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Shell, CNRL announce Canadian asset swap

Summary by intellinews.com

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.

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The Globe & Mail

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

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

2 months ago·Canada

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Financial Post

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Fort McMurray Today

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Shell exits oilsands in deal with Canadian Natural Resources

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.

2 months ago·Canada

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intellinews.com

Center

Shell, CNRL announce Canadian asset swap

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.

2 months ago

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Seeking Alpha

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

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

2 months ago·United States

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Hart Energy

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

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.

2 months ago

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play1037.ca

Canadian Natural Resources Expands Ownership in Athabasca Oil Sands Project

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…

2 months ago

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