Company type | Public (TSX: GEI) |
---|---|
Industry | Oil and gas |
Founded | 1953 |
Headquarters | Calgary, Alberta , Canada |
Areas served | Canada and the United States |
Key people | James M. Estey, Chairman Steve Spaulding, CEO |
Revenue | C$5,592 million (2015) |
(C$280,7 million) (loss) (2015) | |
Total assets | C$3,283 million (2015) |
Total equity | C$1,167 million (2015) |
Website | www |
Footnotes /references Financials from Annual Report [1] |
Gibsons is a Canada-based midstream oilfield service company in the oil and gas industry. [2] [3] Its assets include pipelines, oil storage facilities, as well as a refinery in Moose Jaw. [4] It is listed on the Toronto Stock Exchange.
Gibsons was founded with the incorporation of its predecessor in 1953. [5] It was initially a subsidiary of Hunting plc, a British firm in the same business. Gibsons was sold by Hunting plc to an energy industry focused private equity fund managed by Riverstone Holdings in December 2008, for C$1.2 billion. [6] It was later listed on the Toronto Stock Exchange on June 14, 2011.
In 2012, Gibson bought Omni Energy Services for $445 million. [7] OMNI was an environmental services provider to the American oil and gas industry.
In 2016, Gibsons Energy rejected a $2.8 billion acquisition proposal from a Singapore private equity firm. [3] In 2017, it sold its industrial propane distribution business, Canwest Propane, to Superior Plus for $412 million. [8] In 2017, its largest shareholder called for the company to sell its non-core assets, and consider selling the whole company. [4]
Gibsons has facilities in locations in both the United States and Canada. It owns and operates a refinery in Moose Jaw that is Western Canada's largest supplier of the asphalt used for making roofing shingles. [9] It also runs a number of oil storage terminals, the largest of which is the Hardisty Terminal in Hardisty, Alberta.
Gibsons used to run a trucking service to haul petroleum and other products from and to oil and gas production facilities. The majority of the trucks were leased to independent contractor, who paid upwards of $200 a day for equipment that was supposed to be lease purchased. This has been sold to Trimac. [10] The company also buys, sells, and markets oil and gas on the wholesale market.
Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. Dating back to 1886, the company has transitioned from a vertically integrated energy company to a distributor of fuels. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses. Sunoco is the largest independent distributor of fuels in the United States.
Husky Energy Inc. was a Canadian company engaged in hydrocarbon exploration, headquartered in Calgary, Alberta, Canada. It operates in Western and Atlantic Canada, the United States and the Asia Pacific region, with upstream and downstream business segments. In the 2020 Forbes Global 2000, Husky Energy was ranked as the 1443rd-largest public company in the world.
Shell Canada Limited is the principal Canadian subsidiary of British energy major Shell plc and one of Canada's largest integrated oil companies. Exploration and production of oil, natural gas and sulphur is a major part of its business, as well as the marketing of gasoline and related products through the company's approximately 1,800 stations across Canada.
Enbridge Inc. is a Canadian multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids, and also generates renewable energy. Enbridge's pipeline system is the longest in North America and the largest oil export pipeline network in the world. Its crude oil system consists of 28,661 kilometres of pipelines. Its 38,300 kilometre natural gas pipeline system connects multiple Canadian provinces, several US states, and the Gulf of Mexico. The company was formed by Imperial Oil in 1949 as the Interprovincial Pipe Line Company Limited to transport Alberta oil to refineries. Over time, it has grown through acquisition of other existing pipeline companies and the expansion of their projects.
The Rumaila oil field is a super-giant oil field located in southern Iraq, approximately 50km to the south west of Basra City. Discovered in 1953 by the Basrah Petroleum Company (BPC), an associate company of the Iraq Petroleum Company (IPC), the field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves estimated at 143.1 billion barrels. Rumaila is said to be the largest oilfield ever discovered in Iraq and is one of the third largest oil fields in the world.
Suncor Energy is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.
