Shell exits oilsands, boosts stake in Scotford upgrader and Quest carbon facility
- Shell Canada Ltd. Is exiting the oilsands by swapping its remaining 10 per cent stake in the Albian mines for a 10 per cent interest in the Scotford upgrader and Quest Carbon Capture and Storage facility.
- The deal will increase Shell's stake in the Scotford upgrader and Quest to 20 per cent, and it will completely exit the Athabasca mining operations.
- Canadian Natural Resources Ltd. Will own the Athabasca mines outright, increasing its production by approximately 31,000 barrels a day.
- The transaction is subject to regulatory approvals and is expected to close in the first half of 2025.
Insights by Ground AI
Does this summary seem wrong?
44 Articles
44 Articles
All
Left
11
Center
2
Right
3
Coverage Details
Total News Sources44
Leaning Left11Leaning Right3Center2Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
13%
R 19%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage