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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 ...
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]
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]
On March 23, 2009, Suncor announced its intent to acquire Petro-Canada. [11] [12] This merger created a company with a combined market capitalization of C$43.3 billion. On June 4, 2009, a 98% approval rate was reached by Suncor's shareholders for the acquisition of Petro-Canada and the Competition Bureau approved the merger on June 21, 2009.
The Suncor Energy (Petro Canada) refinery near Edmonton has a capacity of 142,000 barrels per day (22,600 m 3 /d) of crude oil. The Imperial Oil Strathcona Refinery near Edmonton has a capacity of 187,200 barrels per day (29,760 m 3 /d). The Shell Canada Scotford Refinery near Edmonton has a capacity of 100,000 barrels per day (16,000 m 3 /d).
Another local controversy was the installation of bilingual signage (French and English), which Petro-Canada head office insisted upon. [1] On January 4, 1983, the West tower reached 191 metres in height, exceeding the Calgary Tower and becoming the tallest freestanding structure in Calgary and Western Canada. [11]
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.
Terra Nova is an oil field development project based off the coast of Newfoundland, discovered in 1984 by Petro-Canada.Terra Nova is the first harsh environment development in North America to use a Floating Production Storage and Offloading (FPSO) vessel, Terra Nova.