The skyline in Balzac is expected to change as structural demolition on the Nexen Balzac Complex will begin in July.
Andrew Hamilton, Nexen Balzac Complex Abandonment and Reclamation (NBCAR) project manager, presented Rocky View County council with an updated timeline of the field and plant activities, June 18.
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With the sale of Nexen to CNOOC having officially closed Monday, many are wondering what’s next.
After all, a few things have changed since the deal was announced last July.
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Nexen Inc. has cleared all the hurdles in the $15.1-billion (U.S.) deal to be acquired by CNOOC Ltd. after clinching U.S regulatory approval.
The Calgary-based global oil and gas company said on Tuesday it has received approval from the Committee on Foreign Investment in the United States, or CFIUS, which had been closely studying the transaction.
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OTTAWA – A federal decision on the CNOOC-Nexen deal and new guidelines for foreign takeovers are only the beginning of a necessary policy conversation, says Alberta’s intergovernmental affairs minister.
First, Alberta wants to see more clarity and transparency in Ottawa’s next version of the foreign investment rules, Cal Dallas said in an interview on Wednesday.
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The Harper government is buying itself some more time to deal with a political hot potato.
It is extending its review of the controversial $15.1-billion bid by a Chinese state-owned company to acquire Calgary-based oil and gas producer Nexen Inc.
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OTTAWA- At three minutes to midnight Friday, the Harper government took a tremendous risk with Canada’s economic future.
In a terse 163-word press statement distributed at 11:57 pm (ET) on a newswire, Industry Minister Christian Paradis informed the world that Canada would not receive a “net benefit” if Malaysian state-owned firm Petronas bought Calgary-based Progress Energy for $5 billion. Ottawa was blocking the transaction, the third time the Harper government has spiked a foreign takeover.
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