A printed copy of our 2019 annual report can be ordered free of charge. Download this fact book as an app available on the app store get it at. Even though some price points for distressed crudes, like western canadian crude from the countrys oil sands region or oil from the u. Our downstream organisation also manages oil sands activities. The office of public affairs opa is the single point of contact for all inquiries about the central intelligence agency cia. Shell oil company, including its related companies, is one of. It may well be that the price of oil stays below the cost of production for the oil sands and the frackers for some time to come, and they may all follow the coal companies into bankruptcy. In addition, we produce and sell petrochemicals worldwide. Shell completes divestment of oil sands interests in canada. Mar 09, 2017 the deal announced thursday would see canadian natural buy shell s 60 per cent stake in the athabasca oil sands project which includes a mine north of fort mcmurray, alta. River and cold lake deposits in alberta and saskatchewan. The athabasca oil sands project is a joint venture between shell canada 60%, chevron canada limited 20% and marathon oil canada corporation 20%. Alberta, canadas oil sands is the worlds most destructive.
Apr 06, 2020 even though some price points for distressed crudes, like western canadian crude from the countrys oil sands region or oil from the u. The conventional method of mining and retorting oil shale takes up to five barrels of water to produce just one barrel of oil. In the monbiot article, the shell investment in canadian oil sands is challenged. These oil sands, hosted primarily in the mcmurray formation, consist of a mixture of crude bitumen a semisolid rocklike form of crude oil, silica sand, clay minerals, and water. Royal dutch shell signs deals to sell oilsands assets cbc news. To this savage responded with the fact that oil sands producers are required by law to reclaim sites after the end of their. I congratulate the author for beginning with a delightful trick that ive never seen pulled off so well. Canadas tar sands is the thirdlargest proven crude oil reserve in the world behind saudi arabia and venezuela. While the oil sands industry continues to make technological advances, annual production growth presents challenges to land, water, and air impacts, and energy conservation.
Shell oil company is the united statesbased subsidiary of royal dutch shell. Shell divests oil sands interests in canada for net. Facts about oil shale and tar sands development in utah. Commercial production of oil from the athabasca oil sands began in 1967, with the opening of the great canadian oil sands gcos plant in fort mcmurray. An excellent, wellcrafted and very enlightening read. It was the first operational oil sands project in the world, owned and operated by the american parent company, sun oil company. The athabasca oil sands, also known as the athabasca tar sands, are large deposits of bitumen or extremely heavy crude oil, located in northeastern alberta, canada roughly centred on the boomtown of fort mcmurray. Royal dutch shell plc today announces the signing of two agreements by shell canada energy, shell canada limited and shell canada resources shell which are detailed in this announcement that will see shell sell all of its insitu and undeveloped oil sands interests in canada and reduce its share in the athabasca oil sands project aosp from 60 percent to 10 percent. The keystone pipeline is approved, but there may not be. Shell sells canadian oil sands, ties bonuses to emissions cuts. We use water efficiently and recycle as much as possible. May 16, 2018 in mid1995, the national task force on oil sands strategies created by industry lobby group, the alberta chamber of resources released a 62page report calling for an aggressive overhaul of tax and royalty regimes for the oilsands.
Royal dutch shell is one of the largest oil companies in the world. One shell plaza post office box 2463 houston, texas 77252 u. Wholly owned subsidiary of royal dutch shell through shell petroleum inc. Its parent is a multinational oil company oil major of anglo dutch origins. Of the fact that companies like statoil and shell have pulled out of the oil sands, millington says, whether that is an indication of a dire future for the oil sands industry, its too early.
Six oil sands mining companies operating in the northern athabasca oil sands area agreed to participate in coordinated seed harvesting and banking, and the osvc was born. The 2019 annual report and form 20f are now available as pdf download. Crude oils produced from oil sands emit more greenhouse gas ghg emissions than the average crude oil used in the usa, according to data and analytics. Oil sands are either loose sands or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, soaked with a dense and extremely viscous form of petroleum technically referred to as bitumen. Nov 26, 20 canadas tar sands is the thirdlargest proven crude oil reserve in the world behind saudi arabia and venezuela. Royal dutch shell plc, commonly known as shell, is a britishdutch oil and gas company headquartered in the netherlands and incorporated in the united kingdom. How oil sands companies work together to reclaim land.
