{"id":547847,"date":"2010-04-30T07:49:32","date_gmt":"2010-04-30T11:49:32","guid":{"rendered":"http:\/\/www.earthportal.org\/news\/?p=3319"},"modified":"2010-04-30T07:49:32","modified_gmt":"2010-04-30T11:49:32","slug":"shell-to-halt-oil-sands-expansion","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/547847","title":{"rendered":"Shell to halt oil sands expansion"},"content":{"rendered":"<p><a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/industry-news\/energy-and-resources\/shell-puts-oil-sands-expansion-plans-on-hold\/article1550160\/\" ><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/beta.images.theglobeandmail.com\/archive\/00613\/sell-shell_jpg_613942gm-a.jpg\" width=\"308\" align=\"right\" height=\"244\" \/><\/a><a href=\"http:\/\/eenews.net\/Greenwire\/2010\/04\/29\/7\/\" >Greenwire<\/a>: Citing high costs, Royal Dutch Shell PLC announced that it plans to  hold off on expanding <a href=\"http:\/\/www.eoearth.org\/article\/Oil_sands_development\">oil sands<\/a> projects for at least five years.<\/p>\n<p>Marvin Odum, the Americas head for the energy company, said the oil  sands have become one of the most expensive places to build and extract  oil, so Shell will wait on expanding the Athabasca Oil Sands Project and  instead focus on getting more production from its existing  infrastructure.<\/p>\n<p>The company&#8217;s retreat comes after strong declarations in 2007 that  it could eventually mine almost 800,000 barrels of bitumen a day. The  oil sands were set to be a boom for Shell, which managed a per-barrel  profit 66 percent higher than its other assets in the first year of  production at AOSP. But the expansion plans have been more costly than  originally thought, rising from $9.4 billion in 2006 to $14.3 billion  this year, and predicted oil prices won&#8217;t cover that difference.<\/p>\n<p>That has led Shell to focus more on a pipeline to Asia or offshore  oil in Alaska, Brazil and the Gulf of Mexico. And simply increasing  existing production in the oil sands could net Shell an extra 30,000 to  80,000 barrels daily above the current 255,000 barrels per day rate.<\/p>\n<p>The oil sands have also been assailed with environmental complaints  over high energy and water use and possible destruction to the land.  Odum said Shell has a strong environmental record and that the  greenhouse gas emissions in the oil sands were &#8220;not ridiculously high,&#8221;  although he conceded the company could advertise that better  (VanderKlippe\/Ebner, <a href=\"http:\/\/www.theglobeandmail.com\/report-on-business\/industry-news\/energy-and-resources\/shell-puts-oil-sands-expansion-plans-on-hold\/article1550160\/\" ><em>Toronto  Globe and Mail<\/em><\/a>, April 28). <strong>&#8211; JP<\/strong><\/p>\n<p class=\"akst_link\"><a href=\"http:\/\/www.earthportal.org\/news\/?p=3319&amp;akst_action=share-this\"  title=\"E-mail this, post to del.icio.us, etc.\" id=\"akst_link_3319\" class=\"akst_share_link\" rel=\"nofollow\">Share This<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenwire: Citing high costs, Royal Dutch Shell PLC announced that it plans to hold off on expanding oil sands projects for at least five years. Marvin Odum, the Americas head for the energy company, said the oil sands have become one of the most expensive places to build and extract oil, so Shell will wait [&hellip;]<\/p>\n","protected":false},"author":4055,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,7],"tags":[],"class_list":["post-547847","post","type-post","status-publish","format-standard","hentry","category-energy","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/547847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4055"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=547847"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/547847\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=547847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=547847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=547847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}