Canadian Natural Resources Ltd. is considering spinning off and selling its royalty lands following the success of Encana Corp.’s PrairieSky Royalty Ltd. initial public offering last month.
Canadian Natural Resources Ltd. aims to invest $7 billion to increase capacity next year and will raise 2012 oil output 17 percent to benefit from high oil prices, President Steve Laut said.
Canadian Natural Resources Ltd. said it expects production to resume at its Horizon oil-sands project in the third quarter.
Canadian Natural Resources Ltd., the nation’s second-largest natural gas producer, agreed to buy Devon Energy Corp.’s conventional assets in Canada for C$3.13 billion ($2.86 billion) to boost output.
Expanding pipelines and railroads are helping Canada’s biggest energy companies get higher prices for oil, leaving bulls in command in the options market.
Delays by the U.S. in reviewing Keystone XL are helping build momentum for an oil pipeline to Canada’s East Coast.
Canadian Natural Resources Ltd. said it’s taking steps to improve the safety of its Primrose oil- sands project in Alberta after a series of spills.
U.S. President Barack Obama’s ruling on Keystone XL is becoming more critical for oil-sands producers such as Canadian Natural Resources Ltd. than pipeline builder TransCanada Corp.
Canadian Natural Resources Ltd., the country’s worst-performing major energy stock this year, is sitting on its shale-gas reserves until the price rebounds rather than joining the race to export the fuel to Asia.
"The PraireSky option obviously looks attractive."
- Steve Laut on Jun 17, 2014