• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Decision on Canada’s Come-By-Chance refinery expansion expected in coming days

September 25, 20193:32 PM Reuters

Canadian officials will decide in coming days whether to grant environmental approval for expansion and upgrades at the North Atlantic Refining-owned refinery in Come-by-Chance, the Department of Municipal Affairs and Environment in Newfoundland and Labrador said on Wednesday.

The expansion, if approved, would increase output at the 130,000 barrels per day (bpd) refinery to 162,000 bpd. That would allow the refinery to process more light, sweet crude oil as new maritime rules governing sulfur content in fuel go into effect beginning next year.

A decision was due by Sept. 15, but a ministry spokeswoman said the environmental assessment process was still going on.

New regulations, known as IMO 2020, will restrict ocean-going vessels from using fuel with more than 0.5% sulfur content, down from the current 3.5%. It is expected to boost demand for lighter crude oil that has less sulfur.

The upgrades will allow the Come-by-Chance refinery to cut its energy consumption for its crude unit and the complex overall, and reduce flaring, according to the project registration.

The refinery is also considering the addition of a delayed coker, used to break down residual oil into coker gas oil and petroleum coke. A decision on the delayed coker is also anticipated in coming days.

The coker project will include a C$450 to C$500 million ($339 million to $377 million) investment in the physical plant, plus C$100 million in new working capital, and will lead to an approximate 40 percent reduction in sulfur dioxide emissions across the refinery.

NARL’s investment in Come-by-Chance comes at a time when refining capacity on the east coast of North America has been declining.

Philadelphia Energy Solutions’ 335,000-bpd refinery was shut after a massive fire in June, and in February, Reuters reported that Delta Air Lines plans to sell its 185,000-bpd oil refinery in Trainer, Pennsylvania.

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
  • Vertex Resource Group Ltd. acquires Mad Oilfield Solutions
  • Column: Don’t believe the activists, natural gas stoves are fine to use
  • Ovintiv appoints Katherine L. Minyard to board of directors
  • Canadian Natural Resources beats profit estimates, boosts dividend

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.