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…

CNRL reports $961M Q1 profit up from $583M a year ago

Canadian Natural Resources Ltd. reported a first-quarter profit of $961 million, up from $583 million in the same quarter last year, as it benefited from higher prices due in part to Alberta’s mandatory production curtailments. Story continues below READ MORE: Who…

Calgary-based oilsands producer cuts production expectations after fire at Edmonton-area facility

Canadian Natural Resources Ltd. is cutting production expectations as damage is repaired from a fire at the Scotford Upgrader northeast of Edmonton two weeks ago. The Calgary-based oilsands producer owns 70 per cent of the facility, which is operated by…

Canada’s oilsands emit CO2 emissions significantly higher than reported: study

New federal research suggests greenhouse gas emissions from Alberta’s oilsands may be significantly higher than industry reports. In a study published Tuesday, Environment Canada scientists say four major oilsands mines are releasing an average of about one-third more carbon dioxide…