News
Sale of refinery is close to collapse

ONLY one bidder remains as a possible buyer for Murphy Oil’s 130,000 barrels-per-day Milford Haven refinery, but the process is close to collapse, a source familiar with the matter said on Sunday.
The refinery, operated by U.S. oil and gas company Murphy Oil subsidiary Murco, is the latest British plant to face closure as the industry battles lower demand and increased competition from new, modern refineries in the Middle East and Asia.
Officials at Murphy Oil were not immediately available for comment. The source told the Herald a last bidder was still in the running to buy the plant as a going concern although the bid was seen as having little chance of success.
Many analysts believe the plant is likely to be turned into a storage terminal.
The refinery has been up for sale for three years, but Murphy Oil has failed to find a buyer for the plant, which employs nearly 400 in West Wales.
It is believed that at least two companies were offered the plant for free, plus a dowry worth tens of millions of pounds.
Fears that the refinery could close follow the battle to save the Grangemouth refinery complex, on the Firth of Forth, Scotland.
A spokesman for the Welsh government said: We maintain regular contact with Murco and will continue to communicate with them about their operation in Wales.
Pembrokeshire councillor John Allen-Mirehouse, former cabinet member for regeneration and economic development on Pembrokeshire County Council said: This is a turbulent time for oil refining and the industry in Pembrokeshire is not exempt from these pressures.
I would be horrified if the refinery closed. The jobs there are very skilled, well paid and very important to the community.
The Milford Haven refinery can process up to five million tonnes of crude oil per year. Murco bought 30% of the then Amoco refinery in 1981 and acquired the remaining 70% in December 2007.
It was first reported that the Milford Haven site was threatened last year when Murphy chief executive David Wood said that in the absence of an offer the company was evaluating the potential conversion of the facility into a storage terminal.
Since then, the plants economic performance has slipped further as oil margins in the UK have come under pressure.
In its preliminary results, published on October 30 this year, Murphy Oil planed weaker margins at the Milford Haven refinery for a loss of $22.7m (£14.23m) in its UK refining and marketing operations.
Production at the plant has fallen slightly in the last year to average 126,303 barrels a day over the last month, down from 132,282 barrels a day for the same period the previous year.
The Murco plant is one of two oil refineries in West Wales alongside the Valero plant at Pembroke which was sold by former owner Chevron in August 2011.
The possibility of a shutdown at the Milford Haven refinery is likely to cause fresh concern in Whitehall and with the Welsh Government.
The Scottish Government was quick to meet union leaders and management at Grangemouth, eventually averting the threat of closure.
Murco could not be contacted for comment.
Experts say that the refining industry, which was built up decades ago to convert North Sea crude into petrol and diesel, is struggling as domestic oil production falls and facilities age.
The number of refineries has dwindled from 18 to seven.
Milford Haven is the only refinery left in Murphy Oils empire after the company sold a pair of American sites.
The industry has also been weakened by the rise of diesel-powered cars as many refineries, including Murcos, mostly produce petrol.
In terms of size and complexity, the most marginal refinery Britain is Milford Haven because of its small capacity.
Business
Post Office spent £600m to keep using flawed Horizon system

Roch postmaster among those still seeking compensation
THE POST OFFICE has spent more than £600 million of public money continuing to use the discredited Horizon IT system—despite accepting more than a decade ago that it needed replacing.
New documents reveal that then Prime Minister Tony Blair and senior Labour ministers were warned as far back as 1999 about serious flaws in the original £548 million deal with Fujitsu. A Treasury memo at the time flagged that the Post Office would not own the core computer code, leaving them locked into the supplier and vulnerable to spiralling costs. Officials warned Fujitsu could use the situation to “drive a costly settlement.”
Since then, the total spent on Horizon contracts has reached £2.5 billion, including £600 million spent since 2012 when the Post Office first admitted it needed to move on from the system. Replacement efforts have repeatedly failed, with a £40 million IBM project abandoned in 2016 and another attempt scrapped in 2022.

The latest replacement project—an internal system called New Branch IT (NBIT)—has run into delays and ballooning costs, with estimates now topping £1 billion. Despite past failings, the Post Office and Fujitsu are expected to remain in partnership until at least 2030.
The scandal surrounding Horizon continues to grow, following the wrongful prosecution of over 900 sub-postmasters. Although private prosecutions based on Horizon data were halted in 2015, campaigners say the damage done is still being felt by victims across the UK—including here in Pembrokeshire.
One of them is Tim Brentnall, who was just 22 when he and his parents bought the Roch Post Office. In 2010, he was prosecuted after a £22,500 shortfall appeared in the accounts—despite doing nothing wrong. Advised to plead guilty, he received an 18-month suspended sentence and 200 hours of community service. His conviction was quashed in 2021.
Earlier this year, Brentnall told the BBC he was “in disbelief” after being offered less than 17% of the compensation he had claimed. The offer came with a 50-page letter rejecting much of his legal and forensic case, and over 15,000 documents to sift through. He is now re-submitting the claim.
“There are people far older than me who should be enjoying their lives now,” he said. “Instead, they’re still fighting. People are dying without seeing justice. It’s not right.”
The Post Office says it is “fundamentally changing” as an organisation and has paid out more than £768 million to over 5,100 people affected by the Horizon scandal. However, many victims and campaigners say the compensation process remains slow, unfair, and deeply distressing.
Postal minister Gareth Thomas recently confirmed a further £276.9 million in government funding for the Post Office, including £136 million for future IT projects. He said the continued use of Horizon reflected “past underinvestment” and that postmasters needed better tools going forward.
A spokesperson for Tony Blair said the former PM took concerns over the Horizon contract seriously at the time and acted on independent advice. “It is now clear the Horizon product was seriously flawed. Mr Blair has deep sympathy for those affected.”
A separate 1999 memo was also sent to then-Chancellor Gordon Brown, but a spokesperson for Mr Brown said he would not have seen it and had no involvement in awarding the contract.
Despite public statements about reform, doubts remain over whether NBIT will ever be delivered—and whether true justice will ever be achieved for those whose lives were torn apart by the Horizon scandal.
Business
Wales and Japan strengthen partnership at Tokyo investor showcase

