Irving Oil Ltd. has undertaken a strategic review to evaluate the Canadian-based refining and marketing company’s future.
While no final decisions have been made about where the strategic review may lead, the operator is considering a series of options, including a new ownership structure, a full or partial sale, or a change in the portfolio of company assets and how they are operated, Irving Oil said in a June 7 statement.
“As we evaluate our options in the coming months, our focus remains on our team and continuing to safely deliver quality products and reliable energy for our customers and communities,” the operator said.
Irving Oil owns and operates its 320,000-b/d St. John refinery in the eastern Canadian province of New Brunswick, as well as the 75,000-b/d Whitegate refinery in County Cork, Ireland.
Robert Brelsford | Downstream Editor
Robert Brelsford joined Oil & Gas Journal in October 2013 as downstream technology editor after 8 years as a crude oil price and news reporter on spot crude transactions at the US Gulf Coast, West Coast, Canadian, and Latin American markets. He holds a BA (2000) in English from Rice University and an MS (2003) in education and social policy from Northwestern University.
