"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.
Athabasca Oil Sands
Green groups want Shell oil sands permits rescinded
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
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Royal Dutch Shell PLC said yesterday that it has withdrawn an application to build its 100,000-barrel-a-day Carmon Creek oil sands project, near Peace River in northwest Alberta.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.
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.
Black-Gold Rush in Alberta
The Wall Street Journal: Black-Gold Rush in Alberta
“Shell Canada Ltd., a unit of Royal Dutch Shell PLC, disclosed last month that it has boosted its cost projection for a proposed 100,000 barrel-a-day expansion of its Athabasca oil-sands mine by 80%, to 7.3 billion Canadian dollars (US$6.18 billion).”
With Price of Crude Staying High,
Tapping Into Canadian Oil Sands
Looks Increasingly Profitable
By TAMSIN CARLISLE
Staff Reporter of THE WALL STREET JOURNAL
September 15, 2005; Page C1
CALGARY, Alberta — By briefly blasting oil prices above $70 a barrel, Hurricane Katrina may have blown away any lingering doubts among oil producers about the long-term profitability of multibillion-dollar projects in the vast oil sands of this western Canadian province.
The supply disruptions caused by the hurricane also may stoke further U.S. interest in the oil sands as a stable, long-term supply source.
BLOOMBERG: Shell Canada Oil-Sands Cost Target Jumps to C$7.3 Bln
BLOOMBERG: Shell Canada Oil-Sands Cost Target Jumps to C$7.3 Bln
“Shell Canada Ltd., the fourth-largest Canadian oil company, said the cost to expand its Alberta oil- sands development will almost double to C$7.3 billion ($6 billion)…”
Posted Wednesday 10 August 2005
(Bloomberg) — Shell Canada Ltd., the fourth-largest Canadian oil company, said the cost to expand its Alberta oil- sands development will almost double to C$7.3 billion ($6 billion) as prices of steel, cement and equipment rise.
Design changes that will make additional expansions easier also are inflating the cost, spokeswoman Janet Annesley said today in a telephone interview. Calgary-based Shell Canada and its project partners, Chevron Corp. and Western Oil Sands Inc., in April said the expansion would add 100,000 barrels a day of mining and refining capacity at a cost of at least C$4 billion.
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