"We're assuming that the royalty, regulatory and environmental burdens will be reasonable, allowing for investment and job creation," Laut told a conference call to update investors on the company's strategy. © Copyright 2020 The Globe and Mail Inc. All rights reserved. Bill Gates and others are betting yes, Due to technical reasons, we have temporarily removed commenting from our articles. Canadian Natural Resources Limited 2100, 855 - 2 Street SW Calgary, Alberta, Canada T2P 4J8 Phone: 403.517.6700 Fax: 403.517.7350
Mr. McKay also urged the province to address oil curtailment. General Counsel & Corporate Secretary at CNRL Calgary, Canada Area 500+ connections. CANADIAN NATURAL RESOURCES LIMITED 2100, 855 - 2nd Street S.W. The tank roof support structure that collapsed onto the worker was a skeleton structure. China retaliates against news media in latest feud with U.S. Muslims call for French goods boycott to protest caricatures, North American stock markets plunge amid soaring COVID-19 infections, Cenovus shares plummet on news of its $3.8-billion deal to buy oilsands rival, LIVE NOW: Special coverage of the 2020 Sask. Non-subscribers can read and sort comments but will not be able to engage with them in any way. The company has the largest undeveloped base in the Western Canadian Sedimentary Basin. CNRL’s 26 page list of well nominations included sites near Fort St. John, Buick, Prespatou, Cecil Lake, Montney, Stoddart Creek, Inga, up to Tommy Lakes and Buckinghorse. Calgary, Alberta, T2P4J8 Phone: 403-514-7777 Email: ir@cnrl.com www.cnrl.com TIM S. MCKAY President … President Darren M. Fichter* Chief Operating Officer, Exploration and Production Scott G. Stauth* Chief Operating Officer, Oil Sands Mark Stainthorpe* Chief Financial Officer and Senior Vice-President, Finance Troy J.P. Andersen* Senior Vice-President, Canadian Conventional Field Operations Bryan C. Bradley* Senior Vice-President, Marketing The former NDP government first imposed curtailment in January to drain the glut of oil in storage and help ease a crippling price differential on Canadian oil. “Even though it’s been a long time between the time the event occurred and the time that report was done, we felt obliged to take a closer look at that new information,” said Mulder.
Canada's Most Trusted News. Also available in French and Mandarin. Votes 2020: Live results for all 61 constituencies, 10 Sask. Jason M. Popko Manager, Investor Relations (403) 514-7777 ir@cnrl.com www.cnrl.com. [17], The Association of Professional Engineers and Geoscientists of Alberta (APEGA) has reopened its inquiries into a fatal accident that occurred in the oil sands in 2007.professional-engineering-oversight-lacking-in-cnrl-horizon-tank-disaster.
Mr. McKay said the missing piece of the puzzle leaves him “less-enthused” about crude by rail. This article was published more than 6 months ago. It includes a surface oil sands mining and bitumen extraction plant and bitumen upgrading with associated infrastructure. “The number and size of guy wires that were supporting the roof support structure in tanks 72-TK-1A and 72-TK-1B, was not designed for the static and dynamic loads imposed by the 33 to 45 km/h wind that occurred on the day of the incident, let alone for the maximum expected wind speed of 83 km/h as determined by the Alberta Building Code, or 190 km/h recommended by the American Petroleum Institute.”, In June 2013, the Alberta Energy Regulator investigated reports of leaks in the company's Primrose East oil sands project. At the time of the accident the tank’s roof support structure was only partially complete and the roof was suspended by cables. CNRL president expects 'reasonable' changes with Alberta NDP. Calgary, Alberta, T2P4J8 Phone: 403-514-7777 Email: ir@cnrl.com www.cnrl.com TIM S. MCKAY President … [4], In 2000, the company acquired Ranger Oil for C$1.08 billion. The shares were sold in 2018. CALGARY -- The president of one of Canada's biggest oil and gas producers says he doesn't believe Alberta's NDP government is out to hurt the industry as it prepares to review royalties and revamp environmental regulations. This translation has been automatically generated and has not been verified for accuracy. But, he said, "adjusting the royalty, taxation and regulatory burdens is complex and the risk of getting it wrong is high.".
