Tag Archives: KinderMorgan

Mike Smyth: Kinder Morgan Facing Increasingly Uphill Battle


Read this column from the Province’s Mike Smyth on the increasingly rocky ride Kinder Morgan is facing with its proposed mega-expansion to the Trans Mountain Pipeline and oil tanker traffic through Vancouver. (Dec. 9, 2012)

There was a time when pipeline projects were so common and boring they wouldn’t need a public-relations campaign or saturation advertising to sell them.

But that was before climate change, the Alberta oilsands, the Deepwater Horizon disaster and the pipeline rupture that made a mess of the Kalamazoo River. It was before heightened public concern over oil tankers off the B.C. coast, and long before a ­company called Enbridge proposed the Northern Gateway pipeline, and unleashed B.C.’s biggest environmental battle in a generation.

The Enbridge project has become a political flashpoint in the province, with the NDP’s ­Adrian Dix firmly opposed to it, and Premier Christy Clark’s Liberals laying down strict conditions for supporting it. But while the politicians and pundits duke it out over Enbridge — and the company soaks the airwaves with pro-pipeline ads — another company called Kinder Morgan is quietly going about its business. It’s B.C.’s ­“other pipeline”: the $4-billion proposal to twin the existing TransMountain connection from Alberta to Burnaby.

Like Enbridge, the company wants to pump heavy diluted bitumen from the oilsands to the B.C. coast, where it would be loaded onto tankers for shipment to Asia. Oil-tanker traffic would swell from the current five to 25 ships per month. But unlike Enbridge, there’s been no massive ad campaign, though one might come later. For now, Kinder Morgan has opted for a series of lower-profile town hall meetings along the pipeline route.

“We’ve taken a very local approach,” says Ian Anderson, president of Kinder Morgan ­Canada. “The team working on the project is based in Vancouver, and the people meeting one-to-one in the communities are British Columbians.”

The town hall events feature fresh-faced young people staffing the information displays. A couple of friendly and casually dressed company officials — Michael Davies and Greg Toth — lead the sessions.

Not a Calgary power suit in sight.

The low-key approach seems to be working for the company, which has taken much less flak than Enbridge in the province’s pipeline wars.

But that could change. Protesters have appeared at most of Kinder Morgan’s events — “we know them by name now,” Davies jokes — though the biggest excitement before last week was a streaker flashing by in Nanaimo.

Then the tour hit Victoria, and a busload of protesters drove up and swarmed the meeting. (Yes, that would be a bus powered by ­fossil fuel.) The protesters took down the company’s information displays and sat on them, preventing the public from seeing them. A few of the company’s placards were torn and vandalized with markers…

…While Adrian Dix has soundly condemned the proposed Enbridge pipeline, the NDP leader has remained officially neutral on Kinder Morgan, saying the company has not officially applied for a pipeline permit yet. It’s a technical loophole Dix has seized to avoid taking a position on an increasingly controversial issue that could end up dividing his own party.

Read more: http://www.theprovince.com/business/Kinder+Morgan+pipeline+project+increasingly+rocky+ride/7669460/story.html#axzz2EfizxsUt

It's been a big year for the environment in Canada - including lots of rallies like this one in Prince Rupert to oppose the Enbridge pipeline

How the Environment is Becoming the Top Issue for Canadians


Wendy and I, exercising a habit of some years now, are further depleting our kids’ legacies and will be away until January 10, starting with 20 days in the Caribbean then 4 days in Boston visiting friends.

It’s been an interesting year in the environmental field.

Opposition to the Enbridge Northern Gateway project is massive and I predict the same situation will prevail against the proposed Kinder Morgan expansion. In fact, this is the first time in my memory that the environment has been the #1 issue. In fact, one of the signs is that neither the government, nor sadly, the opposition want to come to grips with several major environmental issues. The federal government is beyond all hope and may have to be stopped by massive civil disobedience, which no doubt will come.

All of us who are now waiting in the trenches must, in my opinion, pay considerable homage to those who have fought before us when the public was not so concerned. They were branded as “tree huggers” by many who now have learned that they were in fact heroes.They indeed cleared the pathway to public awareness of what lay ahead if we didn’t learn from their experience.

We – that is to say those not committed to the philosophy of the Fraser Institute and its in-house newspaper, the Vancouver Sun – know that without fail large companies who wish to invade our wilderness and oceans lie through their teeth constantly and without exceptions. This doesn’t make us communists or even socialists – neither of those two styles of governance have been much in synch with matters environmental, with Russia and China being in a class of their own when it comes to ecological indifference – at best.

