Canadian Natural Resources Ltd. Company News

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Oil Sands Sites Face Virus Surge as Workers Fly In
It's the latest blow to the oil-rich province of Alberta.
8:00 PM EST | April 27, 2021
BP Work Model to Affect Roughly 25,000 Employees
Recall some of Rigzone's most popular downstream-related articles from the past week.
7:00 PM EST | March 13, 2021
Oilfield Services Stocks Show Resiliency
Here is a recap oil and gas market hits and misses for the week ending March 5, 2021.
7:00 PM EST | March 04, 2021
CNOOC Leads Rivals in Cutting Oil Sands Emissions
Cnooc Ltd. slashed the rate of CO2 released from its Long Lake oil sands site by a third in the eight years ended 2019, a recent study finds.
7:00 PM EST | February 10, 2021
Oil Sands Winning Praise from Wall Street
The Canadian oil sands are emerging from 2020's historic market crash with a slew of upbeat outlooks from Wall Street equity analysts.
7:00 PM EST | December 13, 2020
Oil Sands Producer Eyes Hydrogen Exports
Alberta's advantage may lie in its abundant reserves of the very fuels that hydrogen is meant to replace.
8:00 PM EST | August 12, 2020
Canada Pipelines Have Capacity to Spare
Canada's oil-sands producers are taking their time at restoring production.
8:00 PM EST | July 21, 2020
Enbridge Says Mainline Opponents are Stalling for Time
The Mainline is Canada's largest oil pipeline network, with the capacity to ship about 2.85 million barrels a day.
7:00 PM EST | January 30, 2020
Canada's Oil Industry Needs More Outlets
Canada needs new outlets for its oil production, particularly with such stagnant domestic consumption.
8:00 PM EST | August 15, 2019
Canadian Gas Scrambles to Dodge Oil Sands Fate
Canada's gas industry is working on a flurry of export and chemicals projects to avoid the same situation.
8:00 PM EST | March 18, 2019
New Refinery Offsets CNRL's Pipe Woes
CNRL says a refinery project and natural output declines should help prevent another crash in local oil prices.
7:00 PM EST | March 07, 2019
Alberta Amends Oil Curtailment to Pacify Companies
Since taking effect, the measure has reduced inventories by 5 million barrels.
7:00 PM EST | January 31, 2019
Canadian Natural Cuts Spending on Lack of Shipping Options
The pipeline shortage that has been strangling the Canadian oil industry is weighing on spending plans for next year.
7:00 PM EST | December 04, 2018
Oil Producers in Canada Look to Rosier Future
The sun will come out tomorrow, or at least some time next year. That's the message from Canadian oil producers suffering from the worst domestic glut in at least a decade.
8:00 PM EST | November 01, 2018
Canadian Natural's Production Miss Clouds Profit Beat
Canadian Natural Resources reports quarterly production that fell short of its own estimates.
8:00 PM EST | August 01, 2018
Canadian Natural Resources To Limit Output During Transport Crunch
Canadian Natural Resources Ltd (CNRL) says it will produce less than expected this spring.
8:00 PM EST | May 02, 2018
Canadian Natural Resources Slows Heavy Oil Output Over Steep Price Discount
Canadian Natural Resources says it will slow its output of heavy crude due to a steep price discount tied to tight transportation capacity.
7:00 PM EST | February 28, 2018
Canada Gas Set to Strike Back Against US Shale as Glut Eases
Output from some longtime producers is waning and pipeline maintenance is ending.
8:00 PM EST | September 13, 2017
Canadian Natural Buys Cenovus' Pelican Lake for $787 Million
Canadian Natural Resources agreed to buy Cenovus' Pelican Lake heavy-oil project and other assets in northern Alberta.
8:00 PM EST | September 04, 2017
Canadian Natural Resources Profit Tops Estimates; Cuts CAPEX
Canadian Natural Resources posts a higher quarterly profit that topped estimates.
