New Challenges For Selecting Necessary Aspects Of Critical Illness Insurance

New Challenges For Selecting Necessary Aspects Of Critical Illness Insurance

Canadian Natural would pay Shell $11.1 billion, comprised of $5.4 billion in cash plus 98 million shares. Shell is also selling its Peace River thermal oilsands assets, including its shelved Carmon Creek project, and undeveloped oilsands leases to Canadian Natural. Shell CEO Ben van Beurden said in a statement the deal allows the company to focus on assets such as deepwater oil and gas that offer higher returns on capital. “Our people have built a really strong, competitive and environmentally responsible oilsands business over the last several decades, but oilsands mining and in situ operations are no longer a strategic fit for Shell,” said Shell Canada president Michael Crothers on a conference call. Marathon announced the oilsands sale in a news release that also revealed it would spend $1.1 billion to buy U.S. shale assets. Upon completion of the deal, Canadian Natural will take over from Shell as operator of the Athabasca mining assets, located east across the Muskeg River from its Horizon oilsands mine. Shell would continue to operate the upgrader and Quest. It would retain 100 per cent ownership of the neighbouring Scotford refinery and chemicals plants. Canadian Natural says as part of the agreements, it will take on 3,100 employees from Shell and Marathon Oil.

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