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Shell spins off Canadian shale

SHELL is selling is Canadian onshore oil assets in Alberta to local company Crescent Point Energy for US$708.6 million, broken down to $550 million and 50 million shares in Crescent Point.

Shell spins off Canadian shale

This will add 30,000 barrels of oil equivalent a day to the latter's production. It is a low risk move for the Canadian company given existing infrastructure nearby. The Kaybob Duvernay are the...

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