Murco Petroleum

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

In November 2014, it was announced that Milford Haven Refinery was to close, with the loss of around 350 jobs.[4] In October 2008, they purchased Petrol Express Limited for £52 million from its parent company GNE Group, and the 63 sites brought Murco's total number of petrol stations to 230.[5]

Murco Petroleum
IndustryOil and gas
Founded1960
FounderMurphy Oil Corporation
HeadquartersUnited Kingdom
Area served
United Kingdom
ProductsOil and gas exploration and production, natural gas and LNG trading and transportation, oil refining and chemicals
ServicesFuel stations
Websitewww.murco.co.uk
Murco Tanker
A Murco DAF CF tanker in Ellesmere Port.

References

  1. ^ "Murco". Murphy Oil Corporation. Retrieved 7 March 2013.
  2. ^ "Murco Petroleum". htec.co.uk. Retrieved 20 September 2012.
  3. ^ "Refining and Distribution". Murco in the UK. Murco Petroleum Ltd. Archived from the original on 30 September 2011. Retrieved 11 October 2011.
  4. ^ "Murco refinery sale collapses". BBC. Retrieved 11 November 2014.
  5. ^ "Murco buys Petrol Express". News. forecourttrader.co.uk. 30 October 2008. Retrieved 11 May 2010.

External links

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Centre for Renewable Energy Systems Technology

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Confederation of UK Coal Producers

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Energy Institute

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Energy Retail Association

The Energy Retail Association (ERA) was a trade association which promoted the interests of electricity and gas retailers in the domestic market in Great Britain, formed in 2003. In April 2012 it merged with the Association of Electricity Producers and the UK Business Council for Sustainable Energy to become Energy UK.

Fossil Fuel Levy

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Grid Trade Master Agreement

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Although electricity is a non-tangible asset, these agreements are used in order to trade guarantees to provide power for a certain length of time.

Milford Haven Refinery

Milford Haven Refinery was an oil refinery situated on the Pembrokeshire coast in Wales, United Kingdom. The refinery began operating in 1973 under Amoco's ownership, but in its final days it was owned by Murco Petroleum. The closure of the refinery was announced in November 2014. The site was sold to Puma Energy in 2015 for use as a petroleum storage and distribution terminal.

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In 2014 UK Power Networks was awarded £25 million from the electricity regulator Ofgem's Low Carbon Networks Fund for the Low Carbon London project. In 2011 it was awarded £6.7 million by Ofgem for another project, Flexible Plug and Play, which is researching new ways, technical and commercial, to connect renewable energy to the distribution network in Cambridgeshire.

As well as the three distribution arms UK Power Networks also operates UK Power Networks Services Holdings Limited, which develops and maintains electrical networks for clients including London Underground, Heathrow and Stansted airports, Docklands Light Railway and Canary Wharf.

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Western Power Distribution is a subsidiary of the American utility corporation PPL.

It should not be confused with WPD, a wind farm company in north-western Europe, or Western Power Corporation, an electricity distributor in Australia.

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