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Canadian Natural Resources slapped with $125,000 penalty for 2010 oil spill

2015-03-18 01:11:39| Oil & Gas - Topix.net

Canadian Natural Resources Ltd. is facing $125,000 in penalties nearly five years after an oil spill in northwestern Alberta. The sentence was handed down in provincial court last Friday after the company pleaded guilty to an offence under the Fisheries Act.

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Canadian Natural Resources triples Q4 profit to $1.2 billion

2015-03-05 19:15:47| Energy - Topix.net

Canadian Natural Resources Ltd. almost tripled its profit in the fourth quarter and said it was raising its dividend as the oil and natural gas producer ramped up production in the face of falling oil prices. The Calgary company said net income in the three months ended Dec. 31 soared to just under $1.2 billion or $1.09 per diluted share from $413 million or 38 cents in the same 2013 quarter.

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Canadian Natural Resources triples Q4 profit to $1.2 billion

2015-03-05 15:35:07| Oil & Gas - Topix.net

Canadian Natural Resources Ltd. almost tripled its profit in the fourth quarter and said it was raising its dividend as the oil and natural gas producer ramped up production in the face of falling oil prices. The Calgary company said net income in the three months ended Dec. 31 soared to just under $1.2 billion or $1.09 per diluted share from $413 million or 38 cents in the same 2013 quarter.

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Pioneer Natural Resources slashes capital plan by 45% for 2015

2015-02-11 14:17:35| Oil & Gas - Topix.net

Pioneer Natural Resources will cut capital expenditures by 45 percent in 2015 as it reacts to falling crude oil prices, according to the company's 2015 outlook released Tuesday. The capital budget will be $1.85 billion with $1.6 billion for drilling and the remaining going toward building out infrastructure for water and other facilities.

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Israel's new rules on natural resources putting off investors

2015-01-07 00:56:06| Oil & Gas - Topix.net

New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. The rules, introduced over five years for many sectors but hitting natural resource companies particularly hard, allow the break up powerful conglomerates that dominate Israel's economy, with the goal of reducing high living costs, a major voter complaint ahead of the March 17 national election.

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