The China National Petroleum Corporation (CNPC) is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth in 2022 Fortune Global 500, a global ranking of the largest corporations by revenue.
Hardisty is a town in Flagstaff County in east-central Alberta, Canada. It is approximately 111 kilometres (69 mi) from the Saskatchewan border, near the crossroads of Highway 13 and Highway 881, in the Battle River Valley. Hardisty is mainly known as a pivotal petroleum industry hub where petroleum products such as Western Canada Select blended crude oil and Hardisty heavy oil are produced and traded.
Petroleum production in Canada is a major industry which is important to the overall economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil producer and fourth largest oil exporter. In 2019 it produced an average of 750,000 cubic metres per day (4.7 Mbbl/d) of crude oil and equivalent. Of that amount, 64% was upgraded from unconventional oil sands, and the remainder light crude oil, heavy crude oil and natural-gas condensate. Most of the Canadian petroleum production is exported, approximately 600,000 cubic metres per day (3.8 Mbbl/d) in 2019, with 98% of the exports going to the United States. Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015.
According to the United States Energy Information Administration (EIA), Pakistan may have over 9 billion barrels (1.4×109 cubic metres) of petroleum oil and 105 trillion cubic feet (3.0 trillion cubic metres) in natural gas (including shale gas) reserves.
Hunting plc is a British-based supplier to the oil and gas industry. Some 27% of the business is owned by the Hunting family. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.
Although there are numerous oil companies operating in Canada, as of 2009, the majority of production, refining and marketing was done by fewer than 20 of them. According to the 2013 edition of Forbes Global 2000, canoils.com and any other list that emphasizes market capitalization and revenue when sizing up companies, as of March 31, 2014 these are the largest Canada-based oil and gas companies.
Cenovus Energy Inc. is a Canadian integrated oil and natural gas company headquartered in Calgary, Alberta.
Inter Pipeline Ltd. is a multinational petroleum transportation and infrastructure limited partnership that is ranked among North America's leading natural gas and NGL's extraction businesses. It is one of Alberta's top 100 companies in terms of profit (85) and assets (94).
Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada ; there is also a natural gas processing business that takes place at the Cutbank Complex. Western Canada is the source of all the product transported by its systems. Some of the pipelines and facilities have short term contracts with oil producers while others are long term. For 37 years until 1997 when it went public and established itself as a trust, Pembina was a regular privately owned business. On October 1, 2010 it converted to a corporation from a trust, changing its official name from Pembina Pipeline Income Fund to Pembina Pipeline Corporation. As of 2016 the company had more than 1260 employees, up from 427 in 2010. The company's total assets nearly doubled in 2017.
Western Canadian Select (WCS) is a heavy sour blend of crude oil that is one of North America's largest heavy crude oil streams and, historically, its cheapest. It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). It is composed mostly of bitumen blended with sweet synthetic and condensate diluents and 21 existing streams of both conventional and unconventional Alberta heavy crude oils at the large Husky Midstream General Partnership terminal in Hardisty, Alberta. Western Canadian Select—the benchmark for heavy, acidic (TAN <1.1) crudes—is one of many petroleum products from the Western Canadian Sedimentary Basin oil sands. Calgary-based Husky Energy, now a subsidiary of Cenovus, had joined the initial four founders in 2015.
According to the United States Energy Information Administration (EIA), Pakistan may have over 9 billion barrels (1.4×109 cubic metres) of petroleum oil and 105 trillion cubic feet (3.0 trillion cubic metres) in natural gas (including shale gas) reserves.
The Sturgeon Refinery also NWR Sturgeon Refinery is an 80,000 bbl/d (13,000 m3/d) crude oil upgrader—built and operated by North West Redwater Partnership (NWRP) in a public private partnership with the Alberta provincial government. It is located in Sturgeon County northeast of Edmonton, Alberta, in Alberta's Industrial Heartland. Premier Jason Kenney announced on July 6, 2021, that the province of Alberta had acquired NWRP's equity stake, representing 50% of the $10-billion project, with the other 50% owned by Canadian Natural Resources.
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