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Posts on ‘November 15th, 2019’

Shell Says It’s the Oil Major Staying in Canada as Many Flee

By Kevin Orland: 14 November 2019, 12:00 GMT Updated on 14 November 2019, 16:38 GMT

*Shell Canada head Crothers points to LNG project, gas stations

*Company has no plans to divest remaining oil-sands stake

Royal Dutch Shell Plc is reassuring investors, workers, and anyone else who will listen that it’s the international oil major that’s staying in Canada as others pull up stakes.

Shell’s future in the country is largely as a natural gas producer and exporter focused on the $30 billion LNG Canada project, though the company is also committed to its local chemicals and retail businesses, Shell Canada head Michael Crothers said in an interview. read more

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