Introduction to Business Team Project: Canadian Natural Resources Limited

6050 WordsMar 10, 201225 Pages
Introduction to Business Team Project: Canadian Natural Resources Limited Course Number: 04-75-100 Course Title: Introduction to Business Professor’s Name: Mr. Tony Mao Student’s Names: Daniel Pineau-103696836, Kate Stasiak-103137566, Quinton Rossini-103137500, Rajpal Sohi-103657079, Matthew Reid-103177436 Date Submitted: Wednesday, November 30, 2011 Executive Summary Canadian Natural Resources Limited, incorporated on November 7, 1973, is an "independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, and natural gas production"(Canadian Natural Resource Limited: TSE:CNQ quotes and news, n.d.). The company is environmentally conscious, very…show more content…
Through progress, Canadian Natural Resources Limited had progressed to primary heavy crude lands in 1993 and purchasing thermal in-situ areas 3 years later, becoming a leader in the in-suti crude oil developments. As of 2000, they sought out to acquire assets from The North Sea along with Offshore Africa while also creating gas conservation with equipment including "pipelines, pad compressors, booster compressors, gas plants, and fuel lines" (Canadian Natural Resources Limited Performance Presentation Primary Recovery Heavy Oil Sands Schemes, n.d.) While continuing to strengthen the Northwestern Alberta and British Columbia 's basins, Canadian Natural Resource Limited furthered their achievements by recognizing synthetic crude oil at the Horizon Oil sands, leading to a shipment of such into the sales pipeline. Also in 2008, Canadian Natural Resources seeked out the ‘Kirby In-Situ Oil Sands’, hoping for approval on another project. From the beginning Canadian Natural Resources has strived to achieve something different and make an impact. Throughout the history of the company, Canadian Natural Resources has continued to search for new and economic ways to improve the company, "predict[ing] an oversupply of natural gas could last as long as seven years, keeping prices low"( 2011, March. CNRL

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