Royal Dutch Shell plc .com Rotating Header Image

Posts Tagged ‘Athabasca Oil Sands’

Economic benefits will likely win Keystone XL approval: Shell

Christine Dobby Oct 24, 2011 – 5:41 PM ET TORONTO — The U.S. government is likely to approve the Keystone XL pipeline in part because of the economic benefits that would come along with the controversial US$7-billion project, the head of Royal Dutch Shell’s North American operations, predicted Monday. In fact, the economic benefits attendant [...]

Mining the Canadian tar sands

From pages 19 & 20 of “Royal Dutch Shell and its sustainability troubles” – Background report to the Erratum of Shell’s Annual Report 2010 The report is made on behalf of Milieudefensie (Friends of the Earth Netherlands) Author: Albert ten Kate: May 2011. Shell’s largest unconventional oil resource Due to “easy” oil getting scarce, oil [...]

Shell starts mining second oil sands project

THE GLOBE AND MAIL Wednesday, September 15, 2010 6:02 PM Tim Kiladze For the past five years, Royal Dutch Shell PLC (RDS.B-N56.810.611.09%) has been digging its Jackpike Mine and building infrastructure around it, such as cooling towers and crushers, all as part of its Athabasca Oil Sands Project that has a current productoin capacity of [...]

Royal Dutch Shell Delays Oil Sands Expansion, Globe Reports

April 29 (Bloomberg) — Royal Dutch Shell Plc has put plans to expand operations in Alberta’s oil sands on hold for at least five years, the Globe and Mail reported, citing Marvin Odum, the company’s Americas head. Costs to build in the oil sands have increased, prompting the company to delay any decisions to expand [...]

Shell International Upstream To Power Growth

INVESTOPEDIA Posted: Apr 02, 2010 15:34 PM by Eric Fox Royal Dutch Shell (NYSE: RDS.A, RDS.B) will utilize its large portfolio of international upstream projects to grow production, reaching 3.5 million barrels of oil equivalent per day (BOE/D) by 2012. This 11% production growth will be powered by the startup of large projects in its international portfolio, [...]

Shell committed to tar sands despite $42m losses

Shell has pledged to continue with its controversial tar sands projects but has been forced to consider far-reaching cost cuts to keep the operations going after they lost $42m (£28m) in the last three months

Shell faces Alberta oil sands dispute

John Abbott, Shell Canada’s executive vice-president, said Shell had taken early voluntary action, making its ventures the least greenhouse gas intense of all mineable oil sands projects.

Green groups want Shell oil sands permits rescinded

“Shell has broken a binding agreement,” said Simon Dyer, oil sands program director at the Pembina Institute. Regulators “can reopen those approvals given that Shell has clearly reneged on its commitment.

In the shadow of Canada’s oil boom

Many in Fort Chipewyan hope low oil prices will put the brakes on that development. They believe they are suffering from the aftershocks of an industry expanding at a rampant pace without the necessary environmental limits.

Shell delays oil sands decision

Royal Dutch Shell has delayed another Canadian oil sands project, saying it was reviewing its plan to find ways to “improve the project economics by reducing costs and increasing project revenue”.

Shell stall plans amid slump in prices

Royal Dutch Shell PLC said yesterday that it has withdrawn an application to build its 100,000-barrel-a-day Carmon Creek oil sands project, near Peace River in northwest Alberta. The company will now seek to reduce the costs of development before it goes back to regulators.

Peace River project shelved by Shell

Royal Dutch Shell has put on hold another multibillion-dollar Alberta oilsands project, the second in a month, as it struggles with low commodity prices and increasing Alberta construction costs.

Oil-Sands Spending to Fall 20% on Shell, Suncor, Encana Delays

Nov. 11 (Bloomberg) — Energy companies are cutting back development of Canadian oil sands, the world’s biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive. Royal Dutch Shell Plc, the world’s second-largest oil company… said they will reduce plans to extract bitumen, the tar-like raw material for the crude, after prices fell 65 percent to $37.07 a barrel since July 4.

Shell Wagers That Delays Will Pay Off

Practically speaking, therefore, it is easier for Shell to ease off in Canada during a period of uncertainty than in many other countries.

Exxon, Shell Earnings Jump

Even as Exxon Mobil Corp. and Royal Dutch Shell PLC reported another round of enormous profits Thursday, Shell said it will postpone the expansion of a big energy project, in a sign that plunging crude prices and high costs are raising concerns among executives of the world’s largest oil companies.