8:00 PM EST | August 02, 2017
Canadian Natural Resources Says 2017 Production To Rise 6%
Canadian Natural Resources says it expected 2017 production to rise by 6%.
7:00 PM EST | December 14, 2016
Canadian Natural Resources Posts Bigger-Than-Expected Loss
Canadian Natural Resources Ltd, Canada's largest independent petroleum producer, reports a bigger-than-expected quarterly loss.
8:00 PM EST | November 02, 2016
Canadian Natural Resources Reports Smaller Quarterly Loss
Oil and natural gas producer Canadian Natural Resources Ltd reports a smaller quarterly loss as lower expenses help offset a slump in crude prices.
8:00 PM EST | August 03, 2016
Fire Forces Canadian Natural Resources to Shut Down Ninian Production
Canadian Natural Resources is forced to shut down production at the North Sea Ninian platform after a fire breaks out, according to reports.
8:00 PM EST | June 22, 2016
Bulk of Canada's Oil Sands Plants Seen Up in Days to Weeks
Canadian oil sands facilities representing more than 90 percent of production taken offline during a wildfire in northern Alberta have emerged unscathed and are expected to restart within days to a couple of weeks.
8:00 PM EST | May 10, 2016
Oil Megaprojects Dreamed Up A Decade Ago Thrive Amid Price Slump
Oil production in some of the riskiest, highest-cost regions of North America is still thriving, even as the worst slump in a generation takes a bite out of US shale.
8:00 PM EST | April 21, 2016
Canadian Natural Resources Targets More Spending Cuts
Canadian Natural Resources slashes its capital expenditure plan for 2016 and targets further cuts in 2017 and 2018 in response to the slump in oil prices which has hit its profits.
7:00 PM EST | March 02, 2016
CNRL Cuts Calgary, Aberdeen Staff Salaries; Cites Low Oil Prices
Canadian Natural Resources Ltd, the country's largest independent oil producer, is cutting salaries by up to 10 percent for all its staff in Calgary, Alberta, and Aberdeen, Scotland, the company says.
8:00 PM EST | September 09, 2015
Canada Oil Sands Fork Over Billions for 500,000 Unneeded Barrels
The last place oil producers want to be when prices plummet to profit-demolishing lows is midstream on a billion-dollar project in one of the costliest parts of the planet to extract crude.
8:00 PM EST | September 03, 2015
Report: Most Canada Oil Sands Crude Being Produced at a Loss
More than three-quarters of Canada's daily output of 2.2 million barrels of crude from oil sands is being produced at a loss at current prices, research from analysts at TD Securities shows, although producers are unlikely to halt operations.
8:00 PM EST | August 20, 2015
CNRL Says Fire Affected Output in Alberta Oil Sands to Return this Week
Canadian Natural Resources Ltd expects two oil sands projects in northern Alberta to return to normal rates of production this week.
8:00 PM EST | June 07, 2015
Canadian Natural Says Will Work With New Alberta Government
Canadian Natural Resources says it swung to a loss in the first quarter due to sharply lower oil prices even as production rose by nearly a third.
8:00 PM EST | May 06, 2015
Canadian Natural Keeps 2015 Spin-Off Plan As 4Q Profit Jumps
Canadian Natural Resources expects to spin off its Western Canada royalty lands this year as it reported unexpectedly strong 4Q results and boosted its dividend.
7:00 PM EST | March 04, 2015
Canadian Natural Resources Cuts 2015 Capex Forecast By 28%
Canadian Natural Resources, the country's largest independent oil producer, cut its 2015 capital expenditure and production forecast as global oil prices continue to slump.
7:00 PM EST | January 11, 2015
Canadian Natural Resources Lowers 2014 Oil Production Guidance
Canadian Natural Resources lowers its 2014 oil production guidance as a result of issues at its Kirby South and Primrose oil sands projects in northern Alberta.
