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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
