All Murco articles – Page 2

  • News

    Murco sells refinery and is close to petrol station deal

    2014-08-13T00:00:00Z

    The sale of Murco’s Milford Haven refinery has been confirmed while Murphy Oil Corporation is also close to a deal on its network of petrol stations. The company announced last Thursday that its wholly-owned subsidiary, Murco Petroleum had signed an agreement to sell its Milford Haven refinery and terminal assets ...

  • MFG signs deal to buy Murco’s retail business
    News

    MFG signs deal to buy Murco’s retail business

    2014-08-11T00:00:00Z

    Murco has signed a £200m deal to sell its retail business, including 228 forecourt sites it owns, to Top 50 Indies forecourt operator Motor Fuel Group (MFG). The deal has been carried out with the support of private equity group Patron Capital Partners and oil industry veteran Alasdair Locke, ...

  • MFG owner in talks to buy Murco network
    News

    MFG owner in talks to buy Murco network

    2014-07-16T00:00:00Z

    The owner of Top 50 Indie Motor Fuels Group (MFG) is in talks to buy more than 225 Murco filling stations put up for sale by their US owner Murphy Oil. Private equity group Patron Capital, which bought MFG in 2012 and a further portfolio of 54 Murco filling ...

  • News

    Exclusive talks could mean Murco sale is on

    2014-07-12T00:00:00Z

    Negotiations about the sale by Murphy Oil of its Murco business in the UK, including its Milford Haven oil refinery, were in the final stages according to a number of reports, as Forecourt Trader went to press. According to Reuters, oil entrepreneur Gary Klesch was in the final stages of ...

  • News

    Talks nearing conclusion on Murco sale

    2014-06-26T00:00:00Z

    Negotiations about the sale by Murphy Oil of its Murco business in the UK, including its Milford Haven oil refinery, are in the final stages according to a number of reports. According to Reuters oil entrepreneur Gary Klesch was in the final stages of exclusive talks with Murphy Oil ...

  • News

    Murco management seek to buy company

    2014-06-09T00:00:00Z

    Murco’s network of filling stations could be involved in a management buyout together with the company’s threatened oil refinery at Milford Haven. Managing director Tom McKinley has told staff he is taking a leave of absence while he works on the plan. Brian Kelly, head of Murphy’s business ...

  • Murco management looking into potential buyout
    News

    Murco management looking into potential buyout

    2014-05-21T00:00:00Z

    Murco’s network of filling stations could be involved in a management buyout together with the company’s threatened oil refinery at Milford Haven. Managing director Tom McKinlay has told staff he is taking a leave of absence while he works on the plan. Brian Kelly, head of Murphy’s business ...

  • News

    Murco reassures its retailers after set-back over refinery

    2014-05-08T00:00:00Z

    Murco has revealed that it has stopped buying crude oil to be processed at its Milford Haven refinery in South Wales, as talks about its future continue, but insists this will have no impact on its retail and wholesale operation. In a statement Murco said: "We are actively engaged ...

  • Murco reassures retailers over supplies
    News

    Murco reassures retailers over supplies

    2014-05-02T00:00:00Z

    Murco has moved to reassure its retailer customers after revealing earlier this week that it has stopped buying crude oil to be processed at its Milford Haven refinery in South Wales. In a statement on Monday, Murco said: “As we have said, we are actively engaged with certain third ...

  • News

    Murco stops buying crude oil to be processed at Milford Haven

    2014-04-30T00:00:00Z

    Murco has revealed that it has stopped buying crude oil to be processed at its Milford Haven refinery in South Wales, as talks about its future continue. In a statement on Monday, Murco said: “As we have said, we are actively engaged with certain third parties that have expressed ...

  • News

    Government task force set up to secure Murco refinery

    2014-04-11T00:00:00Z

    A task force to secure the future of Murco’s refinery at Milford Haven has been set up by the Welsh Government following the collapse of the deal to buy Murco, included its filling station business. Economy minister Edwina Hart announced today (Friday, April 11) the establishment of a high-level ...

  • News

    Murco sale "this month"

    2014-04-03T00:00:00Z

    Murco’s US parent business is set to sell its UK business this month to a private equity firm, Greybull Capital, for more than $500m, according to sources close to the negotiations. Murphy Oil has had a long-stated aim of selling off its UK business and last month a spokeswoman ...

  • News

    Murco chooses Philips for upgraded lighting

    2014-04-03T00:00:00Z

    Murco Petroleum is upgrading the lighting in its forecourt shops to LED luminaires provided by Philips Lighting, as part of its rolling refurbishment programme. Murco has a network of over 225 company-owned service stations across England, Scotland and Wales, each with a retail outlet operated under the Costcutter brand. ...

  • News

    Murco sell-off predicted next month

    2014-03-28T00:00:00Z

    Murco’s US parent business is set to sell its UK business next month to a private equity firm for more than $500m, according to sources close to the negotiations. Murphy Oil has had a long-stated aim of selling off its UK business and two weeks ago a spokeswoman confirmed: ...

  • News

    Sale of Murco said to be at advanced stage

    2014-03-19T00:00:00Z

    Murco’s US parent business has confirmed it is in advanced talks on the sale of its UK business. Murphy Oil has had a long-stated aim of selling off its UK business and a spokeswoman said: “Discussions with regard to the sale of the Murco UK business by its US ...

  • News

    Murco introduces new LED lighting

    2014-03-14T00:00:00Z

    Murco Petroleum is upgrading the lighting in its forecourt shops to LED luminaires provided by Philips Lighting, as part of its rolling refurbishment programme. Murco has a network of over 225 company owned service stations across England, Scotland and Wales, each with a retail outlet operated under the Costcutter ...

  • News

    Murco extends its deal with Costcutter

    2013-10-07T00:00:00Z

    Murco Petroleum and Costcutter Supermarkets Group are to continue their partnership with a new three-year contract to supply Murco’s 230 company-owned forecourts across the UK. This further extends the relationship between the two companies that began in 1996 and covers both the Murco full supermarket and smaller ’Express’ store formats. ...

  • News

    Murco and Costcutter extend partnership with new three-year deal

    2013-09-12T00:00:00Z

    Murco Petroleum Ltd and Costcutter Supermarkets Group are to continue their partnership with a new three year contract to supply Murco’s 230 company-owned forecourts across the UK. This further extends the relationship between the two companies that began in 1996 and covers both the Murco full supermarket and smaller ‘Express’ ...

  • News

    Murco clarifies over portfolio purchase

    2013-09-06T00:00:00Z

    Murco has reacted to an article in the September issue of Forecourt Trader about the sale of 54 filling stations that it operates. In a statement it said: “Referring to the recent news item about Patron Capital buying a portfolio of 54 stations (which appeared on page five of ...

  • News

    Day in the Life: Variety means the days fly by for Murco’s Mike

    2013-08-07T00:00:00Z

    My day invariably starts off with the Tarzan call of the Chris Evans’ breakfast show at 6.30am (not everyone’s cup of tea I know, but the show gets me off to a good start). The first and possibly most difficult task of the day is getting my teenage son out ...