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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 ...
The Oakville Refinery (also known as Petro Canada Oakville Refinery) was a refinery located on the border of Oakville and Burlington in Ontario, Canada. The refinery was commissioned in 1958 by Cities Service Company. It had an initial capacity 25,000 barrels per day (4,000 m 3 /d). In 1963, the refinery was acquired by BP. [1]
While Petro Canada was once owned by the Canadian government, it is now owned by Suncor Energy, which continues to use the Petro Canada label for marketing purposes. In 2007 Canada's three biggest oil companies brought in record profits of $11.75 billion, up 10 percent from $10.72 billion in 2006.
The Shell Canada - Montreal East Refinery (161 000 bpd) is located in the Montréal-Est city on Sherbrooke Street East. This refinery was founded in 1931, the second Montreal refinery after the Imperial Oil (Esso) Refinery.
Canada also boasted the world's first oil pipeline when, in 1862, a line connected the Petrolia oilfield to Sarnia, Ontario. In 1895, natural gas began flowing to the United States from Ontario's Essex field through a 20-centimetre pipeline laid under the Detroit River. In Western Canada, Eugene Coste built the first important pipeline in 1912.
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 ...
In 1981, Petrofina sold its Canadian retail operations in eastern Canada to the Canadian government and became part of Petro-Canada. [2] Petrofina merged with Total S.A. of France to form TotalFina and with Elf in 2000 to form TotalFinaElf. The company's current name is TotalEnergies (since 2021). [3] [4]
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]