Leapfrogging legacy technology is a critical theme in the rise of the developing world, and China hopes to embrace this thinking when it comes to energy production.» Read More
*Petronas-Progress extend closing by 30 days to Nov. 30. KUALA LUMPUR, Oct 29- Malaysian state oil firm Petronas said on Monday it has extended the closing date on its bid for Canadian gas producer Progress Energy Resources until Nov. 30, as it works to overturn the Canadian government's rejection of the proposed deal.
Canada blocked Petronas' bid for Progress this month after Industry Minister Christian Paradis said it was not likely to bring a ``net benefit'' to the country.
*Ottawa wanted to review China, Malaysia deals together. OTTAWA/ CALGARY, Oct 26- Malaysian state-owned oil company Petronas was so confident last Friday that its purchase of Progress Energy Resources Corp would be approved by Canada that company officials had drafted a press release to announce the news.
Oct 25- Canadian oil and gas producer Nexen Inc said it still expects a $15.1 billion takeover bid by China's CNOOC Ltd to close in the current quarter. Ottawa has promised to release a set of clear guidelines for large foreign investments when it announces its decision on the CNOOC takeover bid around Nov. 11.
Oct 25- Canadian oil and gas producer Nexen Inc said it still expects a $15.1 billion takeover bid by China's CNOOC Ltd to close in the current quarter. CNOOC's chief financial officer, Zhong Hua, told reporters on Wednesday that his company expected to get approval for the takeover by the end of the year.
*Says not aware of China- Canada quid pro quo talks. OTTAWA, Oct 24- Canadian Finance Minister Jim Flaherty said on Wednesday he knew of no direct talks between Canadian and Chinese officials about making approval of CNOOC Ltd's bid for Nexen Inc conditional on the approval of Canadian deals in China.
TORONTO-- Canada has blocked the Malaysian state-owned oil firm Petronas' US $5.2 billion bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net benefit to Canada. "Canada has a long-standing reputation for welcoming foreign investment.
*Credit Suisse raises Canadian Natural Resources Ltd price target to. *Credit Suisse raises Cenovus Energy price target to C $39 from C $37. *Credit Suisse raises Husky Energy price target to C $31 from C $30.
*Harper says wants growing relationship with China. DAKAR, Oct 12- Canadian Prime Minister Stephen Harper said on Friday that his country wants a growing relationship with China, but that its investments must be scrutinized from a national security perspective.
DAKAR, Oct 12- Canadian Prime Minister Stephen Harper said on Friday that his country wants a growing relationship with China, but that its investments must be scrutinized from a national security perspective.
The country's new government says its approach will be non-interference in Quebec's affairs, and gave no sign it will laud unity. The former French president Nicolas Sarkozy had broken with tradition by taking sides in the Canadian national unity debate, suggesting that Quebec sovereigntists are an insular movement that is sowing division.
HONG KONG, Oct 12- Hong Kong shares are set for a slightly higher open on Friday that will lift them into positive territory for the week as hopes of more steps from China to support its domestic stock markets lure investors back into the market.
*Canada has until Nov. 11 to decide fate of CNOOC bid. OTTAWA, Oct 11- Canada said it needs more time to complete its review of a $15.1 billion Chinese bid to take over oil and gas explorer Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to the Asian power's state-owned companies.
CALGARY, Alberta, Oct 11- A Canadian government review of the $15.1 billion Chinese bid for Nexen Inc will take security concerns into consideration in addition to a broader economic analysis of the transaction, Public Safety Minister Vic Toews said on Thursday.
OTTAWA, Oct 11- Canada said it needs more time to complete its review of China's CNOOC Ltd $15.1 billion bid to take over Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to China's state-owned companies.
TORONTO, Oct 11- Canada extended its review of a Chinese state-owned company's $15.1 billion bid for Canadian energy producer Nexen Inc by 30 days on Thursday, giving the government more time to consider the merits of CNOOC Ltd's controversial proposal.
TORONTO-- The Canadian government announced Thursday it is extending its review period for the proposed $15.1 billion takeover of Nexen Inc. by Chinese state-owned CNOOC as it needed more time to conduct a "thorough" review of the deal _ China's biggest overseas energy acquisition.
TORONTO, Oct 10- Canada said on Thursday it has extended its review of a $15.1 billion bid by China's CNOOC Ltd. "I can confirm that the review period for China National Offshore Oil Corp's proposed acquisition of Nexen Inc. under the Investment Canada Act has been extended by 30 days," Christian Paradis, Canada's industry minister, said in a statement.
*Minister Paradis confirms extension of review period under the investment. *Canada Minister Of Industry-confirms review period for CNOOC's proposed. *Canada Minister Of Industry-the proposed transaction is undergoing a rigorous.
*A Canadian naval intelligence officer pleaded guilty to spying for Russia, a public admission of an embarrassing espionage scandal that has damaged Canada's reputation among allies and will likely reverberate for years.