Canadian Natural Resources is setting its 2019 capital budget at $1-billion less than its “normalized” range but says it will ramp up spending if heavily discounted oil prices in Western Canada rebound. Continue reading →

Oil production cuts will have the desired outcome of reducing steep discounts on Alberta oil — but it will also create winners and losers, according to financial analysts. Continue reading →

Shares in oilsands companies most likely to benefit from Alberta’s move to curtail oil production are soaring in the wake of Sunday’s announcement by Premier Rachel Notley. Continue reading →

A positive final investment decision for LNG Canada could eventually encourage other projects to follow suit, creating demand needed to soak up Western Canada’s glut of natural gas, producers say. Continue reading →

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 →