Canadian oil stocks rise as U.S. airstrike stokes fears of market disruption

By The Canadian Press Posted January 3, 2020 12:54 pm Updated January 3, 2020 12:57 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ Higher oil prices in the wake of a U.S. airstrike…

CNRL 2020 budget rises by $250M on oil curtailment ease; putting more rigs to work

By Global News Posted December 4, 2019 10:04 am Smaller font Descrease article font size –A Larger font Increase article font size A+ Canadian Natural Resources Ltd. says its 2020 capital budget will be $250 million higher than last year…

Canadian Natural Resources reports $1.03B third-quarter profit

Canadian Natural Resources Ltd. says it earned $1.03 billion in its latest quarter, down from $1.80 billion in the same quarter last year. The company says the profit amounted to 87 cents per diluted share for the quarter ended Sept.…

Oil price jump linked to Saudi Arabian attacks sparks energy stock rally

Higher oil prices spurred by an attack on Saudi Arabian oil facilities boosted the Canadian energy sector on Monday but are expected to result in higher fuel prices for consumers. Long-suffering Canadian oil and gas stocks were on track to…

Clean-up ‘well-advanced’ after gas pipeline leak into tributary of Beaverlodge River: CNRL

One week after a natural gas pipeline leaked, partly into a tributary of the Beaverlodge River in northwestern Alberta, “clean-up activities are well advanced,” according to Canadian Natural Resources Ltd. On its website, the Alberta Energy Regulator says the pipeline…

Cover-ups, lies ‘a systemic cancer’ in world of oilpatch health and safety breaches: whistleblowers

The words may not have been explicit, but oilpatch contractor Matthew Linnitt says he read between the lines: lie on official documents about an incident that could have killed him, or someone would be fired. The tacit threat, he alleges,…

Greenhouse gas intensity decreasing at Suncor, CNRL: report

Greenhouse gas emissions intensity of Canada’s two largest oil and gas producers continues to trend in the right direction: downward, according to sustainability reports highlighted by energy publication JWN. Story continues below JWN Energy said Suncor Energy and Canadian Natural…

Producers still cautious despite higher Q2 expectations on stronger oil prices

Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets. Canadian oil…

CNRL buying Devon Energy’s Canadian oil assets for $3.8 billion

Calgary-based oil company Canadian Natural Resources Ltd. has signed a deal to buy the Canadian operations of Devon Energy Corp. for $3.8 billion. Story continues below The assets include thermal in situ oilsands production and conventional primary heavy crude oil…

CNRL optimism up on oil curtailments, crude by rail rebound

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. Story continues below But anxiety about a return to the…