I believe that many British Columbians know that we’re not talking “left” and “right” here but “right” and “wrong”.

A very good example was my Roast in November 2012 in the WISE Hall in East Vancouver. As I noted on the occasion, many in attendance that night would rather have been caught in a house of ill-repute just a few years before. Perhaps the leading indicator was the folks of West Vancouver who fought so hard to save the Eagleridge plateau from the degradation of the wildlife habitat and then took a bus down to the East Delta Agricultural Hall to help protest against degradation of agricultural land, Burns Bog and other wildlife preserves by the expansion of the Deltaport project and South Fraser Perimeter Road by corporations and the government. The meeting was addressed by people from both the right and the left. It was a moment of great symbolism which simply is not understood well enough by both major BC parties, especially not by the Liberals.

Environmentalism is not shrill protest, for protest’s sake, based on political objects rather than evidence. People have seen and heard with their own eyes and ears what is happening with fish farms, private power projects that have all but bankrupted BC Hydro; they’ve seen farmland destroyed and looked at the record of pipelines and tanker companies; they have not only assessed the risks of catastrophes to come, but also realize the consequences that will flow. They have come to ask, “is it worth taking any risk if the damages will be catastrophic and permanent?”

I think that slowly but steadily the public has come to realize that money is no answer. What does it profit the province if they get billions of dollars but lose their wilderness as a result? In Biblical terms, what does it profit a man to gain the entire world but lose his own soul?

And the soul of the province, how we live, how we look at ourselves and how we look at our legacy has become a hugely important factor.

How much are our wild salmon worth?

What price on our rivers and the ecologies they sustain?

Is there any financial arrangement that will compensate for the loss of our coastal fauna and flora as well as the people who, for centuries, have been sustained by those resources? Incidentally, a recent UBC study found that a single oil spill from tankers on BC’s coast could wipe out all the economic gains of the Enbridge pipeline.

If we lose our farmlands, is there a price that will offset that? Will the farm cease to be the underpinning of our way of life? Is money going to buy us the food we need?

There is this notion that we must continue to “progress”, which is code for “money talks and when it does one should bow down in grateful obeisance to the god Mammon and forever hold our tongues.”

I reject that notion. We can progress and prosper without placing our entire outdoors at the certain risk of destruction. Other prosperous democracies have managed to survive without screwing up their environment as the people of BC are being asked to accept.

In the May election in 2013 we have what may be our last chance to stop right wing governments, mad economists and soulless corporate bloodsuckers from desecrating our beautiful land.

A rally against Kinder Morgan's proposed pipeline and tanker expansion last year.

Public Will Soon Turn on Kinder Morgan…Will the NDP?


Mike Smyth had an interesting column in Sunday’s Province, dealing with the proposed second and much larger Kinder Morgan Pipeline to Vancouver, which would see a five-fold increase in tanker traffic through Vancouver’s harbour. In it he told us that the company was being very laid back compared with Enbridge, holding a series of public information sessions. Mr. Smyth, quite correctly in my view, said that the public, if only mildly involved now, would change its attitude toward Kinder Morgan.

Kinder Morgan will and indeed is being dishonest with the public. This is no different than Enbridge or any other pipeline – they all maintain that there will be no spills and that, if there are, they will be minor (which is what Enbridge said about Kalamazoo) and quickly cleaned up. This is nonsense and the public will very soon be letting Kinder Morgan know that.

We must all know that corporations simply do not tell the truth except by accident. Their face to the public comes from highly skilled public relations departments and highly skilled and expensive outside agencies.

As we have seen with BP in the Gulf of Mexico disaster, after the tragedy they are quick to find pictures of healthy birds and animals to show that all is well again.

Close to home, the Ashlu private river power project is of interest. Ledcor received its right to dam and divert the river on the basis that migratory salmon would not be interfered with. The permission was in these words:

A decision was taken on November 30, 2009 and was that the authority may exercise any power or perform any duty or function with respect to the project because, after taking into consideration the screening report and taking into account the implementation of appropriate mitigation measures, the authority is of the opinion that the project is not likely to cause significant adverse environmental effects. (emphasis added).

To say that salmon have indeed been adversely interfered with is putting it very mildly indeed.

