiff to Treherbert, Aberdare and Merthyr Tydfil, supporting shift workers and the night-time economy.
  • A new hourly Sunday service on the Coryton line in Cardiff.

Cabinet Secretary for Transport and North Wales, Ken Skates, said improved connectivity was “absolutely vital” for economic growth and passenger confidence.

“These changes will make a real difference to customers, who will benefit from more services and greater connectivity,” he said. “This has been made possible by our £800m investment in brand-new trains for the Wales and Borders network.

“We will see the doubling of trains between Wrexham and Chester and a later service from the capital to valley communities. In South Wales, people will continue to benefit from simpler, fairer fares through TfW’s Pay As You Go service, and its forthcoming introduction in North Wales will help even more passengers access easy, transparent pricing.”

Full details of the updated timetable are available at: tfw.wales/service-status/timetables

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News

Wrecked guard boat still under watch off north Pembrokeshire coast

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Tidal changes monitored after dramatic early-morning rescue

A GUARD VESSEL that ran aground off the north Pembrokeshire coast in the early hours of Thursday morning (Dec 11) remains under close observation as tides continue to shift.

The Resolute, a 24-metre guard boat understood to be working for an offshore wind project off the Irish coast, had been sheltering in worsening weather when she was pushed onto rocks near Aber Hywel, Dinas, shortly after 3:25am.

Four crew members were onboard when the vessel grounded in rough seas and a strong southerly wind.

Major rescue effort launched

The crew issued an emergency alert, prompting a full multi-agency response.
A coastguard rescue helicopter, both Fishguard RNLI lifeboats, and coastguard teams from Fishguard and St Davids were sent to the scene.

Turbulent air made a winch rescue impossible and Fishguard’s all-weather lifeboat was unable to get close due to cliffs and submerged hazards. The inshore lifeboat was instead deployed to attempt a transfer in extremely challenging conditions.

During the evacuation, the third crew member descending to the vessel’s life raft slipped, fell into the water and was swept away. Speaking afterwards, RNLI crew member Cedwyn Rogers said the team immediately switched into “hyper-focused” mode as training took over.

Despite the casualty drifting, helm Warren Bean — a volunteer with more than 30 years’ RNLI experience — manoeuvred the lifeboat alongside, allowing crew to haul the man to safety. The remaining crew member was then retrieved, and all four were taken aboard the all-weather lifeboat and brought ashore to Fishguard.

All rescue units were later stood down.

Vessel still stranded and taking on water

The Herald understands that the Resolute remained aground on the rocks yesterday and was taking on water. The crew were later assisted back onboard by a local fisherman to assess damage on behalf of the vessel’s operators.

Management representatives from Ireland were due to arrive to draw up a recovery plan, including arrangements to remove fuel to prevent any potential environmental impact.

Further inspections have been taking place today as the team evaluates the next steps.

Coastguard statement

A spokesperson for HM Coastguard said: “At 3.28am on Thursday morning, HM Coastguard was made aware of a vessel with four persons onboard aground on rocks at Fishguard, Pembrokeshire. RNLI lifeboats and coastguard rescue teams from Fishguard and St Davids were sent to the scene. The four people aboard were rescued by lifeboat, and the helicopter was stood down. The vessel, which is still aground, is being monitored as tidal conditions change.”

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