Oil Sands › State-Owned Enterprises

"End of a trend"? Canada Approves CNOOC/Nexen and Petronas/Progress Acquisitions, but Revises Approach to SOE Investment

Introduction & Background - On Friday, December 7, 2012, the Canadian government (the “Government”) issued determinations under the Investment Canada Act (the “Act”), approving acquisitions by foreign state-owned...more

Canadian Government Adjusts Rules for Foreign Investment

On December 7, 2012, the Canadian Minister of Industry announced decisions under the Investment Canada Act (ICA) to allow acquisitions by two foreign state-owned enterprises (SOEs): of Nexen Inc. by China National Offshore...more