By then, China was already investing heavily in the oil sands. In 2009, PetroChina bought a 60% interest in two undeveloped oil sands projects, containing an estimated 5bn barrels of oil. And in 2013, the Chinese state-owned CNOOC purchased the third-largest Canadian oil and gas company, Nexen, for $15.1bn. CALGARY — A Chinese company’s $817-million investment in a northern Alberta heavy oil project nine years ago has collapsed in value to less than $80 million, based on the price its Canadian partner has negotiated for the sale of its majority stake. China’s initiative to increase 2019 capital investment in oil exploration by 20%, to $77 billion, in order to boost production in two old oilfields signals a new strategic direction. The goal is CALGARY, Alberta (Reuters) - The Canadian government is inviting Chinese investment in its oil sands sector, Canada Natural Resources Minister Jim Carr said on Thursday, following a torrid six months in which $22.5 billion in foreign capital fled the embattled sector.
31 May 2018 By then, China was already investing heavily in the oil sands. In 2009, PetroChina bought a 60% interest in two undeveloped oil sands projects 3 Sep 2019 Significant barriers to new investment, more certainty needed around regulatory The foreign content of the Alberta oil sands has been thinned over the Chevron), three from China (CNOOC or China National Offshore Oil 9 Sep 2019 Alberta's petroleum reserves, known as the “oil sands,” are estimated to be the it was deemed too expensive to merit large-scale private investment. Driven by geopolitics and rising demand from China, oil prices rose 26 Sep 2017 Dover was focused on two oilsands operations in the region of Fort www.cbc. ca/news/business/china-oilsands-alberta-oilsands-investment-
25 Jun 2019 However, other non-oil sands deposits are very popular across all of western Provinces that will be of interest to energy investors across North Husky owns a large deepwater gas project in the South China Sea and has 8 Feb 2019 And building an oil sands mine can take years, requiring a large time But Chinese growth has been slowing of late, and that has investors invested millions of dollars in the Alberta Oil Sands Technology and talk about the U.S. as a riskier market and seek to export the oil to China, India and other. Canada welcomes Chinese investment, including in the oilsands, he told a 2- The Kinder Morgan pipeline would facilitate tar sands crude oil exports to China 11 Oct 2017 China's major investment in Canada's energy sector, in particular the Chinese investors who are keen on oil sands and tar investments may
China’s search for oil sands and technology started in 2005, when CNOOC bought a minority stake in MEG Energy Corp in what was China’s first oil sands investment in Canada. Cenovus gets about 25% of its oil production from the oil sands region. The rest comes from other oil sources. The company is also active in natural gas, and natural gas liquids in Canada. Cenovus is the most expensive, by P/E, of the group. But it also has the highest dividend of the group, at 2.25%.
31 May 2018 By then, China was already investing heavily in the oil sands. In 2009, PetroChina bought a 60% interest in two undeveloped oil sands projects 3 Sep 2019 Significant barriers to new investment, more certainty needed around regulatory The foreign content of the Alberta oil sands has been thinned over the Chevron), three from China (CNOOC or China National Offshore Oil 9 Sep 2019 Alberta's petroleum reserves, known as the “oil sands,” are estimated to be the it was deemed too expensive to merit large-scale private investment. Driven by geopolitics and rising demand from China, oil prices rose