Canadian-owned Irving Oil has signed agreements to acquire the Tedcastle group of companies, an Irish-based energy marketing and distribution organization, which operates under the brand name Top Oil.
Irving Oil has announced the grand opening of its St. John's Marine Terminal Expansion - a $20-million investment that will improve harbour logistics and help position St. John's Harbour for future growth. The expansion adds a new fuelling berth on Pier 23, adjacent to the company's existing facilities on Pier 24, doubling the number of vessels that can access marine gas oil (MGO) via pipeline at its Marine Terminal.
Irving Oil has entered into a purchase agreement to acquire four inland storage facilities in Nova Scotia from Valero Energy Inc. The storage facilities are located in the communities of Port Hawkesbury, New Glasgow, Yarmouth and Bridgewater and represent a combined capacity of nearly 21,000 barrels of gasoline, diesel and home heating oils. The agreement is expected to close before the end of the year.
Irving Oil is pleased to be recognized as one of Canada's Top 100 Employers for 2017. With more than 3,000 employees and an outstanding workplace culture across its operations, the company was recognized for its exceptional training & skills development and community involvement, among other contributing factors.
Irving Oil has announced the grand opening of its Halifax Harbour Terminal, located in Dartmouth, Nova Scotia. The $80 million reactivation project involved significant investment in existing assets on site, including storage facilities, loading equipment, jetty, and supporting infrastructure. The terminal was operated safely and reliably in the Dartmouth community for nearly 50 years until its deactivation in 2002. In April 2015, Irving Oil announced it would reactivate the facility, enabling the storage and distribution of gasoline, diesel, home heating oil, marine transportation fuel, and jet fuel for customers throughout Nova Scotia.
Canadian-owned Irving Oil has reached an agreement with Houston-based energy, manufacturing and logistics company, Phillips 66, to acquire its Whitegate refinery located near Cork, Ireland. The Whitegate facility is Ireland's sole refinery, processing up to 75,000 barrels of crude oil per day and producing transportation and heating fuels such as gasoline, diesel and kerosene. Built in 1959, it has a workforce of 160 employees as well as many contract personnel.
Irving Oil has shared with employees and the community its plans for its new, 11-storey home office building in Saint John, New Brunswick. The building will bring approximately 1,000 Irving Oil employees together under one roof in a classic yet modern workspace that is designed to complement and enhance the existing heritage landscape of uptown Saint John. The new home office will be built at King's Square South, next door to the iconic Imperial Theatre.
This fall, Irving Oil will invest $200 million in a turnaround project at its Saint John refinery. The project, called Operation Falcon, will be the largest turnaround in the company's history, with a focus on improving safety, reliability and long-term competitiveness. This will also be one of largest private sector investments to take place in Atlantic Canada this year.
Over the next eight weeks, 650 additional skilled tradespeople will join the refinery's 1,400 person workforce to complete the facility's annual fall turnaround. The $20 million maintenance project will enhance the safety and reliability of Canada's largest refinery, which produces high-quality energy products for customers in Eastern Canada and the US Northeast.