British Columbia is Canada’s second largest natural gas producer, home to the Horn River and Montney natural gas basins. However, Enbridge later bought its independence and began operations under its current name. Trouble with machinery (boiler/coker) cut 2013 annual production estimate from 105-115 to 97-100 million barrels. The 5 largest companies (Suncor, Canadian Natural Resources Limited, Imperial Oil, Husky and Cenovus) are responsible for over half of crude oil production in Canada. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Not much is known about this company but that is was the parent company of White Rose and En-Ar-Co. Here are the 10 biggest Canadian oil and gas companies measured by trailing 12-months (TTM) revenue. For the first 20 years of its operations, the company had little recognition. Japan, San Francisco, Europe), Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of founders of organizations in the hub, Average date the Organization was founded, Percentage of organizations in this hub that have been acquired, Percentage of organizations that have gone public with an IPO, Percentage of organizations in this hub that are non-profits, Total number of for-profit companies in this hub, Total number of non-profit companies in this hub, Top 5 investor types represented in this hub, Last Funding Round type of organizations in the hub (e.g. The company is recognized as the largest annual oil refiner in all of Asia, despite only producing a quarter of the crude oil output of its rival PetroChina. The offers that appear in this table are from partnerships from which Investopedia receives compensation. "Some notably Canadian oil companies, such as Suncor, Canadian Oil Sands and Husky, are predominantly owned by non-Canadians," said the … The company has multiple refineries that function at high capacity, as well as upstream, midstream, and downstream operations. It was established in 1919 as the subsidiary of a company now known as Sunoco Inc. More than any other company, Suncor led the development of the Athabasca tar sands. TC Energy is perhaps best known for the controversial Keystone XL pipeline, which was designed to transport oil from Alberta to Texas for refining and shipment. The value of the company's real estate holdings alone, where its production facilities are located, is significant. Together they have mining operations capable of producing over 1.5 million barrels of oil a day and have construction projects that may produce up to 285,000 barrels of oil a day. In 1962, Shell Oil Company bought the Canadian Oil Companies. The firm has expanded its operations around the world, generating billions of dollars in Europe and even more from its light crude blocks in Africa. Oil & Gas Exploration and Production. Which investors participated in the most funding rounds within this hub? It advanced several of its largest projects in the 2000s, including the Enbridge Northern Gateway Pipelines project and the Alberta Clipper pipeline project in 2006, the latter becoming operational in 2010. Biggest Oil Companies In Canada. Irving Oil Ltd. is a Canadian gasoline, oil, and natural gas producing and exporting company. For the first 20 years of its operations, the company … "A significant amount of foreign capital was brought into Canada to expand oil and gas production," the document said. Canadian Natural Resources; One of the few homegrown and fully owned Canadian oil companies on our list, Canadian Natural Resources Limited was established in 1973 in Calgary, and spent its first 20 years or so as underdogs. However, the development of the Athabasca sands presented a perfect opportunity and thrust it into the national spotlight. The company is ranked third in our list of biggest oil companies in the world with a revenue of 428.62 billion dollars. The largest companies consistently compete against each other for the number one place. 4. What's the investment trend over time for this hub? Our picks for the top junior oil companies of the past, present and future. Research and development, or R&D, and alterations in processes, along with acquiring new technology and tools, play large roles in this competition. The company focuses on developing energy infrastructure in North America. At that time, Exxon Mobil Corp. (XOM) owned approximately 70% of the company. The Company’s oil and gas properties are located in the Kaybob area and Grande Prairie area of Alberta. CORRECTION: An earlier version of this piece said Koch Industries was the largest lease holder in Canada’s oil sands. Oil — by far the most important source of revenue for fossil- fuel companies in Canada — is dominated by a handful of big players. As of June 2020, CNRL, with a market cap of $20 billion (28 billion Canadian dollars), is one of the world's largest natural gas and crude oil producers. There are more Canadian oil and gas companies worth the attention of investors. The company's main focus is transportation, distribution, and generation of energy throughout North America, primarily in Canada and the United States. BY JODY CHUDLEY. Bounty Developments Ltd. is a 100% Canadian, private oil and gas exploration company located in Calgary. