Canadas oil sands are developed by the private sector, with major investments from companies based in canada, the united states, europe, and asia. 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. Oil sands are a natural mixture of sand, water and bitumen. 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. Oil sands are a mixture of sand, water, clay and heavy oil called bitumen. Its parent is a multinational oil company oil major of anglo dutch origins. Alberta, canadas oil sands is the worlds most destructive. An excellent, wellcrafted and very enlightening read. 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. 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. 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. 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.
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. Canadas tar sands is the thirdlargest proven crude oil reserve in the world behind saudi arabia and venezuela. 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%. The people in shell believe that our company can prosper under a new set of rules. A mobile version of this fact book is now available for free.
Approximately 22,000 shell employees are based in the u. Oil shale and tar sands development consumes a tremendous amount of scarce water resources. The resource canada has the third largest oil reserves in the world. Apr 11, 2019 the 120odd active oil sands projects are owned by major oil companies from canada and around the world, including the u. The united states and its partners continue to face a growing number of global threats and challenges. Download this fact book as an app available on the app store get it at. Capp oil sands fact booklet oil sands community alliance. The deal announced thursday would see canadian natural buy shells 60 per cent stake in the athabasca oil sands project which includes a mine. Shell operates in all of albertas oil sands areas athabasca, cold lake and peace river with billions of barrels of recoverable bitumen. Oil sands brochure fact sheet natural resources canada. River and cold lake deposits in alberta and saskatchewan. Shell oil company, including its related companies, is one of.
The athabasca oil sands project is a joint venture between shell canada 60%, chevron canada limited 20% and marathon oil canada corporation 20%. In addition, we produce and sell petrochemicals worldwide. 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. Under the full cost method, oil companies can capitalize all of the operating expenses involved in searching for and producing new oil reserves. 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. A large excavator loads a truck with oil sands at the shell albian mine in alberta. But this is an opportunity that many canadians want to develop. Canadian natural buying shell, marathon alberta oilsands. Facts about oil shale and tar sands development in utah and. 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. 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. From the selling side, the oilsands has lost a major international player.
Oil sands, tar sands, crude bitumen, or more technically bituminous sands, are a type of unconventional petroleum deposit. 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. Energy world energy needs canadas energy mix transportation markets facts oil what are the oil sands. There are two ways to look at the shell deal to sell most of its oilsands assets. Nobody but the shell oil company knows how much water will be needed for its experimental insitu method being developed at. The conventional method of mining and retorting oil shale takes up to five barrels of water to produce just one barrel of oil. Mar 11, 2017 a large excavator loads a truck with oil sands at the shell albian mine in alberta. How oil sands companies work together to reclaim land.
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. 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. The oil sands comprise more than 98 percent of canadas 173 billion barrels of proven oil. The keystone pipeline is approved, but there may not be. A mobile version of this fact book is now available as a free download to apple. 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. The 120odd active oil sands projects are owned by major oil companies from canada and around the world, including the u. 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. Shell halts alberta oilsands project after leaving arctic. Shell sells canadian oil sands, ties bonuses to emissions cuts. Nov 26, 20 canadas tar sands is the thirdlargest proven crude oil reserve in the world behind saudi arabia and venezuela. The real facts about canadas oil sands, brought to you by capp. Shells sale of dirty tar sands assets cleans up debt and. As for the oil sands, cnrls operatorship of shells assets is likely good for the business.
Wholly owned subsidiary of royal dutch shell through shell petroleum inc. The term oil sands, when used in this report, refers to all of shells mining, upgrading and in situ operations. We use water efficiently and recycle as much as possible. While the oil sands industry continues to make technological advances, annual production growth presents challenges to land, water, and air impacts, and energy conservation. 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. 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. Royal dutch shell is one of the largest oil companies in the world. 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. Midcontinent, are in the single digits and could move negative, he does not foresee the u. 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. Royal dutch shell signs deals to sell oilsands assets cbc news. Canadian crude oil producers continue to build new markets for their expanding production. Shell completes divestment of oil sands interests in. Shell sells oil sands assets as boss warns on clean energy.
Facts about oil shale and tar sands development in utah. 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. Energy fact book 20182019 natural resources canada. Mining operations take much of their water from the athabasca. Why shells oil sands sell off is great news for canadian oil by david yager mar 21. 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. A printed copy of our 2019 annual report can be ordered free of charge.
In the 2019 forbes global 2000, shell was ranked as the ninthlargest company in the world and the. We read every letter, fax, or email we receive, and we will convey your comments to cia officials outside opa as appropriate. The company is commonly known as shell and is headquartered in the hague, the netherlands. Shell completes divestment of oil sands interests in canada. The oil sands will remain an important part of the canadian economy. Shell divests oil sands interests in canada for net. 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. Reductions in our water use are due to a number of efforts. 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. 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%. I congratulate the author for beginning with a delightful trick that ive never seen pulled off so well. 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.
Even though some price points for distressed crudes, like western canadian crude from the countrys oil sands region or oil from the u. Pattonfound out the hard way how important oil was in the form of gasoline to the war effort. The office of public affairs opa is the single point of contact for all inquiries about the central intelligence agency cia. 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. 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 the monbiot article, the shell investment in canadian oil sands is challenged. Why shells oil sands sell off is great news for canadian oil. 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. Alberta government goes after the media for oil sands misinformation. 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.
Straub, shell canadas senior vice president for oil sands, says. The oil sands fact book by the canadian association of. This report is shell canadas fifth oil sands performance report and covers the areas of safety, environment, reclamation and community. It was the first operational oil sands project in the world, owned and operated by the american parent company, sun oil company. The ogoni still live in poverty while shell oil and the nigerian government benefit from their oil. Our downstream organisation also manages oil sands activities. Shell oil company is the united statesbased subsidiary of royal dutch shell. Shell will remain as operator of aosps scotford upgrader and quest carbon capture and storage ccs project. The products we sell include gasoline, diesel, heating oil, aviation fuel, marine fuel, biofuel, lubricants, bitumen and sulphur. Royal dutch shell signs deals to sell oilsands assets cbc. In 20, 56% of canadas crude oil production was from the oil sands. The 2019 annual report and form 20f are now available as pdf download. Oil sands mining operations require water to separate bitumen from the sand. Royal dutch shell plc, commonly known as shell, is a dutchbritish oil and gas company headquartered in the netherlands and incorporated in england.
As a result, the economic benefits of oil sands development reach across canada and around the globe. The case for canadas oil sands was worth the price of the book all by itself. In 2011 it was believed the reserve amounted to 170. As of 2018, royal dutch shell was the worlds third largest company based on revenue. The purpose of the energy fact book is to provide key information on energy. Tar sands are recovered in two ways, either by surface mining strip or open pit mining or. 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. This report only provides information on shells operating performance for 20 for. Through its canmetenergy laboratories, natural resources canada is committed to supporting the development of technological solutions to help drive improved environmental. One shell plaza post office box 2463 houston, texas 77252 u. 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%.
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