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Posts Tagged ‘Athabasca Oil Sands’

UPDATE 3-Shell to delay oil sands expansion project

The move is the latest in a line of project deferrals among companies active in squeezing crude from Alberta’s bitumen-soaked soil in a trend that is dimming Canada’s energy production outlook.

Higher costs force Shell to delay investments

A final decision on investing in the second phase of Athabasca in Alberta was due next year, but Shell chief executive Jeroen van der Veer said yesterday that approval had been delayed indefinitely. “We wait for costs to cool down before any new investment decisions,” he said.

Shell to hold back on oil sands project

Royal Dutch Shell has delayed a planned investment in Canada’s oil sands, in the latest sign of companies adjusting their plans to reflect the global economic downturn and the fall in the price of oil.

Shell delays Athabasca expansion decision

Royal Dutch Shell Plc (RDSa.L: Quote) said on Thursday that it would delay its investment decision on a second expansion of its Athabasca oil sands project, the latest deferral sparked by falling energy prices and a global financial crisis.

Shell and Tree Canada together plant one million trees

CALGARY, Sept. 25 /CNW/ – Shell Canada and Tree Canada today announced the planting of their one millionth tree, part of a planting program that will sequester more than 650,000 tonnes of carbon dioxide.

Life in Alberta’s teeming oilsands camps highlights the transient nature of the bitumen brigade

By day, the Athabasca Oil Sands Project, Expansion 1 is abuzz with beeping, growling machines, but now there is silence, save for the distant thump of air cannons warning waterfowl away from tailings ponds and the faint sound of a road crew working the night shift somewhere on the 50-square-kilometer bitumen mining site operated by Shell Canada and partners Chevron Canada and Marathon Oil.