Canadian Natural Resources Archives - Page 2 of 4

Canadian Natural sets new emission goals after profit beat

August 5, 2021

Reuters Oil producer Canadian Natural Resources on Thursday set new environmental targets after it beat market estimates for second-quarter profit, buoyed by higher oil prices, which rebounded from pandemic-driven lows. Cash-rich Canadian oil sands producers have come under pressure to meet the country’s goal on energy transition and top companies, including Canadian Natural, said in June they would form an

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

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