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"Unfortunately, there are no precise data on the foreign-owned share of the oil and gas sector."
Nexen Energy said in a statement Friday night that there is no immediate danger to the neighbouring community.
"The affected facility has been shut down and we are stabilizing the scene."
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Nexen says it is committed to managing its operations in a safe, environmentally and socially responsible manner.
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Nexen said it is reviewing the decision to determine its next steps.
Nexen Energy is being allowed to reopen some pipelines at an Alberta oilsands operation after provincial regulators suspended the licences for them last month.
Curran says the pipelines will stay shut down until Nexen can show the AER that it is complying with the requirements of the Pipeline Act.
A week after the spill was first reported, Nexen still does not know what caused the pipeline to rupture or when it might have started to leak. The pipeline may have been leaking for hours or even days before a problem was finally detected. Clearly, when it comes to pipelines, new does not necessarily mean better -- or even safer.
OTTAWA - CN Rail, at the urging of Chinese-owned Nexen Inc., is considering shipping Alberta bitumen to Prince Rupert, B.C., by rail in quantities matching the controversial Northern Gateway pipeline,...
OTTAWA - Canada should reject most if not all future corporate takeovers from Chinese state-owned enterprises, contends a new report from the University of Calgary's School of Public Policy, arguing t...
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 takeover of Nexen closed earlier this week."In the ve...
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 takeover of Nexen, first announced last July, was...
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.
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.