This report from the Wilderness Committee:

More than 3,000 pages of documents obtained separately by the Vancouver Sun and the Wilderness Committee through freedom of information requests show water-flow fluctuations caused by run-of-river hydro projects are killing fish — and the problem is not isolated.

While independent power producers insist their sector remains the cleanest energy option, the documents bolster environmentalists’ long-standing concerns about the industry.

“I’m seeing significant environmental problems,” said Gwen Barlee, policy director for the Wilderness Committee. “And that runs completely counter to what the companies are saying, which is essentially, ‘Trust us with your wild rivers and there won’t be any problems.’ ”

The documents detail repeated short-term fluctuations in water flows, resulting in the stranding and killing of juvenile fish downstream of two plants, Capital Power on the lower Mamma and Innergex on Ashlu Creek, another tributary of the Squamish.

In one incident on Ashlu Creek, on May 8, 2010, 166 salmon and trout fry became stranded due to rapidly dropping water levels. Fewer than half of the fry could be returned to the creek alive. Another 39 fry died during a stranding on April 20, 2011.

Neither hydro operation has been charged.

This happens all over the province – companies get government permission to dam a river, the understanding being that salmon runs will not be harmed, then the salmon runs are extensively damaged.

What is also endemic is the lack of any government surveillance of water used and released by the company. They promise, cross your heart and hope to die, that they will conform to the terms and when they don’t there are no consequences.

While Kinder Morgan isn’t into hydroelectricity, its pipeline will cross many streams and rivers and it too will cross its heart and promise that it will be so careful in fish habitat we have nothing to worry our pretty little heads about.


But there is much more. If this line goes through there will be upwards of 350 tankers leaving Burrard Inlet every year going through the very dangerous 2nd Narrows Bridge, loaded with deadly bitumen.

We will be assured that there won’t be any accidents and, if there are, why it will all be cleaned up spick and span and that there will be no residual damage.

This is bullshit and they know it.

Kinder Morgan’s Director of Engineering and Marine Development Mike Davies acknowledged at a recent debate in Vancouver that there have been more than 70 spills from the current Trans Mountain Pipeline over its 60 year lifetime. That includes a 2007 spill that drenched a Burnaby neighbourhood in oil – for which the company was found partially responsible and ordered to pay a $150,000 fine by the courts. Then, last week we learned from a National Energy Board report on the spill of 90,000 litres of oil from the company’s Abbottsford tank farm in 2011 that emergency alarms warning of a leak went ignored by operators for hours.

This takes me into politics.

Adrian Dix, the leader of the NDP, won’t take a stand on the Kinder Morgan line until it formally files its application.

This cop-out is raw cowardice. Dix knows as much as he ever will about this pipeline – enough to oppose it no matter how much they will ship.

This is causing us at The Common Sense Canadian to re-think our policy for next May’s election.

Dix is evidently worried that he will be seen as “against everything”. No one, least of all Damien Gillis and I want Dix to be against everything but only those projects that will damage our precious province and all the fauna and flora that our wilderness sustains.

In addition to damage done in any particular place there is the question of the cumulative impact of the half dozen or more oil, gas and condensate pipelines now proposed for BC. No environmental process, Provincial or Federal, has addressed this question.

In fact the process reminds one of a Soviet “show” trial. The result is certain but to make it look good, governments hold hearings where the desirability of the project is out of order, it already being  a “done deal”.

As it sits right now, as we survey the scene on environmental matters, there is little to separate the uncaring, corrupt Liberals from the gutless NDP.


Report: Kinder Morgan Pipeline Operator Ignored Alarms During Recent Abbotsford Spill


Read this story from the Vancouver Sun’s Gordon Hamilton on a new report from the National Energy Board which reveals operators of an Abbotsford tank farm, connected to Kinder Morgan’s Trans Mountain Pipeline, ignored alarms suring a recent spill for hours. (Nov. 28, 2012)

A National Energy Board report reveals that Trans Mountain Pipeline operators ignored warning alarms for three-and-a-half hours before responding to a gasket failure that resulted in a crude oil spill last January at its Sumas tank farm near Abbotsford.

It took six hours after the first warning sounded for Trans Mountain’s Sumas operator to arrive on the scene, where a spill was discovered. The crude oil did not escape from a containment area but noxious fumes were released into the atmosphere, affecting nearby residents.

The NEB estimates 90,000 litres of crude oil escaped.

