Chinese firm buys $435-million stake in Penn West to form oilsands joint-venture
Thu May 13 2010
The Canadian Press
CALGARY — China is making yet another push into Alberta’s oilsands, taking on a five per cent stake in Penn West Energy Trust and inking a joint-venture to develop some of the Canadian oil heavyweight’s land.
Kinder slows Canadian plans
May 26, 2010
Pipelines - Kinder Morgan Energy Partners has slowed multibillion-dollar plans to add oil pipeline capacity to Canada's West Coast due to a lack of demand, but still believes its proposal is the oilsands industry's best option, its president said Tuesday.