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.
"If we had low pricing, we may decide some time in 2015, we could defer Grouse."
- Steve Laut on Nov 06, 2014