Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.
desbarc33253

Milford Haven sold to Singapore energy firm



The Milford Haven oil refinery has been sold to a Singaporean energy company just months after separate sales talks collapsed.

Puma Energy is buying the facility in Wales from Murco Petroleum along with three inland terminals at Westerleigh, Theale and Bedworth. Puma, a subsidiary of the commodity trading giant Trafigura Beheer, has also purchased Murco's wholesale and distribution business in the UK.

Around 140 jobs across the four sites will transfer to Puma, which will expand Milford Haven's storage facilities as part of the company's first push into the UK.

Murco continued to operate the facility solely as a petroleum storage and distribution terminal.

Puma said it will make Milford Haven "a key site securing the supply of energy to the UK and wider region during a period of change in European energy infrastructure".

After the 50pc slump in the price of oil since last June, more companies are looking to store the commodity until prices recover.

Brent crude dropped more than 2.5pc on Friday to a month-low of $55.37 a barrel, bucking a recent trend of stable prices.

Why does our boiler always break down on the coldest day of the year?. I presume that it's just sod's law, but one recognised fact is that regular servicing of our gas central heating system will dramatically lessen the likelihood of breakdown, as well as safeguarding us from the deadly dangers of carbon monoxide poisoning. A new price comparison website has been launched that gives you quotes from registered "Gas Safe" engineers in your area. Click on the following link to read more about Gas Boiler Maintenance.

http://telegraph.feedsportal.com/c/32726/f/568776/s/445e31a1/sc/24/l/0L0Stelegraph0O0Cfinance0Cnewsbysector0Cenergy0Coilandgas0C114711270CMilford0EHaven0Esold0Eto0ESingapore0Eenergy0Efirm0Bhtml/story01.htm

Don't be the product, buy the product!

Schweinderl