WALES’ longstanding relationship with Japan was reaffirmed and deepened this week during a high-profile investor showcase in Tokyo, part of the Welsh Government’s Year of Wales in Japan 2025 celebrations.
The Wales Investor Showcase, hosted by Cabinet Secretary for Economy, Energy and Planning Rebecca Evans, brought together leading Japanese entrepreneurs and companies across a range of sectors, with a focus on fostering long-term trade links and collaborative ventures.
The event centred on strategic areas of mutual interest, including renewable energy, digital innovation, and advanced manufacturing. It marked a significant moment in the decades-old partnership between the two nations, which began with the first wave of Japanese investment into Wales in the 1970s. Today, over 70 Japanese companies operate in Wales.
Cabinet Secretary Rebecca Evans said: “Deep-rooted connections between Wales and Japan have flourished for generations, with trade links thriving over the last 50 years.
“With the world’s economies searching for stability and growth, now is the perfect time to strengthen our ties with Japan. The optimism surrounding our shared ambitions has been truly inspiring.
“The showcase was about forging new connections, building on existing relationships, and exploring opportunities for sustainable, mutual growth that will benefit both nations for the next 50 years and beyond.
“It also highlighted the skills, creativity and world-class innovation that define modern Wales.”
Kazushi Ambe, Senior Adviser of Sony Group, echoed the importance of the relationship:
“The partnership between Wales and Japan, built over more than half a century, reflects deep mutual respect, shared values, and a strong sense of connection.
“In a time of constant change, it is these enduring qualities that continue to unite us. This showcase was a valuable opportunity to strengthen that bond and explore new avenues for collaboration.
“As both sides embrace new challenges and pursue progress, I hope this partnership will continue to evolve and thrive.”
As part of her visit to Japan, the Cabinet Secretary will also host a Wales Day event at the Osaka Expo, promoting Welsh innovation, culture, and trade potential on the global stage.
In addition, the Welsh Government has announced two upcoming trade missions to Japan later this year, aimed at helping Welsh businesses explore export opportunities in one of Asia’s most significant markets.
Entertainment
Biggest feature film shot entirely in Wales released today

HAVOC, the biggest feature film ever shot entirely in Wales, premieres today (Friday, April 25) on Netflix. Backed by Welsh Government agency Creative Wales, the high-octane action-thriller stars Tom Hardy and is written and directed by Welsh-born Gareth Evans, known for The Raid, Apostle, and Gangs of London.

The film follows a deal gone wrong, with a bruised detective battling through a criminal underworld to rescue a politician’s estranged son. Production took place at Great Point Studios in Cardiff, Dragon Studios in Bridgend, and on location throughout South Wales.
Wales is rapidly emerging as one of Netflix’s key global production hubs. Recent hits like Sex Education—filmed at multiple South Wales locations over four seasons—were made possible through Creative Wales support, creating hundreds of local jobs and over 60 trainee placements. Many of these roles have led to permanent employment for young Welsh creatives.
According to a new economic impact report by Netflix, its Welsh-based productions have contributed over £200 million to the UK economy since 2020, involving more than 500 businesses across Wales.
In recognition of its Welsh roots, HAVOC will be available with Welsh-language subtitles, continuing Netflix’s commitment to accessibility and cultural inclusion. Previous Welsh-subtitled releases include The Adam Project, starring Ryan Reynolds, and Dal Y Mellt, the first Welsh-language drama on Netflix originally produced for S4C.

HAVOC is the latest in a series of high-profile productions supported by Creative Wales. Past successes include HBO’s House of the Dragon, Amazon’s Young Sherlock, and the acclaimed biopic Mr Burton.
To date, Creative Wales has invested £28.6 million in the screen sector—an investment projected to generate over £342 million for the Welsh economy. For every £1 invested, nearly £12 has been returned, funding over 420 trainee placements and apprenticeships and helping to build a sustainable pipeline of Welsh creative talent.

Anna Mallet, Vice President of Production, UK at Netflix, said: “From Sex Education to The Crown, and now HAVOC, some of our most beloved titles were filmed or produced in Wales. Blessed with incredible creative talent and beautiful natural landscapes, Wales is an amazing place to make entertainment. We’re proud that our Welsh productions continue to create enduring cultural and economic opportunities.”
Jack Sargeant, Culture Minister for Wales, added: “We are immensely proud of our Welsh creative industries, which employ over 35,000 people. With world-class infrastructure for film and television, we’re delighted to work with Netflix, HBO, Amazon and others to bring major productions to Wales. These collaborations support jobs, skills development, and bring significant investment into our economy—while showcasing the best of Wales to a global audience.”
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