Canadian Natural Resources Archives - Page 3 of 4

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

Notley Leaves Alberta Oil Industry Hanging on Output-Cut Idea

November 30, 2018

From Bloomberg Premier makes no mention of curtailment in Toronto speech CTV Interview Wednesday had raised expectation that she would Alberta Premier Rachel Notley reiterated her call for Canadians to support new oil pipelines and improve two energy bills at a speech in Toronto, but made no mention of whether she’ll mandate crude-production cuts. Suffering from record-low prices because of

Canadian Natural Resources Eyes Oilsands Growth Projects

August 3, 2018

Could add up to 95 MBOEPD From the Calgary Herald When will big growth and bigger spending come back to Canada’s oilpatch? It hasn’t happened yet, although companies are starting to cast an eye towards potential expansions as cash flow levels surge with rising oil prices. On the heels of second-quarter results that pumped out $982 million in profits —

Shell Selling All 98 Million Shares of Canadian Natural Resources for $3.3 Billion

May 8, 2018

From CBC Shell obtained the shares last year when it sold its oil sands properties Royal Dutch Shell is selling its entire stake in Canadian Natural Resources for $3.3 billion US. The Dutch oil giant says it will use proceeds of the sale of almost 98 million shares — about eight per cent of the company — to pay down debt.

Canadian Natural Resources, Suncor, Cenovus Face Cutting Oil Output During Transport Crunch

May 3, 2018

From Reuters/Globe and Mail Canadian Natural Resources Ltd (CNRL) , one of Canada’s biggest oil and gas producers, will produce less than expected this spring, it said on Thursday, as transport bottlenecks pressure prices of Canadian heavy crude. Tight capacity on pipelines and rail lines from the province of Alberta early this year led to the biggest discount in four

Canadian Natural Resources Buys Assets from Cenovus for $975 Million

September 5, 2017

Canadian Natural Resources Limited (ticker: CNQ) has entered into an agreement to acquire heavy oil assets in the Greater Pelican Lake region and other miscellaneous assets in northern Alberta from Cenovus Energy Inc. (ticker: CVE), for gross cash consideration of $975 million. The assets generate production of approximately 19,600 BOEPD, Canadian Natural Resources said in a press release. Cenovus plans

Canadian Natural Resources Pays Shell, Marathon $8.24 Billion

May 31, 2017

CNQ finalizes acquisition of 70% of Athabasca Oil Sands Project Canadian Natural Resources Limited (ticker: CNQ) announced today that it has completed the acquisition of 70% of the Athabasca Oil Sands Project. The remaining 30% of the working interest is broken down between Chevron Canada Limited—which retains 20% and Shell Canada Limited—which retains 10%, according to a press release on

Shell Divests $7.3 Billion Worth of Oil Sands, Ties Executive Bonuses to Carbon Emissions

March 9, 2017

Shell exits upstream oil sands operations, but keeps its refineries Royal Dutch Shell (ticker: RDSA) announced Thursday the signing of two agreements that will see all of the company’s in-situ and undeveloped oil sands interest in Canada old and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%, according to a press release put out

Canadian Natural Resources Raises $527 Million with Cold Lake Pipeline Sale

December 12, 2016

Canadian Natural Resources Limited (ticker: CNQ) said it has reached an agreement to sell all of its interests in the Cold Lake Pipeline to Inter Pipeline Ltd. The transaction consists of the monetization of the Company’s entire 15% ownership interest of Cold Lake Pipeline Ltd. and its 14.7% ownership interest in the Cold Lake Limited Partnership. When the deal closes

Canadian Natural Resources Set to Restart Oil Sands Development

November 3, 2016

Canadian Natural Resources decides to move forward with the Kirby North project The entire oil and gas industry has faced a difficult time with low oil prices since late 2014, but perhaps none more than oil sands producers, which were forced to put off high-cost projects as oil prices rapidly declined. Companies like Canadian Natural Resources (ticker: CNQ), which produced

Canadian Natural Resources and PrairieSky Form the Largest Royalty Position in Canada

November 9, 2015

PrairieSky to purchase Canadian Natural assets for C$1.8 billion Canadian oil major Canadian Natural Resources (ticker: CNQ) announced today that PrairieSky Royalty (ticker: PSK) will purchase assets from CNR to for the largest fee simple mineral title and royalty positions in Western Canada. PrairieSky will acquire a portion of Canadian Natural’s royalty assets for total consideration of C$1.8 billion (USD$1.36

Canadian Natural Resources Announces Q2 and Dividend

August 6, 2015

Canadian Natural Resources Limited Announces 2015 Second Quarter Results Commenting on second quarter results, Steve Laut, President of Canadian Natural stated, “Canadian Natural is in a strong position. Our strong, diverse and well balanced asset base, and the effectiveness of our strategies, combined with our ability to execute these strategies, allows us to react quickly in this challenging commodity price

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