CNOOC News

Canada’s Alberta Province Charges Nexen Energy After 2 Workers Die in Explosion

Canada’s Alberta province has brought eight charges against Nexen Energy, a unit of China’s CNOOC Ltd., after two workers died in an explosion at its Long Lake oil sands plant in early 2016, an Alberta government spokeswoman said on Wednesday …

Canada’s Oil Sands Facilities Prepare to Restart as Wildfires Begin to Slow

All of the Canadian oil-sands facilities that workers fled last week as a wildfire spread are being allowed to prepare for restart as cool, humid weather has helped contain the inferno. Alberta lifted mandatory evacuation orders for the last of …

Alberta Wildfires Spare Almost 90% of Fort McMurray, Canada’s Energy Hub

The massive wildfires that swept through Canada’s energy hub of Fort McMurray left almost 90 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods. “This city was surrounded by an ocean of fire …

Alberta Wildfires Could Hit Canada Economy Harder than Hurricane Katrina in US

Intact Financial Corp. may post insured losses of as much as C$1.1 billion ($850 million) from the wildfires in Alberta, which could dent the Canadian economy harder than Hurricane Katrina hit the U.S. Intact, Canada’s biggest property and casualty insurer, …