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Wildfire forces Shell to shut Alberta oil sands site

May 04, 2016 10:18 AM ETShell plc (SHEL) StockCEO, SU, SHELBy: Carl Surran, SA News Editor3 Comments
  • Royal Dutch Shell (RDS.A, RDS.B) says it has shut down its Albian Sands mining operations in Alberta following the huge wildfire that forced evacuation of tens of thousands people from Fort McMurray and the surrounding area.
  • "While our operations are currently far from the fires, we have shut down production at our Shell Albian Sands mining operations so we can focus on getting families out of the region,” the company says.
  • Suncor Energy (NYSE:SU) earlier said it was reducing output at its facilities in the region to allow workers and their families to get to safety; SU says its plant is ~16 miles north of Fort McMurray and is in a safe condition.
  • Nexen, the Cnooc (NYSE:CEO) subsidiary whose Long Lake oil sands project is close to Fort McMurray, says it is working on a modified staffing plan to manage the situation.

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