Oil and gas producer Canadian Natural Resources Ltd. said on Friday it would temporarily shut-in about 65,000 barrels per day (bbl/d) of crude oil production due to forest fires in Alberta.
The company on Thursday completed the evacuation of all 240 personnel at its Pelican Lake and Woodenhouse operations, it said in a statement.
U.S. natural gas production is declining as domestic consumption falls but global demand, including for LNG, is adding to optimism.
The supermajors are focused on specific developments and improving efficiency in the Permian Basin as market conditions recover.
Most of the growth over the next year or so is expected to come from the Permian Basin and Eagle Ford Shale along with notable growth this year from some gas plays, analysts say.