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.

CLICK HERE TO READ THE FULL ARTICLE AT FINANCIAL POST


Be the first to comment

Please check your e-mail for a link to activate your account.
SUBSCRIBE TO OUR NEWSLETTERS
 
UPCOMING EVENTS

CONFERENCE
Security, Commerce and FDI in Canada

October 1, 2019

Toronto, Ontario | GET TICKETS

LUNCHEON
Priorities for the Next Government

October 24, 2019

Vancouver, British Columbia


SEARCH
THE CGAI PODCAST NETWORK

"He will have much work ahead of him" — Canada's new ambassador to China & more

September 16, 2019

(feat. Colin Robertson, Hugh Stephens, and Gordon Houlden)



The Interdisciplinarity of Insurgency(Return of the Students)

September 4, 2019

(feat. Stéfanie von Hlatky, Stephen Saideman, Tanya Irwin, and Nada Bakos)



The Conclusion of Canada's Mali Mission

September 13, 2019

(feat. David Perry and Chris Roberts)



EXPERTS IN THE MEDIA

Saudi disruption leaves Canada's biggest refinery vulnerable

by Robert Tuttle (feat. Kevin Birn), Bloomberg News, September 16, 2019

'Birth tourism' rising fast in Canada; up 13 per cent in one year

by Avis Favaro (feat. Andrew Griffith), CTV News, September 16, 2019


LATEST TWEETS

HEAD OFFICE
Canadian Global Affairs Institute
Suite 1800, 421-7th Avenue SW
Calgary, Alberta, Canada T2P 4K9

 

OTTAWA OFFICE
Canadian Global Affairs Institute
8 York Street, 2nd Floor
Ottawa, Ontario, Canada K1N 5S6

 

Phone: (613) 288-2529
Email: contact@cgai.ca
Web: cgai.ca

 

Making sense of our complex world.
Déchiffrer la complexité de notre monde.

 

© 2002-2019 Canadian Global Affairs Institute
Charitable Registration No. 87982 7913 RR0001

 


Sign in with Facebook | Sign in with Twitter | Sign in with Email