Cnooc

Feds Holding Back Oil Patch Investment, Says Alberta

CBC | Posted 11.02.2014 | Canada Alberta

Alberta wants the federal government to reconsider changes to the Investment Canada Act that it says have discouraged foreign interest in the oil patc...

No More Takeovers By 'Agents Of Chinese Regime': Report

CP | Julian Beltrame, The Canadian Press | Posted 08.06.2013 | Canada Business

OTTAWA - Canada should reject most if not all future corporate takeovers from Chinese state-owned enterprises, contends a new report from the Universi...

Chinese Firm In No Hurry To Ink More Oilpatch Deals

CP | Lauren Krugel, The Canadian Press | Posted 04.29.2013 | Canada Alberta

CALGARY - The head of CNOOC Ltd. said the Chinese-state-owned firm is in no hurry to do any more big deals in the oilpatch since its $15.1 billion tak...

CNOOC-Nexen Deal Closes

CP | Lauren Krugel, The Canadian Press | Posted 04.27.2013 | Canada Alberta

CALGARY - Chinese state-owned firm CNOOC Ltd. is now officially in control of Calgary oil and gas producer Nexen Inc. (TSX:NXY).CNOOC's $15.1 billion ...

2012: Winners and Losers of Canadian Politics

Ryan Painter | Posted 03.11.2013 | Canada Politics
Ryan Painter

The jet lag has passed and the Christmas decorations (for some of us at least) are put away in storage. With 2013 stretching out before us, let's reflect on the year that was 2012 in Canadian politics. The best and worst political stories, the best and worst politicians and the biggest sellout.

The Nexen Deal Is Only the Beginning

Diane Francis | Posted 02.17.2013 | Canada Business
Diane Francis

After the Nexen deal was approved, Prime Minister Stephen Harper framed this as the "end of a trend" not the "beginning" of a buyout frenzy by more sovereign-owned enterprises (SOEs). But this is not the end. This is the beginning of the beginning. Phone calls are already being made to launch new buyouts by foreigners here.

Will CNOOC Follow Through?

CP | Bill Graveland, The Canadian Press | Posted 02.16.2013 | Canada Politics

CALGARY - Federal Immigration and Citizenship Minister Jason Kenney is confident that China National Offshore Oil Co. will follow through with its end...

Why Fear Tainted Nexen Takeover And Why It Was Ignored

CP | Lauren Krugel, The Canadian Press | Posted 02.11.2013 | Canada Alberta

CALGARY - Nexen Inc. began 2012 as a troubled oil and gas company struggling to meet its production targets and appease its shareholders.It ends the y...

Harper's Make-and-Break Attitude on Foreign Investment

Gavin Magrath | Posted 02.11.2013 | Canada Politics
Gavin Magrath

The way Harper made his decision on the new foreign ownership rules is dangerous and undemocratic. Canada has legislation, the Investment Canada Act, that sets out the process and requirements for foreign purchases. Strange that the deal that prompted him to develop the policy will be immune from the policy. Can he choose to ignore his own rules the next time?

Media Bites: Snuggle Up, We're in Bed with China

J.J. McCullough | Posted 02.09.2013 | Canada Politics
J.J. McCullough

2012-04-27-mediabitesreal.jpg The big prime ministerial deed done this Friday was Harper's much-awaited blessing of the sale of the Calgary-based Nexen oil sands corporation to the cuddly commies at the China National Offshore Oil Coporation. According to some, our government is evidently making major decisions about international commerce using no coherent human logic whatsoever.

No Shortage Of Money To Pour Into Oilsands: Oliver

CP | Heather Scoffield and Stephanie Levitz, The Canadian Press | Posted 02.09.2013 | Canada Business

OTTAWA - Prime Minister Stephen Harper may have been talking specifically about the oilsands when he shut the door to foreign state-controlled takeove...

'He's Intent On Having His Cake, And Eating It Too'

CP | Heather Scoffield, The Canadian Press | Posted 02.07.2013 | Canada Business

OTTAWA - The spectre of the National Energy Program has struck again.During the five months the Harper government spent agonizing over the CNOOC takeo...

Foreign State-Owned Companies Will Keep Coming: Experts

CP | Lauren Krugel, The Canadian Press | Posted 02.06.2013 | Canada Business

CALGARY - Foreign capital will continue to flow into Canada's resource sector, despite Prime Minister Stephen Harper's vow to raise the bar on the lev...