Royal dutch shell signs deals to sell oilsands assets cbc. Jul 01, 2018 the fact that royal dutch shell, marathon oil, statoil, chevron and conocophillips all chose to sell their oil sands assets in 2017 was seen by some people as a signal to investors that the oil sands are about to go the way of the buggy whip. Oil sands, tar sands, crude bitumen, or more technically bituminous sands, are a type of unconventional petroleum deposit. Tar sands are recovered in two ways, either by surface mining strip or open pit mining or. As for the oil sands, cnrls operatorship of shells assets is likely good for the business. Oil sands mining operations require water to separate bitumen from the sand. Why shells oil sands sell off is great news for canadian oil. Oil shale and tar sands development consumes a tremendous amount of scarce water resources. The case for canadas oil sands was worth the price of the book all by itself. In 2016, shell was the operator and majority shareholder of the athabasca oil sands project aosp, a joint venture between shell canada 60%, chevron canada limited 20% and marathon oil canada corporation 20%. The oil sands comprise more than 98 percent of canadas 173 billion barrels of proven oil.
The 120odd active oil sands projects are owned by major oil companies from canada and around the world, including the u. The real facts about canadas oil sands, brought to you by capp. As a result, the economic benefits of oil sands development reach across canada and around the globe. As of 2018, royal dutch shell was the worlds third largest company based on revenue. It is one of the oil and gas supermajors and the thirdlargest company in the world measured by 2018 revenues and the largest based in europe. There are two ways to look at the shell deal to sell most of its oilsands assets. Canadian natural buying shell, marathon alberta oilsands. In the oil sands area, the government of alberta has committed to conserving and protecting more than 2 million hectares of habitat for native species as part of the 20122022 lower athabasca regional plan. In 20, 56% of canadas crude oil production was from the oil sands.
Oil sands brochure fact sheet natural resources canada. The oil sands fact book published on oct 31, 2012 this pocket book is designed to give you fast, easy access to oil sands facts that will help you get in on the discussion. Approximately 22,000 shell employees are based in the u. Alberta government goes after the media for oil sands. Nobody but the shell oil company knows how much water will be needed for its experimental insitu method being developed at. Under the full cost method, oil companies can capitalize all of the operating expenses involved in searching for and producing new oil reserves. The deal announced thursday would see canadian natural buy shells 60 per cent stake in the athabasca oil sands project which includes a mine.
Mar 11, 2017 a large excavator loads a truck with oil sands at the shell albian mine in alberta. Alberta government goes after the media for oil sands misinformation. Canadas oil sands are developed by the private sector, with major investments from companies based in canada, the united states, europe, and asia. From the selling side, the oilsands has lost a major international player. As rob vassov describes this homegrown initiative was built out of need, supported and driven by professionals willing to collaborate in the field and share the common. Fact 5 the first design of the shell in 1901 was a mussel shell, but changed to a scallop shell or pecten maximus in 1904. The company is commonly known as shell and is headquartered in the hague, the netherlands. We read every letter, fax, or email we receive, and we will convey your comments to cia officials outside opa as appropriate. Oil sands are a mixture of water, sand, clay and bitumen, a heavy hydrocarbon. Shell is committed to exploring ways to minimise water use in our oil sands operations.
May 03, 2011 the book also documents and exposes some of the dishonestly, fraudulent antioil sands claims that have been made within canada and relayed internationally by an unquestioning media. Mining operations take much of their water from the athabasca. In the 2019 forbes global 2000, shell was ranked as the ninthlargest company in the world and the. This report only provides information on shells operating performance for 20 for. The fact that royal dutch shell, marathon oil, statoil, chevron and conocophillips all chose to sell their oil sands assets in 2017 was seen by some people as a signal to investors that the oil sands are about to go the way of the buggy whip. Royal dutch shell plc, commonly known as shell, is a dutchbritish oil and gas company headquartered in the netherlands and incorporated in england. The cias mission includes collecting and analyzing information about high priority national security issues such as international terrorism, the proliferation of weapons of mass destruction, cyber attacks, international organized crime and narcotics trafficking, regional conflicts. Facts about oil shale and tar sands development in utah and other western states y y y y y y z z the energy policy act of 2005 directed the blm to analyze the environmental, economic, and social impacts of a new commercial leasing program for oil shale and. Shells sale of dirty tar sands assets cleans up debt and. A large excavator loads a truck with oil sands at the shell albian mine in alberta. The deal announced thursday would see canadian natural buy shells 60 per cent stake in the athabasca oil sands project, which includes a mine north of fort mcmurray, alta. On march 9, 2017, shell announced it would sell all of its insitu and undeveloped oil sands interests in canada and reduce its share in the athabasca oil sands project aosp from 60% to 10%.
But this is an opportunity that many canadians want to develop. Shell will remain as operator of aosps scotford upgrader and quest carbon capture and storage ccs project. Through its canmetenergy laboratories, natural resources canada is committed to supporting the development of technological solutions to help drive improved environmental. In 2011 it was believed the reserve amounted to 170. A mobile version of this fact book is now available for free. Reductions in our water use are due to a number of efforts. Energy fact book 20182019 natural resources canada. Fact 4 although the company merged in 1907 to compete with standard oil company, the slash was removed from royal dutchshell in 2005, and the name shell remains today. Nov 10, 2019 under the full cost method, oil companies can capitalize all of the operating expenses involved in searching for and producing new oil reserves. Canadian crude oil producers continue to build new markets for their expanding production. The resource canada has the third largest oil reserves in the world.
The deal announced thursday would see canadian natural buy shell s 60 per cent stake in the athabasca oil sands project, which includes a mine north of fort mcmurray, alta. The ogoni still live in poverty while shell oil and the nigerian government benefit from their oil. Straub, shell canadas senior vice president for oil sands, says. The people in shell believe that our company can prosper under a new set of rules. Oil sands are a mixture of sand, water, clay and heavy oil called bitumen. In mid1995, the national task force on oil sands strategies created by industry lobby group, the alberta chamber of resources released a 62page report calling for an aggressive overhaul of tax and royalty regimes for the oilsands. The united states and its partners continue to face a growing number of global threats and challenges. The term oil sands, when used in this report, refers to all of shells mining, upgrading and in situ operations. The oil sands will remain an important part of the canadian economy. The purpose of the energy fact book is to provide key information on energy.
Capp oil sands fact booklet oil sands community alliance. This report is shell canadas fifth oil sands performance report and covers the areas of safety, environment, reclamation and community. The products we sell include gasoline, diesel, heating oil, aviation fuel, marine fuel, biofuel, lubricants, bitumen and sulphur. Shell completes divestment of oil sands interests in. Shell halts alberta oilsands project after leaving arctic. Shell sells oil sands assets as boss warns on clean energy. Energy world energy needs canadas energy mix transportation markets facts oil what are the oil sands. Nov 02, 2019 in fact, all oil sands producers are required by law to return these disturbed lands back to a state equivalent to what it was before the disturbance.
Apr 11, 2019 the 120odd active oil sands projects are owned by major oil companies from canada and around the world, including the u. Why shells oil sands sell off is great news for canadian oil by david yager mar 21. Pattonfound out the hard way how important oil was in the form of gasoline to the war effort. The oil sands fact book by the canadian association of. Royal dutch shell plc today announces the completion of two previously announced agreements by shell canada energy, shell canada limited and shell canada resources shell that will see shell sell all its insitu and undeveloped oil sands interests in canada and reduce its share in the athabasca oil sands project aosp from 60% to 10%.
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