Correspondent, London
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Apr 3, 2014

Murphy says UK refinery could close after deal collapses

LONDON, April 3 (Reuters) – Murphy Oil told staff on
Thursday it could be forced to close its loss-making Milford
Haven refinery in Wales after exclusive talks with a private
equity firm collapsed.

The Arkansas-based oil company’ UK subsidiary Murco said it
had started 45 days of consultation with employees and their
representatives on the future of the loss-making 135,000 barrels
per day refinery.

Mar 27, 2014

Exclusive: Murphy Oil nears $500 million sale of UK refining assets

LONDON (Reuters) – Murphy Oil (MUR.N: Quote, Profile, Research, Stock Buzz) is ready to exit British refining next month with the sale of its Milford Haven plant and retail assets to private equity fund Greybull Capital for over $500 million, sources close to the talks told Reuters.

Murco, a Murphy Oil subsidiary, is expected to sell its 135,000 barrels-per-day (bpd) refinery in Wales, oil inventories, storage facilities and hundreds of petrol stations across Britain, the sources said.

Mar 27, 2014

Oil rises towards $108, supply worries underpin prices

LONDON, March 27 (Reuters) – Brent crude oil rose towards
$108 a barrel on Thursday, supported by worries about potential
supply disruption due to the possibility of Western sanctions on
Russia’s energy sector.

The United States and the European Union agreed on Wednesday
to work together on preparing possible further economic
sanctions in response to Russia’s actions in Ukraine and to make
Europe less dependent on Russian gas.

Mar 27, 2014

Murphy Oil nears $500 mln sale of UK refining assets

LONDON, March 27 (Reuters) – Murphy Oil is ready to
exit British refining next month with the sale of its Milford
Haven plant and retail assets to private equity fund Greybull
Capital for over $500 million, sources close to the talks told
Reuters.

Murco, a Murphy Oil subsidiary, is expected to sell its
135,000 barrels-per-day (bpd) refinery in Wales, oil
inventories, storage facilities and hundreds of petrol stations
across Britain, the sources said.

Mar 27, 2014

Oil flat around $107, supply worries underpin prices

LONDON, March 27 (Reuters) – Brent crude oil held steady
around $107 a barrel on Thursday, underpinned by worries about
potential supply disruption due to the possibility of Western
sanctions on Russia’s energy sector.

The United States and the European Union agreed on Wednesday
to work together on preparing possible further economic
sanctions in response to Russia’s actions in Ukraine and to make
Europe less dependent on Russian gas.

Mar 25, 2014

World Chefs: Say Cheese pop-up plays with notions of English food

LONDON (Reuters) – Ellen Parr’s photographer father Martin is famous for a 1995 book that showed British food for what it was – greasy, heavy, unhealthy and, more often than not, fried.

Now, at a pop-up restaurant in a community hall in east London, Ellen Parr and partner Alice Hodge are serving dishes that may resemble the food Parr’s father so graphically portrayed in “British Food”. But they are given a few twists to make them healthier, more international and trendier.

Mar 18, 2014

Murphy Oil nears sale of UK refinery to fund

LONDON, March 18 (Reuters) – Murphy Oil is in
advanced talks to sell its Milford Haven refinery in Wales to a
low-profile private equity fund that will continue operating the
struggling plant, sources familiar with the situation said on
Tuesday.

Arkansas-based Murphy Oil has been trying to sell the
135,000 barrels-per-day plant and its Murco petrol stations for
around four years. But buyers who were willing to keep it
running have proved elusive as European refineries fight for
survival due to failing demand.

Mar 14, 2014

European, African oil flows to US as arbitrage re-opens

LONDON/NEW YORK, March 14 (Reuters) – U.S. imports of West
African and European crude are recovering once again after
shifting arbitrage economics made these shipments cheaper than
railed Bakken oil from North Dakota.

This week, BP booked a cargo of Norwegian crude oil to be
shipped to Philadelphia later in March, while another vessel of
North Sea crude oil was booked by Total to go to the Caribbean.

Mar 13, 2014

Shell says Nigerian oil theft costs billions

LONDON, March 13 (Reuters) – Royal Dutch Shell lost
nearly $1 billion through theft and various disruptions to its
Nigerian oil and liquefied natural gas (LNG) operations in 2013
and said that rampant oil theft is costing the country even
more.

The Anglo Dutch company, updating investors on its strategy,
also said that proposed Nigerian legislation had curbed
investment, hindering production, while security is a daily
challenge and oil theft “very material”.

Mar 13, 2014

Oil flat around $108; China data offsets supply worry

LONDON, March 13 (Reuters) – Oil held near $108 a barrel on
Thursday as weaker-than-expected Chinese economic data offset
worries about disruption of supply prompted by the stand-off
between Russia and Western powers over Ukraine.

Brent crude was down 24 cents to $107.78 at 1315
GMT, after ending 53 cents down at its lowest in a week. U.S.
crude was down 13 cents to $97.86.

    • About Simon

      "I am a senior correspondent at Reuters in London, working on the energy desk covering the oil market, both physical and futures, with a particular focus on oil products. I have been at Reuters since January 2007, and did stints on the foreign exchange and stockmarkets desk before moving to commodities. I sometimes write lifestyle pieces, and have a particular interest in food and literature."
      Joined Reuters:
      2007
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