Shell cools on oil sands

SHELL has approved its first deepwater development in the Gulf of Mexico in almost two years even as CEO Ben Van Beurden said he could see no scenario where the company was likely to invest capital in further oil sands developments in Alberta.

 Shell cools on oil sands  Shell cools on oil sands  Shell cools on oil sands  Shell cools on oil sands  Shell cools on oil sands
Van Beurden said this week that when the economics were studied, few potential developments on Shell's books in Canada were as good as its other options around the world, which could include potential

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