ABU DHABI / WAM Following consultations and approval of President His Highness Sheikh Mohamed bin ...
Read More »Shell shuns new oil sands as low crude prices force cost control
Bloomberg Royal Dutch Shell Plc is unlikely to take on new oil-sands projects as it maintains a grip on costs after crude’s crash forced competitors to write down Canadian reserves. While Shell’s existing oil-sands operations generate strong cash flows, the expense of developing new projects discourages additional investments, Chief Executive Officer Ben Van Beurden said in an interview. Oil ...
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