Royal Dutch Shell is selling its stake in Canadian Natural Resources Ltd. for about $4.3 billion, saying proceeds from the sale will contribute to reducing net debt. Continue reading →

Canadian Natural Resources Ltd. says it choked back heavy oil production in the first quarter to avoid selling at low prices it blames on poor pipeline capacity out of Western Canada. Continue reading →

Canadian Natural Resources Ltd. is considering adding a 30,000- to 40,000-barrel-per-day bitumen-only project to its Horizon oilsands mine to take advantage of excess ore production and pipeline capacity. Continue reading →

Canadian Natural Resources has completed construction of an expansion of its Horizon oilsands mine and will gradually ramp up production. Continue reading →

Both the Alberta Energy Regulator and Alberta Occupational Health and Safety said they are investigating after a fire broke out at Canadian Natural Resources’ Horizon oilsands site north of Fort McMurray, Alta. Continue reading →

Cenovus Energy is selling its Pelican Lake heavy oil operations in northern Alberta for $975 million cash to Canadian Natural Resources. Continue reading →

The company says its profit in its latest quarter amounted to 93 cents per diluted share compared with a loss of $339 million or 31 cents per share in the same quarter last year. Continue reading →

Canadian Natural Resources says it has approved another expansion of its Horizon oilsands mine but must revisit the scope of the project because of unexpectedly robust production from two previous expansions. Continue reading →

CNRL is reporting $245 million of net income for the first quarter, a big improvement from the loss it experienced at the same time last year but less than analysts expected. Continue reading →

One industry expert says the transaction shows that the oilsands just can’t compete for investments at current oil prices. Continue reading →