We hope to have this fixed soon. Canadian Natural Resources Limited, or CNRL or Canadian Natural is a company engaged in hydrocarbon exploration primarily in Western Canada, the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Sign up for our weekly email newsletter delving into climate science and life on a changing planet. "The conversations we've had with the government to date, as well as the public statements that they have made, lead us to believe the government will be pragmatic when they address the issues up and coming and they made it clear that they want a strong and viable oil-and-gas industry, and it's important to all Albertans and Canadians," said Laut.
But Steve Laut, with Canadian Natural Resources Ltd. (TSX:CNQ), warned damage could still be inflicted, especially when there are so many changes happening at once. President. The Canadian oil giant was pegged as one of the front-runners in the rail-contract negotiations in a provincial postbudget analysis by TD Securities. APEGA says it is now investigating because the health and safety report indicates that a professional engineer was not involved as was required.
Full Disclaimer. That was in large part due to lower-than-expected operating costs. Mark A. Stainthorpe Chief Financial Officer and Senior Vice-President, Finance. election, Deadly confrontation outside Toronto LCBO, Simulation shows droplets in human breath, Fort McMurray man amasses massive following on TikTok. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. Thank you for your patience. [16], In June 2019, the company acquired the remaining assets in Canada of Devon Energy. University of Ottawa / Université d'Ottawa. The company’s swath of production facilities in Alberta and Saskatchewan means it has been able to manage curtailment and remain relatively unscathed, announcing on Thursday third-quarter net earnings of more than $1-billion and adjusted net earnings of approximately $1.2-billion. [1], The company is ranked 342nd on the Forbes Global 2000.
"We don't think (the NDP) want to see job losses out of this whole thing.
The erection procedures for erecting the roof support structures had not been prepared and certified by a Professional Engineer. Welcome to The Globe and Mail’s comment community. [1], The company has the largest undeveloped base in the Western Canadian Sedimentary Basin.
Canadian Natural Resources Limited, or CNRL or Canadian Natural is a company engaged in hydrocarbon exploration primarily in Western Canada, the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon.The company is headquartered in Calgary, Alberta.. Indeed, the analysis in the health and safety report includes several indications that professional oversight was lacking and labour rules were being ignored:
CNRL cuts spending, salaries as more oil producers trim capital plan.
[8][9], In February 2004, the company acquired Petrovera Resources, a joint venture between Encana and ConocoPhillips. A scaffolder who was on the tank floor was also crushed by the falling steel and died on the way to hospital in Fort McMurray. The company sanctioned the Horizon Oil Sands Project in February 2005 and it began production in early 2009. "We can easily get to a tipping point here and go into a spiral where you lose revenue, you lose jobs and actually get yourself in a worse position. constituencies to watch on election night, Liberals facing stiff challenges in two Toronto byelections, Amy Coney Barrett confirmed to U.S. Supreme Court in partisan vote, Motion to study feds' COVID-19 response passes, despite Liberal objections, Police issue 77 fines, charge 7 people for violating federal Quarantine Act, Canadian man gains 2.4M TikTok followers by pondering life, Looking back at 10 stunning moments from Trump's presidency, Here's why a U.S. president can only serve for two terms, What you need to know about Sask. And, at 7.27. Your time is valuable. In the U.K., for instance, Laut said the industry may have been irreparably harmed by the changes, even though the government has since reversed course on many of them. I'm a print subscriber, link to my account, Avoid the use of toxic and offensive language. The call was held in lieu of Canadian Natural's annual day-long investor open house event, which the company delayed last month. I don't think they want to do that. Canadian Natural Resources Ltd. chairman Murray Edwards, left, and president Tim McKay prepare to address the company's annual meeting in Calgary, Thursday, May 9, 2019. The report makes it clear that the structural design of the tank was inadequate:At 7.2.6: “The roof support structure was a completely bolted structure using ASTM A-307 Grade B bolts without the use of wedges or washes. He was pronounced dead at the scene.