 | |
| Type | Subsidiary |
|---|---|
| Industry | Petroleum refining and marketing |
| Founded | 1994 |
| Headquarters | St. John's, Newfoundland |
| Website | northatlanticrefining |
North Atlantic Refining Ltd. is a petroleum company based in Newfoundland and Labrador, Canada.
| | |
| Type | Subsidiary |
|---|---|
| Industry | Petroleum refining and marketing |
| Founded | 1994 |
| Headquarters | St. John's, Newfoundland |
| Website | northatlanticrefining |
North Atlantic Refining Ltd. is a petroleum company based in Newfoundland and Labrador, Canada.
In August 1994, the Vitol Group purchased the Come By Chance Refinery from Newfoundland Processing Ltd. and the operating company North Atlantic Refining Ltd. was founded.
In October 2006, Harvest Energy Trust purchased North Atlantic Refining for $1.6 billion, and in October 2009, the company was purchased by Korea National Oil Corporation. [1]
In 2014, it was acquired by SilverRange Capital Partners, a New York-based alternative asset manager. [2]
On May 28, 2020, Irving Oil announced that it was in negotiations to purchase the refinery. [3] On October 5, 2020, the sale to Irving Oil collapsed and it was announced that the Come By Chance refinery would close permanently. [4]
In November 2021, the U.S. private equity group Cresta Fund Management purchased a controlling stake of the idling refinery and announced plans to convert the plant to a biofuel operation. As part of the acquisition, the refinery was renamed to Braya Renewable Fuels. [5]
Chevron Corporation is an American multinational energy corporation. One of the successor companies of Standard Oil, and originally known as the Standard Oil Company of California, it is headquartered in San Ramon, California, and active in more than 180 countries. Chevron is engaged in every aspect of the oil and natural gas industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation.
Valero Energy Corporation is a Fortune 500 international manufacturer and marketer of transportation fuels, other petrochemical products, and power. It is headquartered in San Antonio, Texas, United States. Throughout the United States and Canada, the company owns and operates 15 refineries, and one in Wales, with a combined throughput capacity of approximately 3 million barrels (480,000 m3) per day, 11 ethanol plants with a combined production capacity of 1.2 billion US gallons (4,500,000 m3) per year, and a 50-megawatt wind farm. Before the 2013 spinoff of CST Brands, Valero was one of the United States' largest retail operators with approximately 6,800 retail and branded wholesale outlets in the United States, Canada, United Kingdom, and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Beacon, and Texaco brands.
Tesoro Corporation, known briefly as Andeavor, was a Fortune 100 and a Fortune Global 500 company headquartered in San Antonio, Texas, with 2017 annual revenues of $35 billion, and over 14,000 employees worldwide. Based on 2017 revenue, the company ranked No. 90 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Come By Chance is a town on the isthmus of the Avalon Peninsula in Newfoundland and Labrador, Canada. It is in Division 1 on Placentia Bay.
Husky Energy Inc. is a 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.
Petro-Canada is a retail and wholesale marketing brand subsidiary of Suncor Energy. Until 1991, it was a federal Crown corporation. In August 2009, Petro-Canada merged with Suncor Energy, with Suncor shareholders receiving approximately 60 percent ownership of the combined company and Petro-Canada shareholders receiving approximately 40 percent. The company retained the Suncor Energy name for the merged corporation and its upstream operations. It continues to use the Petro-Canada name nationwide.
Irving Oil Ltd. is a Canadian gasoline, oil, and natural gas producing and exporting company. Considered part of the Irving Group of Companies, it was founded by entrepreneur Kenneth "K.C." Irving and is privately owned by his son, Arthur, and his family.
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec, is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai and New York.
Petroleum production in Canada is a major industry which is important to the 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 and non-upgraded bitumen from oil sands, and the remainder light crude oil, heavy crude oil and natural-gas condensate. Most of 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.
Ultramar is an Eastern Canadian gas and home fuel retailer, with its head office located in Montreal, Quebec. Ultramar operates gas stations and home fuel delivery in Ontario, Quebec, and Atlantic Canada. It also operates ValuMax, a cashback program for fuel purchases. As well as Journie Rewards, a points reward system including a cashback program for fuel.
Bharat Petroleum Corporation Limited (BPCL) is an Indian government-owned oil and gas explorer and producer, headquartered in Mumbai. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil corporation, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It was ranked 309th on the 2020 Fortune list of the world's biggest corporations, and 792nd on Forbes's 2021 "Global 2000" list. 7602258182
Hindustan Petroleum Corporation Limited (HPCL) is an Indian oil and gas refining company headquartered in Mumbai. Since 2018, ONGC has owned a majority stake in the company. The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016. On 24 October 2019, the company became a Maharatna PSU.
Korea National Oil Corporation (KNOC) is the national oil and gas company of South Korea and one of the most important industrial companies in the country. The company has operated and continues to operate oil and gas fields in Vietnam, Peru, Indonesia, Nigeria, Yemen, Kazakhstan, Russia, Canada, Venezuela and South Korea.
Harvest Operations Corp. is a Canadian oil and natural gas company based in Calgary, Alberta. Unlike many oil and gas trusts, which consist only of production fields, Harvest had both "upstream" and "downstream" components. It operated as an open-ended investment trust in Canada, and was one of the equities known as "Canroys" – short for "Canadian royalty trusts." In 2009 the Korea National Oil Corporation made a buyout offer for Harvest, which was accepted, with shareholder approval. The trust was delisted from the Toronto Stock Exchange and the New York Stock Exchange in December 2009.
Come By Chance Refinery was a crude oil refinery operated by North Atlantic Refining in Come By Chance, Newfoundland and Labrador, Canada. It has a refining capacity of 130,000 barrels per day (21,000 m3/d). The plant is undergoing conversion to a biofuel operation.
Vitol is a Dutch energy and commodity trading company that was founded in Rotterdam in 1966 by Henk Viëtor and Jacques Detiger. Though physical trading, logistics and distribution are at the core of the business, these are complemented by refining, shipping, terminals, exploration and production, power generation, and retail businesses. Vitol has 40 offices worldwide and its largest operations are in Geneva, Houston, London, and Singapore. With revenues of $231 billion in 2018, Vitol is the largest independent energy trader in the world, and would rank ninth on the Fortune Global 500 list. Because Vitol does not publish its profits widely, much like most of its competitors in commodity trading, it is largely excluded from rankings. The company does provide financial information to its lenders and some energy groups with which it trades. The company ships more than 350 million tonnes of crude oil per year and controls 250 supertankers and other vessels to move it around the world. On average it handles more than 7.6 million barrels a day of oil and products - roughly equivalent to the daily consumption of Japan - the world's fourth largest oil consumer after the United States, China, and India.
The Idemitsu Kosan Company, Ltd. is a Japanese petroleum company. It owns and operates oil platforms, refineries, produces and sells petroleum, oils and petrochemical products, and also operates gas stations under the apollostation brand and in its own Idemitsu and Shell brands, the latter under license from Royal Dutch Shell.
The Irving Oil Refinery is a Canadian oil refinery located in Saint John, New Brunswick. It is currently the largest oil refinery in Canada, capable of producing more than 320,000 barrels (51,000 m3) of refined products per day. Over 80 per cent of the production is exported to the United States, accounting for 19 per cent of the country's gasoline imports and 75 per cent of Canada's gasoline exports to the US.
The Irving Group of Companies is an informal name given to those companies owned and controlled by the descendants of Canadian industrialist K.C. Irving, namely his children J.K., Arthur, and Jack (1932–2010) and their respective children.
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