Fading hopes for UK's Milford Haven refinery as sale collapses
Greybull Stewardship private-equity fund have pulled out of talks with the refinery's owner
The UK is facing another loss of refining capacity, after US company Murphy Oil said talks to sell its Milford Haven, Wales, refinery had collapsed. In early April the firm broke off exclusive negotiations with the prospective buyer, the Greybull Stewardship private-equity fund, after deadlines had been missed. Murphy said it was talking to "a small number of interested parties", but noted that it had been trying unsuccessfully to sell the facility for more than three years. The 135,000 barrels a day (b/d) refinery, on the western tip of Wales, is the smallest of the UK's remaining seven refineries but it benefits from the deep-water port at Milford Haven, which can accommodate tankers of up
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