This latest oil spill report comes at a time when pipeline owner Kinder Morgan is applying to expand the pipeline’s capacity from 300,000 barrels a year to 750,000 barrels to feed Asian markets. It has given the company a black eye, said Ben West, of the Wilderness Committee.

The report is critical of monitoring staff at Trans Mountain’s control centre at Edmonton, stating that the control centre operator failed to set an alarm within the required time limit of 15 minutes after an oil transfer had taken place at the Sumas tank farm the evening of Jan. 23, and then failed to respond to leak warning alarms that sounded every hour until the operator’s shift ended.

The NEB report finds that the leak was detected later than it should have been, the control centre operator did not follow procedures and there were improper alarm settings in a recently-installed data acquisition system. The board states Trans Mountain Pipeline has identified corrective actions to address the report’s findings.

“The board finds that these actions are appropriate to prevent the occurrence of similar incidents in the future.”

The report, which was released earlier this month, states that the operator assumed the alarms were being caused by high winds and did not send a field technician to investigate.
Further, the operator failed to understand that the volume in the tank was dropping.

Read more: http://www.vancouversun.com/business/Trans+Mountain+Pipeline+operators+ignored+alarms+warning+Abbotsford+spill+report/7618958/story.html


Tsleil-Waututh First Nation Encourages Public to Take Part in Upcoming Kinder Morgan Open Houses


Check out this media advisory from the Tsleil-Waututh First Nation of North Vancouver, urging the public to get involved in pipeline builder Kinder Morgan’s upcoming open houses to discuss their proposed new pipeline to Vancouver and dramatic increase in oil tanker traffic. (Nov. 1, 2012)

Nation warns that sessions may be the only official forum for public to voice concerns

NORTH VANCOUVER, BC, Nov. 1, 2012 /CNW/ – Tsleil-Waututh Nation is calling on Lower Mainland residents and all British Columbians to attend and respectfully voice their concerns at the upcoming Kinder Morgan Trans Mountain Pipeline information sessions. These sessions may be the only formal opportunity for residents to let the company know what they think of its pipeline proposal.

As part of its Trans Mountain pipeline application process, Kinder Morgan will have to demonstrate public support through consultation and engagement with communities that may be impacted by their proposal.

“It is crucial that residents attend these open houses. Unless the public voices its concerns through this forum, their silence may be deemed as consent,” says Chief Justin George, Tsleil-Waututh Nation. “We call on all people to make their voices heard.”

Kinder Morgan is releasing dates for upcoming open houses, and has announced dates and locations for the following Lower Mainland communities:


According to Kinder Morgan’s Trans Mountain website, a Burnaby session should be held between November 19 and 25. Dates and details for other communities will likely also be announced through that site: http://talk.transmountain.com/key_date/index/1.

While these forums may be the only mechanism for the general public to officially voice their concerns, Tsleil-Waututh will not be attending. As a sovereign government, Tsleil-Waututh holds title and rights protected under the Canadian Constitution and will not participate bilaterally with Kinder Morgan in any process that may be legally styled at some point as “consultation” with respect to the pipeline project and its approval processes.

Governments have a legal obligation to consult with First Nations. Tsleil-Waututh expects informed, meaningful government-to-government consultation on the Trans Mountain pipeline proposal. The Nation is clear that the federal government cannot entirely delegate its legal obligation to consult and accommodate First Nations to third parties such as Kinder Morgan.

“Our constitutionally recognized rights and title empower our voice, and we will exercise these rights in favour of a healthy environment and sustainable economy,” continues Chief Justin George. “People from all backgrounds enjoy Vancouver’s great quality of life and we need to unite to protect this environment for all of our future generations. It will take all of us, each voicing our opposition through the channels available to us, to stop this pipeline. When we work together with one heart, one mind, and one spirit great things can happen.”

Tsleil-Waututh is adamantly opposed to Kinder Morgan’s proposed pipeline project. The Nation has experienced the results of crude oil handling and refining on Burrard Inlet for a number of decades. The risks associated with the pipeline expansion are just too great for its people to accept.

Read more: http://www.newswire.ca/en/story/1063071/tsleil-waututh-calls-on-lower-mainland-residents-to-participate-in-upcoming-kinder-morgan-pipeline-info-sessions


Kinder Morgan Debate: Risk vs. Reward Equation of Pipeline, Tanker Expansion Doesn’t Add Up


Read this story from CKNW on the recent debate held in Vancouver over Kinder Morgan’s proposal to build a new pipeline from the Alberta Tar Sands to Burrard Inlet, resulting in a drastic increase in oil tanker traffic. (Oct. 30, 2012)

Risk is part of the equation for Kinder Morgan’s Trans Mountain expansion project, but it can be managed.

