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  • April 24, 2014
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Results 1 - 10 of 24 for canada

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  1. Business - Commodities - ENERGY

    Former oil tycoon plans comeback in Canada

    Posted Mar 20th 2014, 01:35am by Reuters

    ... Reuters in Beijing Former oil tycoon plans comeback in Canada A Chinese oil tycoon who lost his fortune after being jailed for embezzlement in 2007, aims to make his comeback with an ambitious project in Canada to export gas to mainland China. Gong Jialong, a truck-driver-turned-entrepreneur, ran China's largest private oil firm in the 1990s before Beijing shook up ...

  2. Business - Commodities - ENERGY

    China's oil sands bet goes sour in Canada

    Posted Dec 21st 2013, 01:49am by BLOOM

    ... in Canada China's US$37 billion bet on Canadian energy producers, from Sunshine Oilsands to Penn West Petroleum, is producing disappointing results amid sinking resource prices and operational breakdowns. Penn West and Sunshine, partly owned by China Investment Corp, the nation's sovereign wealth fund, have tumbled 17 per cent and 48 per cent respectively this year. Syncrude Canada ...

  3. Business - China Business - ENERGY

    CNOOC weighs up LNG expansion in Canada

    Posted Nov 13th 2013, 01:42pm by Eric Ng

    ... LNG expansion in Canada CNOOC, China's dominant offshore oil and gas producer, has agreed to examine the viability of building facilities on the west coast of Canada to liquefy and export ... in a statement. Rival PetroChina's parent China National Petroleum Corp already has a 20 per cent stake in another planned LNG export project in British Columbia. Canada's Minister of Natural ...

  4. Business - Commodities - ENERGY

    Canada seeks its share of gas boom

    Posted Oct 18th 2013, 04:31am by Eric Ng

    ... Eric Ng in Daegu, South Korea eric.mpng@scmp.com Canada seeks its share of gas boom The shale gas "revolution" that has spurred a large number of proposed liquefied natural gas export projects in the United States is spreading across the border. Several projects on the west coast of Canada are also targeting burgeoning Asian demand. Canada's Minister of Natural ...

  5. Business - Commodities - ENERGY

    CNOOC sees oil and gas sales increase by 6.9pc thanks to Nexen acquisition

    Posted Apr 23rd 2014, 12:50am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Nexen purchase sees CNOOC's sales revenue rise CNOOC, China's dominant offshore oil and gas producer, posted a 6.9 per cent year-on-year rise in unaudited oil and gas sales revenue to 59.15 billion yuan (HK$74 billion) for the year's first quarter. The growth was driven by the acquisition in February last year of Canada's Nexen, ...

  6. Business - Commodities - ENERGY

    Canada 'open to FDI and keen to export to Asia' says minister

    Posted Mar 14th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Canada 'open' to FDI and keen to export to Asia Canada is still open to investments from foreign state-owned firms in its energy sector, and it is keen ... yesterday, said: "Canada is open for business, we are open for foreign investment and the jobs and economic opportunities that they present." In December, Canada banned foreign state-owned ...

  7. Business - China Business - ENERGY

    Analysis: Canada’s Conservatives split over CNOOC’s bid for Nexen

    Posted Sep 27th 2012, 11:08am by Reuters in Ottawa

    ... Reuters in Ottawa Canada’s ruling Conservative Party is split over a landmark US$15.1 billion bid by China’s CNOOC for oil producer Nexen, leaving Prime Minister Stephen Harper with a difficult final call to make. A green light, still viewed by many as likely, would allow China’s biggest ever foreign takeover, extend China’s foothold in Canada’s crude-rich oil sands – an area ...

  8. Business - Commodities - ENERGY

    Canadian exports of LNG to Asia seen as enormous opportunity

    Posted Jan 23rd 2014, 09:37am by Toh Han Shih

    ... exports to Asia seen as huge opportunity The huge price differential between Canada and Asia presents opportunities for Canadian exports of liquefied natural gas (LNG), speakers at the Asian Financial Forum in Hong Kong said. "If Canada exports LNG to Asia, the potential for arbitrage is enormous. The price of gas and oil in Asia is significantly higher than Canada. It's ...

  9. Business - Commodities - ENERGY

    Drilling services provider COSL expects deep-water revenue boost

    Posted Jan 28th 2014, 01:35am by Eric Ng

    ... and the development of new wells by 16 per cent to 33 per cent this year, after a 24 per cent rise last year excluding spending by newly acquired Nexen in Canada. This bodes well for demand for COSL's ...

  10. Business - Commodities - ENERGY

    Huge gas vessel a prelude to bigger things

    Posted Dec 06th 2013, 05:09am by Reuters

    ... exporters in Canada, Russia and east Africa, all hoping to tap burgeoning Asian gas demand the same way a number of Australian and US-based LNG developments will over the coming few years. Anchored ...




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