Gibsons was founded with the incorporation of its predecessor in 1953.[5] It was initially a subsidiary of Hunting plc, a British firm in the same business. Gibsons was sold by Hunting plc to an energy industry focused private equity fund managed by Riverstone Holdings in December 2008, for C$1.2 billion.[6] It was later listed on the Toronto Stock Exchange on June 14, 2011.
In 2012, Gibson bought Omni Energy Services for $445 million.[7] OMNI was an environmental services provider to the American oil and gas industry.
In 2016, Gibsons Energy rejected a $2.8 billion acquisition proposal from a Singapore private equity firm.[3] In 2017, it sold its industrial propane distribution business, Canwest Propane, to Superior Plus for $412 million.[8] In 2017, its largest shareholder called for the company to sell its non-core assets, and consider selling the whole company.[4]
Current operationsedit
Gibsons has facilities in locations in both the United States and Canada. It owns and operates a refinery in Moose Jaw that is Western Canada's largest supplier of the asphalt used for making roofing shingles.[9] It also runs a number of oil storage terminals, the largest of which is the Hardisty Terminal in Hardisty, Alberta.
Gibsons used to run a trucking service to haul petroleum and other products from and to oil and gas production facilities. The majority of the trucks were leased to independent contractor, who paid upwards of $200 a day for equipment that was supposed to be lease purchased. This has been sold to Trimac.[10] The company also buys, sells, and markets oil and gas on the wholesale market.
^(PDF). Gibson Energy Inc. Archived from the original (PDF) on February 9, 2017. Retrieved September 12, 2016.
^Morgan, Geoffrey (11 August 2016). "Gibson Energy confirms rejection of unsolicited takeover offer". Financial Post. Retrieved 14 September 2016.
^ abMcGarvey, Dan. "Gibson Energy rejects multi-billion dollar acquisition by 'foreign entity'". CBC News. Retrieved 14 September 2016.
^ ab"Gibson Energy's largest shareholder proposes potential sale of company". Calgary Herald. 2017-08-14. Retrieved 2018-02-09.
^"Gibsons – History". Gibson Energy Inc. Retrieved September 12, 2016.
^. Hunting plc. December 12, 2008. Archived from the original on September 19, 2016. Retrieved September 12, 2016.
^"Gibson Energy Inc. enters the environmental service market - Alberta Oil Magazine". Alberta Oil Magazine. 2013-06-05. Retrieved 2018-02-09.
^"Superior Plus purchases Gibson's Canwest Propane for $412M - Article - BNN". BNN. 2017-02-13. Retrieved 2018-02-10.
^"Gibsons – Moose Jaw Refinery". Gibson Energy Inc. Retrieved September 12, 2016.
^(PDF). Archived from the original (PDF) on 2019-04-02. Retrieved 2019-04-02.{{cite web}}: CS1 maint: archived copy as title (link)
January 01, 1970
gibson, energy, gibsons, canada, based, midstream, oilfield, service, company, industry, assets, include, pipelines, storage, facilities, well, refinery, moose, listed, toronto, stock, exchange, company, typepublic, industryoil, gasfounded1953headquarterscalga. Gibsons is a Canada based midstream oilfield service company in the oil and gas industry 2 3 Its assets include pipelines oil storage facilities as well as a refinery in Moose Jaw 4 It is listed on the Toronto Stock Exchange Gibson Energy Inc Company typePublic TSX GEI IndustryOil and gasFounded1953HeadquartersCalgary Alberta CanadaAreas servedCanada and the United StatesKey peopleJames M Estey Chairman Steve Spaulding CEORevenueC 5 592 million 2015 Net income C 280 7 million loss 2015 Total assetsC 3 283 million 2015 Total equityC 1 167 million 2015 Websitewww wbr gibsonenergy wbr comFootnotes referencesFinancials from Annual Report 1 Contents 1 History 2 Current operations 3 See also 4 ReferencesHistory editGibsons was founded with the incorporation of its predecessor in 1953 5 It was initially a subsidiary of Hunting plc a British firm in the same business Gibsons was sold by Hunting plc to an energy industry focused private equity fund managed by Riverstone Holdings in December 2008 for C 1 2 billion 6 It was later listed on the Toronto Stock Exchange on June 14 2011 In 2012 Gibson bought Omni Energy Services for 445 million 7 OMNI was an environmental services provider to the American oil and gas industry In 2016 Gibsons Energy rejected a 2 8 billion acquisition proposal from a Singapore private equity firm 3 In 2017 it sold its industrial propane distribution business Canwest Propane to Superior Plus for 412 million 8 In 2017 its largest shareholder called for the company to sell its non core assets and consider selling the whole company 4 Current operations editGibsons has facilities in locations in both the United States and Canada It owns and operates a refinery in Moose Jaw that is Western Canada s largest supplier of the asphalt used for making roofing shingles 9 It also runs a number of oil storage terminals the largest of which is the Hardisty Terminal in Hardisty Alberta Gibsons used to run a trucking service to haul petroleum and other products from and to oil and gas production facilities The majority of the trucks were leased to independent contractor who paid upwards of 200 a day for equipment that was supposed to be lease purchased This has been sold to Trimac 10 The company also buys sells and markets oil and gas on the wholesale market See also edit nbsp Energy portal nbsp Companies portal List of oilfield service companiesReferences edit 2015 Annual Report Rising to the Challenge PDF Gibson Energy Inc Archived from the original PDF on February 9 2017 Retrieved September 12 2016 Morgan Geoffrey 11 August 2016 Gibson Energy confirms rejection of unsolicited takeover offer Financial Post Retrieved 14 September 2016 a b McGarvey Dan Gibson Energy rejects multi billion dollar acquisition by foreign entity CBC News Retrieved 14 September 2016 a b Gibson Energy s largest shareholder proposes potential sale of company Calgary Herald 2017 08 14 Retrieved 2018 02 09 Gibsons History Gibson Energy Inc Retrieved September 12 2016 Completion of sale of Gibson Energy Hunting plc December 12 2008 Archived from the original on September 19 2016 Retrieved September 12 2016 Gibson Energy Inc enters the environmental service market Alberta Oil Magazine Alberta Oil Magazine 2013 06 05 Retrieved 2018 02 09 Superior Plus purchases Gibson s Canwest Propane for 412M Article BNN BNN 2017 02 13 Retrieved 2018 02 10 Gibsons Moose Jaw Refinery Gibson Energy Inc Retrieved September 12 2016 Archived copy PDF Archived from the original PDF on 2019 04 02 Retrieved 2019 04 02 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link Retrieved from https en wikipedia org w index php title Gibson Energy amp oldid 1205832092, wikipedia, wiki, book, books, library,
