Tag: Divestiture
Shell sells Alberta oil sands business to CNRL for $11.1 billion
Canadian Natural Resources already one of largest oil sands operators, makes significant bet on long-term future of bitumen Royal Dutch Shell plc is getting out of the Alberta oil sands, selling almost all of its interests and operations to Canadian Natural Resources Limited for $11.1 billion. Shell plc announced Wednesday the signing of two agreements by […]
Majority of pension-fund beneficiaries oppose fossil fuel divestment – survey
Survey asks critical question: What do actual pensioners think of fossil fuel divestment? The District of Columbia Retirement Board intends to divest its direct financial holdings in hydrocarbon-energy producers, while not selling any of its larger commingled funds that contain many of the same stocks, according to the Independent Petroleum Association of America. The IPAA unveiled new […]
WPX Energy hedges more production, reduces debt
WPX says it remains engaged in discussions to sell all or a portion of its assets in Piceance Basin TULSA, Okla.- WPX Energy says it has shored up its balance sheet by selling assets and hedging about 75 per cent of its oil production. WPX Energy says it added more hedges to protect cash flows and repurchased […]
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