Shell May Increase Oil Sands Exposure

Anglo-Dutch oil major Royal Dutch Shell has offered to buy the 22% stake in subsidiary Shell Canada that it does not already own, potentially increasing the group's exposure to the Canadian oil sands industry even further. If the purchase goes ahead, Shell will regain full control over the company and will therefore benefit from an unfettered operational scope. However, the firm will also increase its exposure to an industry that is hugely promising but is shaping up to be an extremely expensive set of developments. While oil prices were at record levels over the summer, investors became increasingly confident that

To read the full article, please choose one of the following options: