• Upstream
  • Pipelines & Transport
  • Downstream
Oil&Gas Advancement
  • Home
  • News
    OPEC Warns of 2030 Oil Market

    OPEC Warns of 2030 Oil Market Shortage Without Investment

    Shanghai Pioneers Ship to Ship

    Shanghai Pioneers Ship-to-Ship Transfer of LCO₂ Emissions

    KOC Advances GCC Energy

    KOC Advances GCC Energy Infrastructure Security Plans

    LNG Canada Export Launches

    LNG Canada Export Launches First Shipment to Asia

    Indonesia Targets 1M Barrels

    Indonesia Targets 1M Barrels of Oil Production by 2029

    UK Launches the Largest Oil

    UK Launches the Largest Oil and Gas Producer, Adura

    Canadas Fossil Fuel Industry

    Canada’s Fossil Fuel Industry Ties to Pension Boards Eyed

    North Sea Oil and Gas

    North Sea Oil and Gas Production – A Privilege for UK

    Oil Prices Dipped as US Declared Israel and Iran Ceasefire

    Oil Prices Dipped as US Declared Israel and Iran Ceasefire

  • Projects
    South Africa Proposes

    South Africa Proposes US LNG Purchase Deal for 10 Years

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    UAE Energy Investments in the US

    UAE Energy Investments in the US to Reach $440B by 2035

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Future-proofing-gas-sector

    Future-proofing Gas Sector for Efficiency and Sustainability

    South-Africa-Oil-and-Gas-Exploration

    South Africa Speeding-up its Oil and Gas Exploration

    Upstream-Exploration

    High-Risk Geographies in Upstream Exploration and Challenges

    Offshore-Drilling

    Innovations Driving the Future of Offshore Drilling

    Gato-do-Mato

    Shell Approves Gato do Mato Project in Brazil

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

    Engine No. 1, Chevron And GE Vernova To Power U.S. Data Centers

    Baker Hughes Secures Significant Gas Technology Order for Third Expansion Phase of Aramco’s Jafurah Gas Field

  • Market Reports
    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

    CNOOC

    Petrobras achieves second highest profit in history in 2023: R$ 124.6 billion

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
    OPEC Warns of 2030 Oil Market

    OPEC Warns of 2030 Oil Market Shortage Without Investment

    Shanghai Pioneers Ship to Ship

    Shanghai Pioneers Ship-to-Ship Transfer of LCO₂ Emissions

    KOC Advances GCC Energy

    KOC Advances GCC Energy Infrastructure Security Plans

    LNG Canada Export Launches

    LNG Canada Export Launches First Shipment to Asia

    Indonesia Targets 1M Barrels

    Indonesia Targets 1M Barrels of Oil Production by 2029

    UK Launches the Largest Oil

    UK Launches the Largest Oil and Gas Producer, Adura

    Canadas Fossil Fuel Industry

    Canada’s Fossil Fuel Industry Ties to Pension Boards Eyed

    North Sea Oil and Gas

    North Sea Oil and Gas Production – A Privilege for UK

    Oil Prices Dipped as US Declared Israel and Iran Ceasefire

    Oil Prices Dipped as US Declared Israel and Iran Ceasefire

  • Projects
    South Africa Proposes

    South Africa Proposes US LNG Purchase Deal for 10 Years

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    UAE Energy Investments in the US

    UAE Energy Investments in the US to Reach $440B by 2035

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Future-proofing-gas-sector

    Future-proofing Gas Sector for Efficiency and Sustainability

    South-Africa-Oil-and-Gas-Exploration

    South Africa Speeding-up its Oil and Gas Exploration

    Upstream-Exploration

    High-Risk Geographies in Upstream Exploration and Challenges

    Offshore-Drilling

    Innovations Driving the Future of Offshore Drilling

    Gato-do-Mato

    Shell Approves Gato do Mato Project in Brazil

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

    Engine No. 1, Chevron And GE Vernova To Power U.S. Data Centers

    Baker Hughes Secures Significant Gas Technology Order for Third Expansion Phase of Aramco’s Jafurah Gas Field

  • Market Reports
    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

    CNOOC

    Petrobras achieves second highest profit in history in 2023: R$ 124.6 billion

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home America

Shell to drop Carmon Creek oil sand project in Canada

Yuvraj_ong by Yuvraj_ong
November 12, 2015
in America, Downstream, News
0

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Anglo-Dutch oil and gas company Royal Dutch Shell has announced that it will take a write down of $2bn and abandon its Carmon Creek oil sands project in Alberta, Canada.

Carmon Creek is a thermal in situ project which was designed to produce 80,000 barrels of oil per day (bpd).

Shell has abandoned the project after careful review of the potential design options, updated costs, and the company’s capital priorities.

The company has also added that the project lacks infrastructure like pipelines to transport crude oil from western Canada to international market.

“This is forcing tough choices at Shell.”

Shell said that the decision was influenced by current market uncertainties.

Royal Dutch Shell chief executive officer Ben van Beurden said: “We are making changes to Shell’s portfolio mix by reviewing our longer-term upstream options world-wide, and managing affordability and exposure in the current world of lower oil prices.

“This is forcing tough choices at Shell.”

The company will however continue to retain the Carmon Creek leases and preserve some equipment it exploring option for this asset.

Shell will take an impairment charge of $2bn for this project in the third quarter 2015 results, which will be included as an identified item.

Shell has 100% ownership of the project which has an estimated resource of 418 million barrels of bitumen, by the end of 2014.

Following the abandonment of the project, the reserve will be de-booked and will be classified as Contingent Resources.

In January 2010, Shell had submitted a regulatory application for the Carmon Creek Project and received regulatory approval in April 2013.

The company had already completed site clearing, designing and procurement process, accommodation building for the project.

In an in-situ project the oil is heated underground to pump them out.

Previous Post

TransCanada gets regulatory approval for $5bn Prince Rupert Gas pipeline project

Next Post

Shell completes sale of Butagaz LPG business in France for $529m

Related Posts

OPEC Warns of 2030 Oil Market
News

OPEC Warns of 2030 Oil Market Shortage Without Investment

July 5, 2025
Shanghai Pioneers Ship to Ship
News

Shanghai Pioneers Ship-to-Ship Transfer of LCO₂ Emissions

July 5, 2025
KOC Advances GCC Energy
News

KOC Advances GCC Energy Infrastructure Security Plans

July 4, 2025
LNG Canada Export Launches
Gases

LNG Canada Export Launches First Shipment to Asia

July 4, 2025
Indonesia Targets 1M Barrels
News

Indonesia Targets 1M Barrels of Oil Production by 2029

June 30, 2025
UK Launches the Largest Oil
News

UK Launches the Largest Oil and Gas Producer, Adura

June 30, 2025
Next Post

Shell completes sale of Butagaz LPG business in France for $529m

About Us

Oil and Gas Advancement is a leading information centric website providing latest information and happenings within the industry. Featuring the latest news and developments within the Upstream, Midstream and Downstream Industries. Oil and Gas Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2018 Copyright Valuemediaservices 2018 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2018 Copyright Valuemediaservices 2018 All rights reserved.