Shell shuts in 24 wells and associated pipelines, but Waterton sour gas complex remains open.
Initiative aims to enable better early detection and repair of methane leaks.
Agreement grants Shell exclusive development and licensing rights for SBI’s renewable drop-in biofuels.
Boost to come from the Fort Hills project, expected to achieve first oil late this year, and other projects.
Reducing its interest in Athabasca project and selling its interest in Peace River Complex.
Higher oil prices are needed to encourage deepwater offshore projects.
Companies want Canada to be at the front of the pack as the global economy makes a historic shift.
The $1.35 billion CO2 capture and storage project transforms carbon emissions into near-liquid that’s pumped into porous rock formations.
Properties currently produce the equivalent of 24,850 barrels of oil a day.
Project captures about a third of the emissions from Shell’s Scotford Upgrader in Alberta.
Partners blames drop in natural gas prices for the delay, which it says has made the project too expensive for now.
Announcement could mean further delay development of LNG Canada.
It’s freeing up space at its work camp for some of the people evacuated from Fort McMurray.
World Wildlife Fund asking Federal Court to declare them invalid.
Joint venture will continue to work on the competitiveness of the project.