CANADIAN NATURAL RESOURCES Ltd

The company was founded on 7 November 1973, as AEX Minerals Corporation and adopted the present name in 1975. In 1998, the company sold land to Remington Energy for C$127.5 million. In 1999, the company and Penn West Petroleum (now Obsidian Energy ) acquired the Canadian assets of BP Amoco. In 2000, the company acquired Ranger Oil for C$1.08 billion. In 2002, the company acquired Rio Alto for $2.4 billion.

In February 2004, the company acquired Petrovera Resources, a joint venture between Encana and ConocoPhillips. In September 2006, the company acquired the Canadian operations of Anadarko Petroleum for US$4.1 billion. In April 2014, the company acquired the conventional assets in Canada of Devon Energy for C$3.125 billion. In 2017, the company acquired the Canadian oil sands assets of Royal Dutch Shell, including a 70% working interest in the Athabasca Oil Sands Project, for $5.3 billion in cash plus 97,560,975 shares. The shares were sold in 2018. In August 2018, the company acquired the idled Joslyn oil sands project from Total S.A. and its partners. In September 2018, the company acquired Laricina Energy for $46 million. In June 2019, the company acquired the remaining assets in Canada of Devon Energy.

Incidents

Horizon tank farm collapse fatalities

In 2007, a tank that was under construction collapsed, killing two workers and seriously injuring two others.

Primrose oil seeps

In June 2013, the Alberta Energy Regulator investigated reports of leaks in the company's Primrose East oil sands project. The regulator concluded that nearly a million litres of bitumen mixed with water had seeped into the ground around the site.

Slave Lake pipeline spill

In April 2014, a pipeline owned by the company spilled 70,000 litres of oil and processed water northwest of Slave Lake, Alberta.

Red Earth Creek pipeline spill

In November 2014, a pipeline owned by the company spilled almost 60,000 litres of crude oil into a muskeg region 27 kilometres from Red Earth Creek, Alberta.