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Organization Name: Name of the Organization, Total Funding Amount: Total amount raised across all funding rounds, CB Rank (Organization): Algorithmic rank assigned to the top 100,000 most active Organizations, Trend Score (30 Days): Movement in Rank over the last 30 days using a score from -10 to 10, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Announced Date: Date that the Funding Round was publicly announced, Organization Name: Name of the organization that got funded, Transaction Name: Auto-generated name of transaction (e.g. It has significant holdings in the Alberta Oil Sands. Enbridge is based in Calgary and is noted as one of the country's largest energy delivery companies. How much aggregate funding have these organizations raised over time? However, the majority of oil production and refining in the country is carried out by less than 20 companies. Canadian Oil & Gas Companies. In these two countries, Enbridge is responsible for operating one of the longest crude oil and liquid hydrocarbon transportation systems in the world. Suncor also operates over 1,500 gas stations around Canada. The Liquids Pipelines division includes 4,900 kilometres (3,045 miles) of oil pipeline, which ships 590,000 barrels of crude oil per day, which is about 20% of Western Canadian exports. The Canadian Oil Companies (Limited) were a group of eight oil companies that sold oil products and gasoline in Canada. It had a market cap of about $61 billion (83 billion Canadian dollars) as of July 24, 2020. Which companies in this hub have the most subsidiaries. Considered part of the Irving Group of Companies, it was founded by entrepreneur Kenneth "K.C." A junior company is a small company that is looking to find a natural resource deposit or field. 1. In 1938, it was sold to Nesbitt, Thomson & Company.It was acquired by Shell in 1963. How are IPOs trending over time in this hub? But think of us as a drive-through car maintenance shop. However, this list does not cover everything. Included in the list are company names, mailing address, telephone and fax number, industries, revenue, number of employees, and websites. It is also a significant petroleum refiner in Canada. Our shop is known for our thorough and constant high quality service, using only new vehicle warranty approved products. Fifteen years ago it was common knowledge that oil and gas production in North America was in terminal decline. It was acquired by the National Refining Company in 1907. Canadian Oil & Gas Companies is a free list of Oil and Gas companies that operate in Canada. Great Canadian Oil Change is a family-owned, franchised oil change company with over 70 locations across Canada. Canadian Natural Resources Limited (CNRL) CNRL is an integrated oil and gas company. In 2019, Alberta had the highest amount of crude oil production in Canada. The Keystone XL pipeline is a proposed extension of the Keystone pipeline system that will transport oil from Canada to refineries in the United States. Insights about top trending companies. Canadian Oil Sands Ltd (cos) owns 36.74% of the Syncrude oilsands project - share of proved reserves total 1.8b barrels out of 4.8b total. From a consumer perspective there are almost a hundred different insurance companies, but the reality is a bit different: Many companies are owned by other larger insurers and while they operate under their own brand, they are not truly independent. $3.9 billion – in industry spending on exploration and development in 2018 We do it all. Oil sands are found in parts of Canada, Venezuela, Kazakhstan, and Russia, and produce a thick form of crude oil that can be extracted from the earth. Great Canadian Oil Change is a drive-thru oil change service that has developed its reputation based on: price and quality leadership. What's the most common types of sub-organization? After decades of exploration, all of the profitable onshore oil and gas in Canada and the U.S. had already been discovered. It is a major employer of more than one million people. Angel, Fund of Funds, Venture Capital), Median number of investments made by investors in this hub, Median number of lead investments made by investors in this hub, Announced Date: Date the acquisition was announced, Acquirer Name: Name of the acquiring organization, Transaction Name: Auto-generated name of transaction (e.g. Canada has a lot of oil and the United States wants it. The Energy division owns or has interests in 11 power generation facilities with combined capacity of 6,600 megawatts (MW). Post-IPO Equity - Galileo Exploration Ltd. Venture Round - Burgess Creek Exploration, Torc Oil And Gas acquired by Whitecap Resources, Denalion Energy Systems acquired by Lithion Power Group, SPE Annual Technical Conference and Exhibition 2019, Total number of organizations associated with this hub, Superset of Industries that define the hub, Where the hub is headquartered (e.g. Organizations in this hub have their headquarters located in Canada, North America; notable events and people located in Canada are also included. There are a vast number of oil companies operating and based in Canada. CGX is a Canadian oil and gas exploration company that holds three licenses in the Guyana – Suriname basin, formed in 1998 by John Cullen and Guyanese Edris Dookie… Learn More Eco Atlantic is an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities around the world. Angel - Uber), Money Raised: Amount of money raised in Funding Round, Total number of investments made by investors in this hub, Announced Date: Date when the Investment is announced, Investor Name: Name of the investor who participated in the Investment, Funding Round: Name of the funding round where the Investment is made, Number of Investors: Total number of Investors in a Funding Round, Total number of lead investment firms and individual investors that invested in organizations of this hub, Total number of investment firms and individual investors that invested in organizations of this hub, Organization/Person Name: Name of the Organization or Person, Location: Where the organization is headquartered, Investor Type: This describes the type of investor this organization or person is (e.g. $555 million – payments industry made in royalties and crown land sales for the use of British Columbia’s oil and gas resources in fiscal 2018/19 2. Suncor, Syncrude, Shell Albian Sands, Imperial Oil and Canadian Natural Resources. TC's headquarters are in Calgary, and it had a market cap of $41 