That was the message from SMIT Marine Canada president Frans Tjallingii.

He argued in favour of the project at a debate Tuesday evening at UBC Robson Square.

“I think there’s always going to be a certain level of risk, but it’s about evaluating what that risk is and taking mitigating measures and then improving on those measures as we go along. Not waiting for accidents to happen, but also learning from things that are not yet an incident and improving on that basis.”

Those arguing against the pipeline said they didn’t doubt those in favour of the project would try to make it as safe as possible.

They just said they doubted protective measures would ultimately prevent an environmental catastrophe.

Documentary filmmaker Damien Gillis was on the panel opposing the pipeline expansion.

He says even from a financial perspective, the plan doesn’t make sense.

“I look at the risk versus reward. Still, I’m unpersuaded and I don’t think I will be at this point.”

Gillis says if there was an oil spill as a result of increased tanker traffic the cost could be up to $40-billion.

And as for the “Greenest City in the World” ambitions?

He says the project could lead to the city kissing that dream goodbye.

Read original story: http://www.cknw.com/news/vancouver/story.aspx/story.aspx?ID=1800236


Maude Barlow, Bill McKibben to Talk Oil and Gas Pipelines in Burnaby


Council of Canadians Chair Maude Barlow and 350.org founder Bill McKibben will lead a discussion about oil and gas pipelines and tankers in Burnaby this Thursday evening. The event is the second stop in a seven-city tour discussing a range of oil and gas pipeline proposals and associated tanker traffic, the Alberta Tar Sands, natural gas fracking in northeast BC and proposed Liquified Natural Gas terminals on BC’s coast.

Barlow raised these same, interconnected issues in her speech at the Defend Our Coast rally in Victoria earlier this week, arguing the public and First Nations need to think beyond the proposed Enbridge pipeline and focus on the bigger picture of emerging “Carbon Corridor” through northern BC and Alberta, which encompasses plans for multiple oil, gas and condensate pipelines, refineries and tankers.

Bill McKibben is the founder of the global climate change activist organization, 350.org and a leading voice against Trans Canada’s proposed Keystone XL pipeline from the Alberta Tar Sands to refineries on the US Gulf Coast.

According to organizers, the event aims, “to raise awareness and build community solidarity and support in the fights to stop pipeline expansions in BC…The tour will help educate about the devastating environmental impacts of these massive pipeline projects, which will move tar sands crude to BC’s coastline where it will be loaded into supertankers and shipped through precarious waters to new markets.”

The tour continues on to Nanaimo for the Council of Canadians’ AGM and speeches by McKibben, financial author Linda McQuaig and Grand Chief Stewart Phillip of the Union of BC Indian Chiefs.

The final two events will take place in Smithers on Oct. 29 and Prince George on Oct. 30. Caleb Behn, an aboriginal law student from northeast BC and the subject of the film in production Fractured Land, will join Barlow on the stage for the these two northern BC events to discuss fracking in his territories.

Thursday night’s event in Burnaby takes place Alpha Secondary School, 4600 Parker Street. Doors open at 6 PM, program starts at 6:30. More info on the tour available here.


Global Video: Thousands Rally in Victoria for ‘Defend Our Coast’


Check out this video from Global TV on yesterday’s “Defend Our Coast” rally at the Legislature in Victoria, which drew thousands to voice their opposition to oil pipelines and tankers in BC’s waters. (Oct. 22, 2012)

A giant black banner, measuring 235 metres, encircles the grounds of the B.C. Legislature in Victoria Monday afternoon. It symbolizes the size of a Aframax super tanker off B.C.’s coast, and took hundreds of people to carry it around the lawn.

An estimated crowd of 2500 is in Victoria on Monday at the ‘Defend Our Coast’ rally and sit-in against the proposed Enbridge and Kinder Morgan pipelines.

“Thank you regular people of British Columbia for standing with us because it is through your efforts that we are winning this fight,” says Chief Jackie Thomas with the Saik’uz First Nation.

People from all over the province and from all walks of life are lending their support to the cause.

An 11 year old Saltspring Island resident at the rally says, “A lot of animals will die and [it] will destroy all the nature,”

The crowd was revived by songs and chants such as “No Enbridge, No Kinder Morgan.”

