* Newstin.co.uk is for sale! * After achieving our strategic milestone, we are offering for sale: Newstin.co.uk and all 14 related domains featuring 1 million unique visitors per month + continuously updated news database of 37 million articles in 12 world languages from 166,000 global and weighted sources + 2.1 billion metadata * To seize this unique chance, contact invest@newstin.com. * Newstin.co.uk is for sale! *

Shell abandons plans for heavy oil refinery expansion near Sarnia, Ont.

By: Lauren Krugel, THE CANADIAN PRESS CALGARY - Shell Canada abandoned plans Tuesday for a multibillion-dollar refinery expansion near Sarnia, Ont., which would have processed up to 200,000 barrels a day of heavy crude from the company's northern Alberta oilsands operations. The firm, wholly owned by Royal Dutch Shell (NYSE:RDS.A), told its employees to stop pre-development and engineering work on the project that will be shelved indefinitely. "This decision is a very difficult one for Shell and it is only taken after careful consideration," Amrik Ahluwalia, Shell's general manager of manufacturing expansion, said in a statement on the company's website. The announcement came after a comprehensive review, said Shell Canada's Graham Boje, who oversees Shell's refinery expansions. "There are a range of conditions that we assess... [read full story]                    

Add Comment
There are also 16 related articles
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organisations, related topics, regions and companies