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Canadian Natural Resources Aims to Produce More, Spend Less in 2018 with $4.3 Billion Capex

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SUGAR LAND--November 8, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian Natural Resources Limited (CNR) (NYSE:CNQ) (Fort McMurray, Alberta) is aiming to produce more at a lower cost in 2018, after a long period where it and other exploration and production (E&P) majors learned to deal with weak commodity prices. The decision follows third-quarter results that indicated stronger production and higher realized prices for crude oil and natural gas liquids (NGL). Industrial Info is tracking more than $30 billion in active projects involving CNR, including almost $6 billion worth that are nearing or under construction.

Within this article: Details on some of the highest-valued projects from CNR, including its Kirby North SAGD plant and NWR Sturgeon Refinery project, both in Alberta.

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Industry Segment: Production
Word Count: 676 Words

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