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PETRONAS

News & Analysis as of May 22, 2013

Osler, Hoskin & Harcourt LLP

2012 Capital Markets Review

2012 Capital Markets Review - Our Capital Markets Review is well established as one of Osler’s most popular publications. It contains our analysis of events that have affected the Canadian capital markets during the past...more

Heenan Blaikie LLP

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

by Heenan Blaikie LLP on 12/13/2012

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

Dentons

Focus on Foreign Investment: Canada Gives Green Light to CNOOC and Petronas Deals, But Red Light to Future SOE Takeovers in Oil...

by Sandy Walker | Dentons on 12/12/2012

On Friday, December 7th, the Canadian Government approved two controversial takeovers of Canadian companies under the Investment Canada Act, Canada’s foreign investment review legislation: the acquisition of oil and gas...more

Bennett Jones LLP

Canadian Government Adjusts Rules for Foreign Investment

by Donald E. Greenfield Q.C., Y. Beth Riley | Bennett Jones LLP on 12/11/2012

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

Osler, Hoskin & Harcourt LLP

New Rules for Foreign Investment by State-Owned Enterprises - Do They Strike the Right Balance?

by Peter Franklyn, Peter Glossop, Michelle Lally, Christopher Murray, Shuli Rodal, Frank Turner | Osler, Hoskin & Harcourt LLP on 12/10/2012

On December 7, 2012 the federal government announced its approval of both Malaysian-controlled PETRONAS’ proposed $6 billion acquisition of Progress Energy Resources Corp. (“Progress”) and China National Offshore Oil...more

Bennett Jones LLP

PETRONAS Decision Signals Feds' Caution on SOE Investment Reviews

by Bennett Jones LLP on 11/8/2012

On October 19, 2012, minutes prior to the expiry of the review period mandated by the Investment Canada Act (ICA), the Minister of Industry, Christian Paradis, announced that he was rejecting the proposed acquisition of...more

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