North Atlantic will idle Come-by-Chance refinery
North Atlantic will idle its 115,000 b/d refinery in Come-by-Chance, Newfoundland, on concerns that continued operations would be unsafe, the company said.
The remote east Canadian facility would "transition to standby mode" at the refinery but continue to operate its retail business in the province, chief operations officer Jette Enevoldsen said.
Come-by-Chance supplies most of the province's transportation fuel and in 2016 was a major supplier of oil to Newfoundland and Labrador's power generation. It is also one of the few refineries worldwide outside of California to produce the US state's CARBOB specification gasoline.
Global petroleum demand has collapsed under efforts to contain the coronavirus pandemic. The company would continue to supply the region with fuels, Enevoldsen said.
The refinery has processed offshore Canadian and US shale crudes, as well as some Iraqi sour. The company, owned by SilverRange Financial, planned to begin construction this year on a 26,000 b/d coker that would start up in 2022.
North Atlantic is owned by SilverRange Financial.
By Elliott Blackburn
source: Argus Media
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