“Looking at this diverse and beautiful crowd I’m just filled with inspiration,” says Clayton Thomas-Muller of the Mathias Colomb Cree Nation.

“We know they’re never going to build these pipelines and they’re never going to bring these tankers in.”


Packed Burnaby Hall Hears About Risks from Kinder Morgan’s Proposed Vancouver Oil Pipeline, Tanker Expansion


Read this story from CTV.ca on last night’s packed town hall meeting in Burnaby, where concerned citizens learned about Kinder Morgan’s proposal to build a new Tar Sands pipeline to Vancouver and dramatically increase supertanker traffic through Burrard Inlet and the South Coast. (Oct. 11, 2012)

Hundreds of Burnaby residents gathered at a town hall meeting to oppose the expansion of the Kinder Morgan pipeline Wednesday night.

A proposal to twin the Trans Mountain pipeline would mean up to 750,000 barrels of oil would flow from Alberta to a terminal on Burrard Inlet, directly under homes in Burnaby.

If approved, an additional 300 tankers a year would be required to ship the oil out of Port Metro Vancouver.

Burnaby Mayor Derek Corrigan said the risk to the community is too high.

“Across the board, Burnaby residents are extremely concerned,” Corrigan said. “We examined it very carefully. On any kind of cost benefit analysis, it fails miserably.”

Residents had the chance to speak out against the expansion.

“Having more tanker traffic here, having increased risk of oil spills, really for what amounts to just money going into the pockets of people who are already doing well thank you very much. It’s very hard for me to give a thumbs up to that under any circumstances,” concerned resident Mark Coulombe said.

Residents also recalled the pipeline’s troubled history. Five years ago work crews ruptured the pipeline, spewing 234,000 litres of oil all over properties on Inlet Drive.

MP Kennedy Stewart said Kinder Morgan needs to provide more information to homeowners and people who live on the proposed route.

The company said they’re still in the planning stages of the route and the National Energy Board hearings begin in 2013.


Foreign Companies Circle Alberta Tar Sands and BC’s Gas Assets


Read this story from the Globe and Mail on the rush by Asian and European state and publicly owned energy players to scoop up Canadian oil and gas assets in advance of anticipated tightening of regulations on foreign direct investment. (Sept. 21, 2012)

A number of foreign companies are flocking to Canada’s oil patch in search of acquisitions and investments as Ottawa weighs the $15.1-billion takeover of energy company Nexen Inc. by China’s CNOOC Ltd.

While it is not unusual for companies to circle the oil patch, interviews with a dozen industry sources and deal makers over a month have revealed a picture of an industry set for a massive influx of foreign capital while the window to foreign investment remains open.

Industry executives and advisers say offshore buyers are currently in discussions or touring the operations of a wide variety of Canadian oil sands, conventional petroleum, natural gas, oil service and refining operations.

Some of these potential acquirers include state-owned entities such as Korea National Oil Corp. (KNOC) and others from China, Malaysia and Kuwait, sources said. A handful of private-sector oil and gas giants are also on the hunt, including France-based Total SA. Joining these suitors is a new class of Asian buyers believed to include privately held Chinese companies and one of China’s largest cities, Tsingtao.

The takeover interest has been sparked by a combination of recent declines in oil and gas prices and a perception in some international circles that Canada favours foreign investment to help finance production, particularly in the oil sands, where the cost of development is expected to crest $100-billion over the next decade.

“If you think Nexen is something of a big deal, you ain’t seen anything yet,” said Wenran Jiang, a special adviser to Alberta’s Department of Energy on Asian energy markets. “The new trend is large-scale Chinese private capital that will come into the Canadian market.”

A wide variety of international acquirers are looking for investments in the oil patch. France’s Total has been searching for – and making – oil sands deals for a few years. According to people close to the Nexen negotiations, Total was a bidder for the Calgary company, but stepped out of the race after CNOOC tabled an offer with a rich premium of more than 60 per cent above the Calgary company’s stock price. Sources said Total is still seeking a Canadian acquisition. A spokesperson for the company did not return calls.

State-owned KNOC is also on the hunt for a multibillion-dollar acquisition to expand its holdings in the oil sands, according to sources. Its search comes three years after it acquired Harvest Energy Trust in 2009 for $4.1-billion. A Calgary-based official with KNOC said he was unaware of any acquisition plans.

Read more: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/foreign-suitors-circle-oil-patch-as-ottawa-weighs-nexen-deal/article4558270/