Murco Petroleum

The importance of the Murco Petroleum topic has been debated in academic and professional circles for a long time. With the advancement of technology and changes in culture and society, it has become increasingly relevant to understand and analyze Murco Petroleum in depth. Throughout history, Murco Petroleum has been a recurring theme in different contexts and disciplines, demonstrating its importance and impact on everyday life. In this article, we will examine the different aspects of Murco Petroleum, from its origin and evolution to its current implications and relevance for the future.

Murco Petroleum
IndustryOil & Gas
Founded1960 (1960)
FounderMurphy Oil Corporation
HeadquartersUnited Kingdom
Area served
United Kingdom
ProductsOil and gas exploration
production
Natural Gas & LNG
Trading & transportation
Oil refining
Chemicals
ServicesFuel stations
Websitewww.murco.co.uk
A Murco DAF CF Tanker in Ellesmere Port. (January 2013)

Murco is an oil refining company based in the United Kingdom. It was set up by Murphy Oil Corporation in 1960.[1] The company owns a forecourt-based chain of convenience stores of Costcutter.[2] Murco purchased a 30% stake in Amoco’s Milford Haven Refinery in 1981, and the remaining 70% in 2007.[3]

In 2008, the firm purchased Petrol Express Limited for £52 million from its parent company GNE Group, acquiring 63 petrol stations to bring its total to 230.[4]

After trying for two years to sell a Murco plant in the UK, in 2014, Murphy announced it would close the location.[5] It was announced in November 2014 that Milford Haven Refinery was to close with the loss of around 350 jobs.[6]

On 1 October 2014, the Murco retail business was sold by Murco Petroleum to independent forecourt operator MFG (Motor Fuel Group).[7] In 2016 MFG introduced a new look for Murco.[7] In 2015, Puma Energy Group purchased assets from Murco Petroleum, including a closed refinery at Pembrokeshire in Wales. Three of Murco's inland terminals in the UK were also acquired.[8]

References

  1. ^ "Murco". Murphy Oil Corporation. 7 March 2013. Retrieved 7 March 2013.
  2. ^ "Murco Petroleum". htec.co.uk. 20 September 2012. Retrieved 20 September 2012.
  3. ^ "Refining and Distribution". Murco in the UK. Murco Petroleum Ltd. 30 September 2011. Archived from the original on 30 September 2011. Retrieved 11 October 2011.
  4. ^ "Murco buys Petrol Express". News. forecourttrader.co.uk. 30 October 2008. Retrieved 11 May 2010.
  5. ^ https://www.reuters.com/article/idUSL6N0SU5XH/ [bare URL]
  6. ^ "Murco refinery sale collapses". BBC. 5 November 2014. Retrieved 11 November 2014.
  7. ^ a b "A Great New Look, A Great New Offer". www.murco.co.uk. 25 May 2016. Retrieved 2 June 2023.
  8. ^ "Puma Energy completes purchase of Murco's UK refinery, terminals". 2 July 2015.


Stub icon

This article about a natural gas or petroleum-related company is a stub. You can help Wikipedia by expanding it.