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Suncor Energy completed merger with Canada's 11th largest company Petro Canada on August 1, 2009 in a 21 billion dollar deal to form the largest oil and second largest company overall in Canada. [66] [67] At the time of the merger it had a market capitalization of $43 billion and held the biggest position in Alberta's oil sands. [68]
Petro-Canada (colloquially known as Petro-Can) is a retail and wholesale marketing brand subsidiary of Suncor Energy. Until 1991, it was a federal Crown corporation (a state-owned enterprise ). In August 2009, Petro-Canada merged with Suncor Energy, with Suncor shareholders receiving approximately 60 percent ownership of the combined company ...
In Canada, the Sunoco brand was licensed for the Ontario retail fuel station operations of Suncor Energy until 2010. Following Suncor's acquisition of Petro-Canada , all Canadian Sunoco outlets were converted to Petro–Canada branding, [ 26 ] except for one location in Port Colborne, Ontario , which closed in 2023.
The last major expansion of the refinery occurred in 2005 when Petro-Canada made the decision to close a smaller refinery operating in Oakville, Ontario and consolidate the Eastern Canada operations in Montreal. A very substantial investment in the Montreal refinery was made to expand the capacity of that facility to approximately 130,000 bpd.
Pacific Petroleums Limited was a Canadian integrated petroleum company that existed between 1939 and 1979. The company was founded and built by Frank McMahon, a wildcat driller from British Columbia.
Petrobank was an oil exploration, development, and production company based in Calgary, Canada. It operates through 4 units/subsidiaries, PetroBakken Energy (58% owned subsidiary) [3] in Canada, Petrominerales Ltd (was 65% owned until December 31, 2010 when both companies parted ways through a reorganization) in Peru and Colombia, HBU (100% owned subsidiary started in 2006) in the heavy crude ...
Gulf Canada remained in existence after the 1985 acquisition of Gulf Oil by Chevron. However, in 1986 Gulf Canada sold its retail operations, which included 900 gas stations, to Petro-Canada. In 2001, Conoco purchased Gulf Canada for C$6.7 billion in what was then the largest oil and gas transaction in Canadian history. The company then became ...
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