Shell and Canadian Natural Resources Ltd. (CNRL) announced on January 29 that they had agreed to engage in an asset swap relating to the Athabasca Oil Sands Project (AOSP) in Alberta, Canada.

intellinews.com

Shell, CNRL announce Canadian asset swap

CALGARY — Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility.

Media Bias/Fact Check

Financial Post

Leon Cooperman

Allianz

Canada

Shell exits oilsands in deal with Canadian Natural Resources

Shell is swapping its remaining 10% stake in the Albian mines in exchange for a 10% interest in the Scotford upgrader and Quest Carbon Capture and Storage facility

Ad Fontes Media

All Sides

The Globe & Mail

The Woodbridge Company

Shell exits oil sands, boosts stake in Scotford upgrader and Quest carbon facility

Canadian Natural Resources announces an asset swap with Shell Canada to increase production and ownership in the Athabasca oil sands project.

Seeking Alpha

United States

Canadian Natural Resources takes control of oil sands asset in swap with Shell (NYSE:CNQ)

Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility.

Fort McMurray Today

Fort McMurray

Wood Buffalo

Alberta

In a swap transaction, Canadian Natural Resources Ltd. will own 100% interest in the Athabasca Oil Sands Project after acquiring a 10% interest from Shell Canada Ltd. in exchange for a 10% interest in carbon capture and storage facilities.

Hart Energy

Shell, Canadian Natural Resources to Swap Oil Sands, CCS Interests

Canadian Natural Resources gains complete ownership of AOSP mines, adding 31,000 bbl/d production through strategic asset exchange with Shell, while maintaining strong upgrading capabilities.

stocktitan.net

Major Oil Sands Power Play: Canadian Natural Takes 100% Control of AOSP Mines

Canadian Natural Resources Limited (CNRL) is set to complete a significant asset swap with Shell Canada, a move expected to boost the company’s oil sands production. The swap, announced on Wednesday, stems from a 2017 agreement between the two companies and will see CNRL exchange 10 per cent of its interest in the Scotford Upgrader and Quest Carbon Capture and Storage facilities for Shell’s remaining 10 per cent working interest in the Athabasca…

Shell, CNRL announce Canadian asset swap

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