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

SEARCH
THE CGAI PODCAST NETWORK

Are We Hitting The Mark With ITBs?

February 8, 2019

(feat. David Perry, Richard Fadden, Troy Crosby, Leigha Cotton, Jeff Waring, and Ray Castelli)



Discussing Canada's Relationship with Indonesia

February 12, 2019

(feat. Colin Robertson and Teuku Faizasyah)



EXPERTS IN THE MEDIA

Paradigm shift coming for oil industry

by Nelson Bennett (feat. Kevin Birn), Business in Vancouver, February 21, 2019

Jared Kushner privately working on reshaping legal immigration

by Franco Ordonez (feat. Eric Miller), Miami Herald, February 20, 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.

 

© 2002-2018 Canadian Global Affairs Institute
Charitable Registration No. 87982 7913 RR0001

 


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