Canadian Natural Resources Limited announces 2021 first quarter results
May 6, 2021
Calgary, Alberta–(Newsfile Corp. – May 6, 2021) – Commenting on the Company’s first quarter 2…
Resurgent Canadian natgas producers look to horn in on U.S. market
February 16, 2021
Reuters CALGARY, Alberta – Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States for the first time in five years. The opportunity for Canadian firms to take a piece of the market back from U.S. rivals reverses one of
Long-suffering Canadian oilpatch faces ‘biggest existential crisis’ yet
May 11, 2020
Reuters Canada’s oil patch has endured five years of existential threats that have pruned weaker companies, but now its strongest firms are trying to navigate the coronavirus pandemic, which has set off the worst crisis in the oil industry in 40 years. Economic shutdowns have ground travel to a halt, cutting fuel demand by roughly 30% worldwide. With consumption down,
Canadian Natural swings to loss, slows output as oil prices slump
May 7, 2020
Reuters Canadian Natural Resources Ltd (CNQ.TO) posted a quarterly loss on Thursday compared with a year-ago profit, hurt by the sharp decline in oil prices caused by the novel coronavirus outbreak and a price war between Saudi Arabia and Russia. Canada’s largest oil and gas producer also withdrew its 2020 production outlook and said it would curtail production by roughly
Canadian Natural Resources Limited announces 2020 budget
December 4, 2019
Oil and Gas 360 CALGARY, Alberta, Dec. 04, 2019 (GLOBE NEWSWIRE) — Commenting on the Company’s 2020 budget, Steve Laut, Executive Vice-Chairman of Canadian Natural stated, “Canadian Natural’s ability to generate significant and sustainable free cash flow sets us apart from our peers. Our focus on capital discipline, as a part of our four pillars of capital allocation, operational excellence
Canada’s Largest Oil Producer Joins Opposition to Enbridge Pipeline Plan
August 27, 2019
From Reuters Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network. Canadian Natural’s letter to the National Energy Board (NEB), filed late on Monday, calls on the regulator to delay Enbridge’s proposal to switch
Canadian Oil Companies See Output Cuts Easing as Rail Capacity Grows
July 10, 2019
From Reuters Major Canadian oil companies, which publicly disagreed over the Alberta government’s forced curtailments this year, are in lockstep over how to end the production limits and reinvigorate the battered industry. Senior executives from Suncor Energy, Canadian Natural Resources, Imperial Oil Ltd and Cenovus Energy said at a TD Securities investor conference in Calgary on Tuesday that they are
Devon Energy Sells Canada for $2.8 Billion
May 30, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Devon looks to focus on oil-based growth in U.S., departs Canada Canadian Natural Resources Limited (stock ticker: CNQ) inked a deal this Wednesday to acquire Devon Energy Corp.’s (stock ticker: DVN) Canadian assets for a cash purchase price of approximately US$2.8 billion (CAD $3.8 billion). The deal is expected to close
Canadian Natural Optimism Up on Oil Curtailments, Crude-by-Rail Rebound
May 10, 2019
From the Canadian Press/Fort McMurray Today Fears of another Alberta oil price crisis are ebbing thanks to the government’s production curtailment program and improving crude-by-rail profitability, says the president of oilsands producer Canadian Natural Resources Ltd. But anxiety about a return to the steep price discounts of last fall won’t disappear until new pipelines are built and flaws are fixed
Canadian Natural Resources Starts Automatic Securities Purchase Plan
April 15, 2019
Canadian Natural Resources Limited Announces Establishment of Automatic Securities Purchase Plan
Canadian Oil Sands: Producers Weigh In On Curtailments, Historically High Differentials, Transporting Oil Out
March 8, 2019
Q4 earnings caps a wild quarter By Richard Rostad, analyst, Oil & Gas 360 Two major Canadian oil sands producers, Canadian Natural Resources (ticker: CNQ) and Meg Energy (ticker: MEG) held conference calls late this week, providing a glimpse of the thoughts of two of the largest producers in the country. As might be expected, both companies experienced wild quarters
Delivering Game Changing Environmental Performance: ‘More Canadian Oil and Gas on the Global Market will Reduce GHG Emissions’ – CNQ Exec. Vice Chairman
March 8, 2019
“It’s not 2009 anymore” By Richard Rostad, analyst, Oil & Gas 360 The Canadian oil sands have often been criticized as a particularly environmentally unfriendly source of oil, but Canadian Natural Resources (stock ticker: CNQ) disagrees. CNQ’s Executive Vice Chairman Steve Laut laid out the environmental case for the company’s activities in its conference call yesterday, explaining “When it comes