billion (55 billion Canadian dollars) on July 24, 2020. This list is limited to companies which are publicly traded in the U.S. or Canada… The smaller mines produce up to 100,000 barrels a day, while the largest mines can produce almost 300,000 barrels of oil in a day. Irving and is privately owned by his son, Arthur, and his family. Thirty-two of the top 50 energy companies are Canadian-owned. Canadian Natural Resources, or CNRL, is one of a few oil companies that is wholly Canadian. TC Energy Corporation, formerly known as TransCanada, is among the top North American energy/oil companies. CNRL operates far beyond Western Canada. Japan, San Francisco, Europe, Asia), CB Rank (Event): Algorithmic rank assigned to the top 100,000 most active Events, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. Bitumen is a substance produced through the distillation of crude oil that is known for its waterproofing and adhesive properties. Suncor is one of the largest companies in Canada in terms of total revenue. The company's headquarters are in Calgary, after moving from Toronto in 2005. This new form of competition caused a shift in research and development toward producing patents. The company was first incorporated by Imperial Oil in 1949. Market capitalization (March 31, 2014), revenue (2016), profit (2016), production, reserves Crude oil is produced across the country from coast to coast to coast. Raising taxes on oil companies would hurt Americans who benefit from oil companies stocks in their retirement portfolios. In Canada’s fossil-fuel industry, a relatively small number of major oil, gas and coal producers generate the lion’s share of revenues. Many Canadian producers are developing an interest in new energy technologies and the growing value of licensing rights. Unconventional oil is crude oil that has been identified or extracted using novel methods. Furthermore, the company is a petrochemical producer and marketer for the nation, with retail and supply networks across the country. It went out of business sometime in the mid-1960s. Canadian Oil Companies, Ltd. was founded in 1901 in Petrolia, Ontario.Its industry was oil/gasoline products and its headquarters remained in Petrolia, Ontario. Because the company is first and foremost a distributor of energy, it owns and runs the largest natural gas distribution network in Canada. Its distribution services extend to Quebec, Ontario, and New York. -PetroChina becomes the first Chinese state-owned company to wholly own a Canadian oil sands development after agreeing to buy out partner's Athabasca Oil Sands Corp.'s stake in a … It had a market capitalization of about $26 billion (35 billion Canadian dollars) as of June 2020. The variety of insurance companies in Canada is not what it appears to be in the Canadian market. Two companies, White Rose Oil, and En-Ar-Co Oil are the most popular in today's culture. According to Reuters, the company has a stake in tens of thousands of natural gas wells across Alberta.Royal Dutch Shell, based in the Netherlands, announced last year that it was selling its eight-per cent stake in CNRL as part of its plan to divest from the Canadian oilsands. Trilogy Energy Corp. is a Canada-based petroleum and natural gas-focused energy company that acquires, develops, produces and sells natural gas, crude oil and natural gas liquids. However, the company also builds and operates natural gas pipelines in Canada, the U.S., and Mexico. The tar sands are an area of crude oil deposits located in the northern region of Alberta that hold a potential supply of trillions of barrels of petroleum. Suncor (Total does have a 29.2% stake in the upcoming Fort Hills Mine)… The 1979 energy crisis was an event triggered by the Iranian Revolution that led to widespread panic about gasoline shortages in the U.S. Imperial Oil had a market cap of about $12 billion (16 billion Canadian dollars) on June 24, 2020. Country Company Name Revenue 2017 (US$ billion) Revenue 2018 (US$ billion) Saudi Arabia Saudi Aramco: 314.4 414.6 Netherlands UK Royal Dutch Shell: … Oil companies sometimes utilize patents as tools to negotiate new deals. From quick oil changes and full 21-point diagnostic checks to cleaning and replacing parts. How has the popularity of this hub's companies trended over time? What's the most common final funding type when companies get acquired? Oil reserves in British Columbia are located in the northeast area of the province. The Company has been actively exploring in the Western Canada basin since 1974, and currently maintains varying interests in more than 100 vertical and horizontal oil and gas wells. There are five large oil sands mining operators. Not only do Americans want to import it, but American oil companies want to profit from the future development of Canada’s massive oil … Some of the largest and most productive oil companies in Canada are Enbridge, Inc. (ENB), TC Energy Corp. (TRP), Suncor Energy, Inc. (SU), Canadian Natural Resources, Ltd. (CNQ), and Imperial Oil, Ltd. (IMO). The Canadian petroleum industry arose in parallel with that of the United States.Because of Canada's unique geography, geology, resources and patterns of settlement, however, it developed in different ways.The evolution of the petroleum sector has been a key factor in the history of Canada, and helps illustrate how the country became quite distinct from her neighbour to the south. The company is involved in the refining, production of natural gas and petrochemicals, exploration of oil fields and marketing of … WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g. startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. This list of companies and startups in Canada in the oil and gas space provides data on their funding history, investment activities, and acquisition trends. 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