Low prices of heavy Canadian crude has Shell trying to make better use of equipment it already owns, to save money.
The Globe and Mail reports that head of Shell’s Canadian operations Lorraine Mitchelmore says like other industry companies, they are saying ‘no to growth’ to stay globally competitive while dealing with its financial situation.
She says at one mine, it switched out drivers at break time faster, to keep its trucks in motion, expected to save thousands of dollars.
2 years ago, Shell said it planned to add 85-thousand b-p-d of production by the end of the decade, Mitchelmore says its goal now is 80-thousand.
One of Shell’s partners, Marathon Oil has also said its thinking about selling out of the sands.
March 11th, 2013
