SHELL has cancelled its Carmon Creek oil sands project in western Canada due in part to a shortage in pipeline capacity.
The oil giant says the decision to halt construction of the 80,000 bbl/d project will cost US$2bn in writedown charges and will remove 418m bbl of bitumen from its reserves list.
http://www.tcetoday.com/latest%20news/2015/october/shell-cancels-canadian-oil-sands-project
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