What Are The Tories About To Announce, Late On A Friday Afternoon?

CP | Stephanie Levitz and Craig Wong, The Canadian Press | Posted 02.06.2013 | Canada

OTTAWA - Prime Minister Stephen Harper ended months of market uncertainty by approving the foreign takeovers of Calgary-based Nexen Inc. and Progress ...

Foreign Companies Must Stop Gaming Our System

Diane Francis | Posted 01.29.2013 | Canada Business
Diane Francis

China's track record in Canada is checkered, to say the least, and yet the China-Canada trade deal would open the floodgates to tens of thousands of sovereign enterprises then exempt them from Investment Canada scrutiny if they want to buy more.

Have Evidence Of Chinese Firms Spying? 'If Not... Shut Up'

CBC | Posted 01.17.2013 | Canada Business

Beijing's representative in Ottawa says Chinese firms are not involved in foreign espionage and he challenges anyone who says otherwise to produce evi...

Are All the Single Ladies Really Like the Oil Sands?

Lee Tunstall | Posted 01.15.2013 | Canada Business
Lee Tunstall

When I first read that Chen Weidong, chief energy researcher at the CNOOC Energy Economics Institute, had likened the oilsands to "leftover single women," I'll admit I was mightily aggrieved. This is because, well, I resemble that remark. It was flat out offensive. And women, especially single women, are becoming a powerful force in society.

There's Nothing Fair About Canada-China Trade

Diane Francis | Posted 01.06.2013 | Canada Business
Diane Francis

Last week, a casualty of China's unfair treatment of foreign investors spoke privately about the new trade deal signed between Ottawa and Beijing. Ottawa capitulated to China on everything. The deal, using a hockey metaphor, allows only a select few to play on Team Canada on a small patch of ice in China and to be fouled, without remedies or referees.

What's At Stake For Harper In CNOOC Decision

CP | Heather Scoffield and Stephanie Levitz, The Canadian Press | Posted 01.23.2014 | Canada Business

OTTAWA - As a former deputy minister at Industry Canada, there was no one in government who knew the Investment Canada Act more intimately than Paul B...

Not Buying Harper Government's Tactics On Nexen Deal

CP | Posted 01.03.2013 | Canada Politics

OTTAWA - The New Democrats are criticizing the Harper government for extending a review of the controversial takeover bid of oil producer Nexen. Th...

There's A Price Of Saying No To China: Experts

CP | Julian Beltrame, The Canadian Press | Posted 12.31.2012 | Canada Business

OTTAWA - Canada can expect a chilly reception and damaged relations with Beijing if the Harper government dents China's pride by refusing a $15.1-bill...

The Russians Are Coming Too

Diane Francis | Posted 12.29.2012 | Canada Politics
Diane Francis

Sovereign-owned or controlled enterprises (SOEs) from questionable countries have no business in the boardrooms of Canada or other free enterprise nations. This concern about SOEs is not just about China. Russia is another questionable regime with companies investing here and all over the world that are owned by The Kremlin or by oligarchs who answer to it.

Media Bites: Maybe China Will Take Over the Liberal Party Too

J.J. McCullough | Posted 12.29.2012 | Canada Politics
J.J. McCullough

2012-04-27-mediabitesreal.jpg A couple months ago, the China National Offshore Oil Coporation announced that it would like to purchase Calgary oil firm Nexen. And the speculation began. If you're praying for a quick end to all this China intrigue, rest assured, you're not alone. But at least it keeps our minds off what's fast becoming one of the more depressing trends in Canadain politics: how the sudden resignation of Premier McGuinty seems to have triggered a mass exodus of his party's senior braintrust.

Feds Push Back Decision On Nexen Takeover

CP | The Canadian Press | Posted 12.11.2012 | Canada Business

OTTAWA - The federal government is extending its review period for the proposed takeover of Nexen Inc. (TSX:NXY) by China's state-owned offshore oil c...

How the Nexen Deal Could Dent Our Pipeline

Diane Francis | Posted 12.10.2012 | Canada Business
Diane Francis

If the CNOOC/Nexen approval is given, before the Keystone pipeline is approved, a new set of questions for the Americans will be opened up. Letting China Inc. have special access could give President Obama a reason not to approve Keystone, and could also Romney, if he wins, a reason to consider not approving the line as he has pledged to do on Day One.