Canadian Natural Resources Ltd. is moving ahead with early engineering work on two steam-driven oilsands projects, but an $8.25-billion mine expansion remains on hold until questions around government environmental policies are resolved.
The Calgary-based oil and gas giant said Thursday that it is progressing front-end engineering work this year on a pair of medium-term growth projects: the 30,000 barrel-per-day Jackfish expansion and the 70,000 barrel-per-day Pike 2 project. Canadian Natural is also working on procuring equipment for its thermal oilsands growth strategy.
