CNOOC

The U.S. Department of Defence on Dec. 3 blacklisted a Chinese state-owned oil company that has a heavy presence across Canada for being associated with the communist regime’s military.

China has established itself as a top lender to emerging market energy firms lacking access to capital.

Every year Epoch Times takes a look back at the biggest news stories that grabbed the attention of the entire country. This year, Toronto Mayor Rob Ford made headlines around the world and a handful of senators managed to make abolishing the Senate an idea with traction. Like most years, the big news is often the most tragic, such as natural disasters or an iconic business gone awry, but at least we had a social media juggernaut of an astronaut to lighten the mood.

Recent developments in Canada’s relations with China was the topic of a forum hosted Monday by Green party leader Elizabeth May and Rev. Majed El Shafie.

During the last month of 2012, Christian Paradis, Canada’s minister of industry, announced on behalf of the Canadian government the approval of the $15.1 billion acquisition of Nexen Inc. by China state-owned enterprise (SOE) China National Offshore Oil Company (CNOOC).

PM Stephen Harper approved China-based CNOOC’s takeover of Nexen Inc. but said Canada does not want foreign SOEs buying up the oil sands sector.

Industry Minister Christian Paradis said Wednesday that the government could extend its review of the Nexen CNOOC takeover.

The Conservative government is extending its review of CNOOC’s bid to takeover the Calgary-based Nexen.

Swann said Canada’s decision on CNOOC’s proposal to take over Nexen should be based on the principles of human rights.

The Falun Dafa Association of Canada has identified 76 people persecuted by CNOOC and its subsidiaries for practicing Falun Gong.

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against a firm for insider trading related to the recently proposed CNOOC-Nexen deal.

Production was halted at China National Offshore Oil Corporation’s (CNOOC) Bohai Bay drilling site due to a control problem on July 12.

Chinese authorities finally confirmed that oil is gushing out of the Penglai 19-3 oilfield in the Bohai Sea.