Connect with us
Advertisement
Advertisement

News

Murco deal collapses

Published

on

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

News

Judith Rhead murder investigation – Detectives given more time to question suspect

Published

on

POLICE have been given more time to question a 43-year-old man arrested on suspicion of murder.

The man has been in police custody since Saturday night, after being arrested over the death 68-year-old Judith Rhead.

She was found in a residential property in Market Street.

The police now have until Thursday afternoon (Feb 25) to question the suspect.

Continue Reading

News

All people eligible for vaccination will get theirs by end of July

Published

on

PEOPLE eligible for the coronavirus vaccine will get theirs by the end of July, the Health Minister has said.

Wales achieved its target of getting everyone in the first four priority groups vaccinated by the middle of February and is now working on offering the vaccine to those in groups 5 to 9.

The Joint Committee on Vaccination and Immunisation (JCVI) has set out that people with severe or profound learning disabilities or with a mental illness will be among priority group 6.

Mr Gething said that they were would make sure that no one is left behind.

The latest figures from Public Health Wales show that 878,506 people had received their first dose of the vaccine.

59,279 people have received both doses of the vaccine.

Vaughan Gething, Minister for Health and Social Services, said: “We have achieved our first milestone of offering everyone in the first four priority groups vaccination by mid-February.

“We are now making progress in achieving our next milestone, which is to offer the vaccine to all individuals in priority groups 5 to 9.

“The Joint Committee on Vaccination and Immunisation (JCVI) has set out that people with a severe/profound learning disability and individuals with schizophrenia or bipolar disorder, or any mental illness that causes severe functional impairment, should be invited for vaccination as part of priority group 6.

“There are challenges with identifying individuals within these groups, particularly given the JCVI language is not generally in use in Wales, and we are working hard to make sure that no one is left behind. Today we have published guidance on identifying eligible individuals in these groups and on how to support them to take up their vaccine offers.

“The JCVI has also said that some of our invaluable unpaid carers should be included in priority group 6.

“Today we have also published guidance on identifying those unpaid carers eligible for vaccine prioritisation and the process around this. I am grateful to the national carers’ organisations for their support with this work.”

Continue Reading

News

Council want your help to keep Pembrokeshire active

Published

on

PEMBROKESHIRE COUNTY COUNCIL is asking residents to give their views on local walking and cycling routes.

The Council aims to make journeys on foot and by bicycle easier, safer and more enjoyable for everyone.

In order to design a network that works for all, the Council would like to get the views of as many people as possible, particularly those who don’t currently walk or cycle. This will help ensure the routes built for walking and cycling work for the whole community.

The consultation focuses on the main towns and villages in Pembrokeshire which have been selected by Welsh Government as the designated localities in the County. These are:

  • Fishguard & Goodwick
  • Haverfordwest
  • Johnston
  • Milford Haven
  • Neyland
  • Pembroke Dock
  • Pembroke
  • Tenby
  • Saundersfoot
  • Narberth

Pembrokeshire Council is currently undertaking an Active Travel Network Map consultation (ATNM) which will run in 3 stages

Consultation 1: Residents can take part in the consultation exercise online, hosted by Commonplace at https://Pembrokeshire.commonplace.is/

The interactive map allows participants to flag issues, problems and successes on a plan of the active travel settlement and add comments. Such points could be for example, a pavement that is too narrow or a newly built cycle route that is regarded as a success.

The first stage of the consultation will close on 31 st March 2021.

Consultation 2: Following this, the second step of the consultation will see the Council share the initial findings and ask people what they think of the plans
proposed as a result of the feedback received.

Consultation 3: The third stage of the consultation will give members of the public a final say on the Active Travel Network Maps before they are sent to Welsh Government for approval. These maps will have been produced taking into account public feedback and ideas from consultations 1 and 2.

By upgrading facilities and creating new walking and cycling routes, the Council plans to make Active Travel the popular choice for local journeys, to increase the attractiveness of local communities as places to live and work, improve health and well-being, and help tackle air pollution.

Cllr Phil Baker, Pembrokeshire Council’s Cabinet Member for Infrastructure, said: “This consultation exercise will produce an Active Travel Network Map which will be a plan of routes the Council will use to inform where improvements to walking and cycling should be made in Pembrokeshire.

“It will help to make journeys on foot or by bicycle easier and safer for everyone, particularly those who don’t currently walk or cycle often and people who use mobility aids and will build on the increased level of walking and cycling that we have seen over the last 12 months during the pandemic.”

See more information on Active Travel at: https://www.pembrokeshire.gov.uk/fitness-and-well-being/active-travel

Continue Reading
News3 hours ago

Judith Rhead murder investigation – Detectives given more time to question suspect

POLICE have been given more time to question a 43-year-old man arrested on suspicion of murder. The man has been...

News1 day ago

Police investigate alleged rape of a child

DYFED-POWYS POLICE have confirmed that a 28-year-old man has been arrested on suspicion of raping a child in the south...

News1 day ago

Police confirm murder investigation underway following Judith Rhead’s death

THE POLICE have confirmed that the death of a woman, who died in Pembroke Dock on Saturday, is being treated...

News2 days ago

Deaths could be linked to salmonella in SFC chicken’s boneless buckets

THE FOOD STANDARDS AGENCY has issued an urgent warning about a chicken product sold in food stores across Wales. The...

News3 days ago

Pembroke Dock death being treated as suspicious, police confirm

POLICE  in Pembroke Dock are continuing to investigate the death of a woman in Market Street. A spokesman from Dyfed-Powys...

News4 days ago

Pembroke Dock: Police forensics team investigating death of woman in Market Street

THERE is a police presence in Pembroke Dock this evening as police, and forensics officers investigate the sudden death of...

News4 days ago

Stricken LPG tanker off Pembrokeshire coast rescued by super-tug ‘Bever’

AN LPG tanker which lost her engines and was adrift off the coast of Pembrokeshire is now under tow thanks...

News5 days ago

LPG tanker awaiting emergency rescue tug off the coast of Pembrokeshire

A LIBERIAN registered LPG tanker is awaiting rescue off the Pembrokeshire coast after developing engine trouble, The Herald can confirm....

News5 days ago

At least three more weeks of lockdown, First Minister confirms

FIRST MINISTER Mark Drakeford said he hopes the country has entered the last three weeks of the “stay-at-home” requirement. Mr...

News6 days ago

Urgent appeal over missing Milford Haven man

POLICE in Milford Haven are appealing for information to help find missing man Richard Golding. The 36-year-old was last seen...

Popular This Week