Gibson Energy is a major Oil focused infrastructure organization. It is a midstream oilfield services company with operations in key basins of North America. Its strategically located facilities, together with its best-in-class business access and a long-term growth perspective, ultimately help the company to satisfy its long-term stakeholders. Gibson is listed on the Toronto Stock Exchange. Its resources include pipelines, Oil refineries and a Moose Jaw refinery. Following are some facts about the company:
Headquartered: Calgary, Alberta
Annual Revenue: 5,592 Million Canadian Dollars
Number of Employees: 5,000
Established: 1953
History:
- Gibson Energy was established in 1953.
- In 1953, Gibson made its first sale of 366 barrels for $673.55 to the British American Oil Company.
- In 1957 Gibson turned its attention to Hardisty, Alberta, and built a pipeline system to serve the fields of Bellshill Lake and Thompson Lake. It installed two Hardisty tanks weighing 20,000 barrels to store and transport crude oil to the east from West Canada.
- In 1961, Gibson constructed 5,000 barrels of storage in Edmonton, Alberta.
- In 1965 the Bow River pipeline joined the Hardisty refinery, being the first mainline source of crude oil in south-east Alberta. By the mid-60s, Gibson’s Hardisty plant produced about one million barrels of oil annually via transmission lines to refineries in Eastern Canada and the United States.
- In 1970, the title of the company changed to Gibson Petroleum Company Ltd.
- By the end of the 70s,the company increased its Hardisty terminal capacity up to 900,000 barrels.
- In 1990 Canwest Propane increased its market through Manitoba, British Columbia, and Saskatchewan under Gibson’s leadership.
- Hunting PLC sold Gibson Energy to an investment company controlled by Riverstone Holdings in December 2008.
- In 2012, Gibson bought Omni Energy Services for $445 million. OMNI was an environmental services provider to the American Oil and Gas industry.
- In 2016, Gibsons Energy rejected a proposal to acquire $2.8 billion from a private equity firm in Singapore.
- In 2016, the company’s total storage ability nearly hit the 10 million barrel mark at Hardisty and Edmonton. To consolidate and optimize Canadian trucking operations, a new trucking facility opened in Edmonton.
- Gibson Energy refocused the company on midstream infrastructure in 2017.
Operations:
- Hardisty Terminal:
Hardisty Terminal is located in Canada’s largest heavy Crude Oil storage hub with approximately 10.0 million barrels of current storage. Another 2.5 million barrels of storage to be added by the end of 2020. Hardisty is a leading independent warehouse, and has the best-in-class interconnection to in-bound and out-bound pipelines. Its terminal provides Gibson’s customers with the greatest flexibility in transporting their products from the WCSB to the end markets.
- Edmonton Terminal:
Gibson’s Edmonton terminal, situated in Alberta, is operationally associated with the Pipeline Alley, one of Canada’s key energy transportation hubs, as well as two major refineries and the point of origination of two major egress pipelines. Edmonton Terminal also gives consumers versatility in bringing crude oil, liquids, and refined products via its manifest train charging system from both major rail networks to high-value markets.
- Moose Jaw:
The plant works year-round with land, rail, and pipeline links, resulting in light finished products comprising of tops, medium distillate, light distillate, and CVGO. While heavy end products comprise of roofing flux and ground asphalt. It is expected that the existing Moose Jaw Expansion activity will increase throughput capacity by about 25 percent to between 19,500 and 22,000 barrels per day.
- Pipelines and Other Terminals:
The crude oil pipeline network around the Hardisty Terminal includes the Viking Pipeline, which was built in Q1 2019 with a total ability of about 90,000 barrels per day. Customers on its pipeline networks profit from Hardisty Terminal’s connection to egress pipelines and connections to space.
Mission and Vision:
The company’s responsibility starts with its employees, contractors, and community’s health and safety. It remains committed to keeping people safe, while operating at any of its sites and thus, take full responsibility of its activities in the neighborhood. It places a high emphasis on security and is working hard every day to improve.
Places of Operation:
Gibson Energy operates in the following areas,
- Western Alberta/BC
- Alberta Oilsands
- Viking/Shaunavon
- Bakken/Three Forks
- U.S. Mid. Continent
- Permian
- Eagle Ford
- Tuscaloosa Marine
- Gulf Coast
- Utica