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On October 5, 2020, the sale to Irving Oil collapsed and it was announced that the Come By Chance refinery would close permanently. [ 5 ] 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.
Couche-Tard retained 36 Ultramar stations in Atlantic Canada. In June 2018, Couche-Tard and its partner Irving Oil announced that these stations would become Circle K locations with Irving as fuel supplier, and that 13 of them would be sold to Irving outright—with Couche-Tard operating them under a lease as with most other Irving locations.
A list of gas station chains in Canada: Canadian Tire Petroleum (Canadian Tire Gas+) – over 300 stations across Canada; most located next to Canadian Tire retail stores or at service centres such as ONRoute; Chevron Corporation – under license by Parkland Corporation (British Columbia, Alberta) Domo Gasoline – 80 stations in western Canada
The Circle K brand entered the Canadian market in 2008, in connection with Couche-Tard's acquisition of Irving Oil's convenience store network. [16] [17] By 2019, more than 800 Mac's branded stores had been rebranded to Circle K throughout central and western Canada. [18] [3] The world's most northern fuel station, in Longyearbyen, Norway
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
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.
The French oil major has said it would no longer enter into or renew the existing contracts to buy Russian crude oil and petroleum products, with the aim of halting all purchases by the end of 2022.
Irving Oil operates Canada's largest refinery, the Irving Oil Refinery, in Saint John, New Brunswick, and Ireland's only refinery, in Whitegate, County Cork, as well as a network of gasoline stations, fleet of oil tankers, real estate and other related assets. Irving Oil's Home Office is located in Uptown Saint John and was officially opened in ...