Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction. All of the company’s oil-sands interests apart Royal Dutch Shell plc today announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (“Shell”) that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%. Royal Dutch Shell plc today announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (“Shell”) that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%. Royal Dutch Shell plc today announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (“Shell”) — which are detailed in this announcement — that will see Shell sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60 percent to 10 percent. Royal Dutch Shell PLC, commonly known as Shell, is a British-Dutch oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is one of the oil and gas " supermajors " and the third-largest company in the world measured by 2018 revenues (and the largest based in Europe). Ben van Beurden, chief executive officer of Royal Dutch Shell, says the oilsands are no longer a strategic fit for his company in the longer run. Royal Dutch Shell's deal to sell most of its stake in Alberta's oilsands was in the works for more than a year, says the company's chief executive Ben van Beurden. Shell sells Canadian oil sands assets for $7.25bn. Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $7.25bn in the latest sign of global energy groups backing away from some of the world’s highest-cost and most greenhouse gas-intensive sources of crude oil.
A unit of Royal Dutch Shell Plc has agreed to sell its entire stake in oil sands producer Canadian Natural Resources Ltd. for about $3 billion, which will be used to reduce debt. Shell Gas BV will sell its 97.6 million shares in Canadian Natural for total pretax proceeds of $3.3 billion, and the transaction is expected to be completed by Wednesday, according to a statement from Hague-based Shell. Royal Dutch Shell plc today announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (“Shell”)— which are detailed in this announcement — that will see Shell sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60 percent to 10 percent. TORONTO (BLOOMBERG) – Royal Dutch Shell will sell almost all its production assets in Canada’s oil sands in a US$7.25 billion (S$10.24 billion) deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction.
24 Feb 2015 to bite, yesterday oil giant Royal Dutch Shell announced that the company is indefinitely postponing plans to develop a new tar sands mine in 9 Jan 2015 Bloomberg via Getty Images Oil is mined at Royal Dutch Shell Plc's Albian Sands mine near Fort McMurray, Alberta, Canada, on Tuesday, Aug. Royal Dutch Shell Plc engages in the oil and natural gas production. 74-billion deal to buy Alberta oilsands assets from Royal Dutch Shell and Marathon 20 Jan The super major more commonly known as Shell was founded in 1907 following the merger of the Royal Dutch Petroleum Company and the "Shell" Transport A unit of Royal Dutch Shell Plc has agreed to sell its entire stake in oil sands producer Canadian Natural Resources Ltd. for about $3 billion, which will be used to reduce debt. Shell Gas BV will sell its 97.6 million shares in Canadian Natural for total pretax proceeds of $3.3 billion, and the transaction is expected to be completed by Wednesday, according to a statement from Hague-based Shell.
Ben van Beurden, chief executive officer of Royal Dutch Shell, says the oilsands are no longer a strategic fit for his company in the longer run. Royal Dutch Shell's deal to sell most of its stake in Alberta's oilsands was in the works for more than a year, says the company's chief executive Ben van Beurden. Shell sells Canadian oil sands assets for $7.25bn. Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $7.25bn in the latest sign of global energy groups backing away from some of the world’s highest-cost and most greenhouse gas-intensive sources of crude oil.
Royal Dutch Shell plc today announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources ("Shell")- which are detailed in this announcement - that Royal Dutch Shell PLC has launched a spirited defence of its oil sands investments against shareholder critics who want the Anglo-Dutch company to pull back from the Alberta fields.