Thursday, January 30, 2025

Shell Shuts Down Second Major Project, Streamlines Upstream Operations

Shell takes $2 billion impairment with oil sands exit in Canada Royal Dutch Shell (ticker: RDSA) announced today that the company will not continue construction on its Carmon Creek oil sands project in Alberta. The project was expected to produce up to 80,000 barrels of oil per day (MBOPD). Carmon Creek is a thermal in situ project that is 100%