8:00 PM EST | August 06, 2014
Devon Sells Some Gas Assets As Oil Focus Pays Off
Devon says it would sell some liquids-rich natural gas assets in Canada for about $2.8B and posted a better-than-expected profit as it ramps up production of more lucrative oil.
7:00 PM EST | February 18, 2014
CNR Secures Rig for Development Drilling Offshore Ivory Coast
CNR International secures Cajun Express rig for a six-well program on the Baobab field, off the Ivory Coast.
7:00 PM EST | February 10, 2014
Canadian Natural Resources Farms out Block 11B/12B Offshore South Africa
CNR and Total form a partnership to explore an area offshore South Africa.
8:00 PM EST | September 29, 2013
Canada Oil Sands Producers to Share Environmental Technology
A dozen of the largest Canadian oil sands producers agree to share funding for environmental research, saying pooling their resources will speed the creation of new technologies to reduce the negative effects of oil-sands development.
7:00 PM EST | February 29, 2012
Canadian Natural Resources Resumes Ops in Alberta
Canadian Natural Resources announced that Synthetic Crude Oil sales have recommenced from its Horizon Oil Sands operation in Northern Alberta.
8:00 PM EST | August 22, 2011
Canadian Natural Resources Reports 2010 Operational, Financial Results
"2010 was a strong year as we capitalized on the balance in our asset base through the effective allocation of capital to projects that provide the highest returns," said Steve Laut.
7:00 PM EST | March 02, 2011
Canadian Natural Resources Buoys 2011 Production with $2.4B Investment
"We will be investing over $2.4B (approx. 45% of 2011 capex) on long-term growth initiatives that provide no additional volumes in 2011 but will provide sustainable, long-term returns in 2012 and beyond," said Allan Markin.
7:00 PM EST | December 02, 2010
CNR Targets 110,000 bpd at Horizon Oil Sands
Canadian Natural Resources continues to target reliable production of 110,000 barrels per day of Synthetic Crude Oil at the Horizon Oil Sands by the middle of 2010.
8:00 PM EST | March 30, 2010
Oil Sands Producers Eye Gulf Coast Market
Canadian producers of crude from oil sands are making a big push into the U.S. Gulf Coast market, where refiners are paying the highest prices in decades for low quality, high-sulfur oil.
8:00 PM EST | March 22, 2010
Canadian Natural Resources Bumps Up Quarterly Dividend
Canadian Natural Resources' Board of Directors has declared a quarterly cash dividend on its common shares.
7:00 PM EST | March 03, 2010
CNR Posts Slight Decrease in '09 Cash Flow
CNR's cash flow from operations decreased 13% to $6.1 billion in 2009 from $7.0 billion in 2008, and net earnings decreased 68% in 2009 to $1.6 billion from $5.0 billion in 2008.
7:00 PM EST | March 03, 2010
Bahrain to Award Deep Gas Deal in First Half 2010
Bahrain's oil and gas minister Abdul Hussain Mirza confirmed to local media that NOGA will award a deep gas exploration deal during the first half of 2010.
7:00 PM EST | January 24, 2010
Oxy, CNR Bid for Onshore Bahrain Gas E&P Contract
Bapco is evaluating two bids on behalf of the National Oil and Gas Authority received last month for a deep gas exploration and production sharing contract under tender for onshore Bahrain.
8:00 PM EST | July 07, 2009
Occidental, CNR Submit Bids for Bahrain's Deep Gas Exploration Project
A top governmental official in Bahrain said Thursday that Occidental Petroleum and Canadian Natural Resources have submitted bid to participate in the country's deep gas exploration project.
8:00 PM EST | June 24, 2009
Knock Allen FPSO Starts Producing at Olowi Field Offshore Gabon
FPSO Knock Allan has completed a successful production start-up in Gabon and commenced a 10 year contract with Canadian Natural Resources.
8:00 PM EST | May 11, 2009