Jeff Lewis | February 12, 2014 5:18 PM ET
CALGARY – Royal Dutch Shell PLC told regulators it is halting work on its Pierre River mine in northern Alberta’s oil sands and that it has no idea when it may revive the blueprints. The Hague-based company this year cancelled plans to drill in Alaska’s Arctic and postponed development of a liquefied natural gas venture offshore Australia. The company issued a rare profit warning last month before reporting a 49% plunge in quarterly earnings to $2.9-billion.
FULL ARTICLE Photo credit: Chris Ratcliffe/Bloomberg
0 Comments on “Shell halts work on Pierre River oil sands mine in northern Alberta”
Leave a Comment