Shell, Athabasca Partners Drifting Apart in Search for Upgrading Solutions

CBCNews – Facing some tough decisions on its costly future oilsands strategy, Shell Canada (TSX:SHC) appears to be drifting apart from its partners as the energy giant pursues its own upgrading and refining solutions.

Calgary-based Shell will unveil a highly anticipated update Friday on the company’s aggressive expansion strategy at the Athabasca oilsands project – in which it owns a 60 per cent operating stake – in the wake of spiralling construction costs.

The company warned earlier this month that its first major growth project at Athabasca faced “significant upward pressure on capital costs.”
CBC News