Shell puts sands in limbo
Once on track for a million bpd, supermajor is slowing research and expansion plans in favor of cost cutting and higher profits
For Petroleum News
It might be time for the Alberta oil sands industry to quietly put aside forecasts of production growth from 1.4 million barrels per day to 3.5 million bpd by 2015 and 5 million bpd by 2030.
Royal Dutch Shell is the latest to join a list of companies scaling back once-ambitious goals that would have....
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