In The Media

Rare foreign investment in the oilsands as Nexen proceeds with $400M expansion

by Geoffrey Morgan (feat. Kevin Birn)

Financial Post
June 20, 2018

CALGARY – Nexen Energy will begin work on a new $400-million expansion of its Long Lake project, in a rare return of foreign direct investment to the oilsands.

Nexen, the Calgary-based subsidiary of China’s state-owned oil company CNOOC Ltd., announced Tuesday it had decided to proceed with a project to add 26,000 barrels of oil production per day to its Long Lake oilsands development.

“This decision further affirms CNOOC Ltd.’s long-term confidence in the Alberta energy sector and helps achieve the Alberta government’s climate objectives,” the company said in a release, noting that the new project would reduce Long Lake’s overall emissions intensity.

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PODCAST

Positioning Canada in a Shifting International Order: Canada's Energy Future

July 16, 2018

On today's Global Exchange Podcast, we continue our series on positioning Canada in a shifting international order. Today's episode, recorded during our May 8th foreign policy conference in Ottawa, has Monica Gattinger, Michael Cleland, and Ian Brodie in conversation with CGAI President Kelly Ogle on the future of Canada as a major energy producer and exporter.



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