Oil sands face unknownProduction targets scaled back as companies cut back expansion plans in ‘very troubled industry’; Shell takes C$2 billion write-down GARY PARK For Petroleum News
Looking out over the horizon, Calgary-based investment dealer Peters & Co. can see only two waves of increased oil sands production. Beyond that, nothing.
In fact, the pullback in the northern Alberta bitumen region is turning into a pullout.
Royal Dutch Shell has joined the growing list of majors....
[additional news subjects in this story]
Pierre River mothballed earlier Another setback
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