Patient capital means Chinese majors unlikely they will leave the oil sands anytime soon.
Will add three steam-driven well-pads that will send bitumen to its existing facilities.
Company says the affected area is about 16,000 square metres, mostly along the pipeline’s route.
Says cuts are compliant with commitments made to the federal government in CNOOC takeover.
The project southeast of Hong Kong taps into three offshore fields, using shared infrastructure to produce the gas.
David Johnston is upbeat about an impending visit where he hopes to continue the four decades of Canada-Sino relations.
ADRs were worth about C$212 on Wednesday.
Nexen’s existing assets and CNOOC’s North and Central American operations will be headquartered in Calgary.
Canadian mining exports to China have eclipsed total exports to Germany.
Companies will invest $4 billion in central Alberta shale development.
May depress the value of some Canadian firms, but only moderately.
Approving Nexen takeover won’t undermine free-market control of the oil patch, according to prime minister Harper.
Companies to proceed with the construction of the Lelu Island export facility.
Alberta intergovernmental affairs minister says Ottawa needs to be more transparent in it’s next version of foreign investment rules.
Nexen-CNOOC deal would create middle-class jobs and bolster trade relations with China, he says.