This week we interview Steve Laut the Executive Vice Chairman of Canadian Natural Resources that has risen to be Canada’s largest oil and gas producer aided by recent acquisitions, including purchasing Shell Canada and Devon’s oil sands assets. Steve explains that oil sands are no longer high cost or high carbon and more improvements are coming with CNRL’s aspirational goal to reach net zero emissions on their upstream production. Steve also raises some concerns about the Enbridge Mainline, a system that constitutes 70% of all oil pipeline capacity exiting Western Canada. One issue is the procedures for allocating space on the pipeline that need to be fixed since they have contributed to lower Western Canadian oil prices, including during final quarter of 2018. Another concern is Enbridge’s plan to change the contracting for the Mainline, moving from 100% of the pipeline being available under an uncommitted service now, to 90% of the capacity offered under firm service agreements that leave only 10% for spot shipments.
July 16th, 2019
ARC Energy Research Institute | July 12th, 2019
Peter Tertzakian | July 9th, 2019
July 9th, 2019
ARC Energy Research Institute | July 7th, 2019
Jackie Forrest Retweeted Canadian Natural @CanadianNatural Jul 15 RT @CanadianNatural: “Our goal is to get to #netzero greenhouse gas emissions in the oil sands by leveraging #technology and #Canadian inge…
Jackie Forrest Retweeted Kent Kaufield @KDKaufield Jul 15 RT @KDKaufield: Excellent recent ARC Energy Ideas podcast covers the state of corporate #ESG reporting today, what investors are looking fo…