Canadian Refinery Shuts Down Due to COVID-19, Economic Concerns

North Atlantic has decided to stop refining new products at the company's 130,000 bpd oil Come By Chance Refinery in Newfoundland and Labrador, and instead shift the refinery into maintenance mode. The decision to ramp down production was made for both safety and economic reasons, as the COVID-19 pandemic continues to impact the industry.

North Atlantic will keep a reduced workforce at the site to maintain equipment, including storage tanks holding a large reserve of oil and gas.

Chief operations officer Jette Enevoldsen said the shutdown will continue until it is "safe and economically feasible" to restart.