{"id":878,"date":"2012-07-25T01:14:50","date_gmt":"2012-07-25T01:14:50","guid":{"rendered":"http:\/\/www.global500.dev\/?p=878"},"modified":"2012-07-25T01:14:50","modified_gmt":"2012-07-25T01:14:50","slug":"selling-canadas-energy-resources-china-calling","status":"publish","type":"post","link":"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/","title":{"rendered":"Selling Canada&#8217;s Energy Resources &#8211; China Calling !"},"content":{"rendered":"<p>In one of the news announcements yesterday, came word that CNOOC of China is buying Nexen of Canada &#8211; an energy exploration company.\u00a0 CNOOC is a $38 billion company and Nexen reported revenues of $6.3 billion in 2011.<\/p>\n<p>This is a major step for a Chinese company, a major step in the energy industry and a major step for Canada.\u00a0 Consider a few facts compiled from our Global 5000 database.<\/p>\n<ul>\n<li>Canada&#8217;s energy assets are substantial. Looking at Global 5000 companies in Canada, right behind Financial Services, Oil &amp; Gas and Mining are the next 2 largest industries representing 27% of the largest companies in Canada. So, as the world thirst for natural resources and energy continues to climb &#8230; Canada will get more attention.<\/li>\n<li>Looking at growth rates over the past few years, China has grown faster than the rest of the market. So has the Oil &amp; Gas industry as well as the Mining industry. The total Global 5000 grew 11.4% in 2010 and 12% in 2011. China based Global 5000 companies grew 33.5% and 30% in 2011. Oil &amp; Gas firms reported growth of 22% and 24% for those same years while mining companies grew even more at 40% in 2010 and 30% this past year. So, this deal hits right at the heart of a number of growth segments.<\/li>\n<li>This is a second big deal by a Chinese company in the North American market &#8212; see our <a href=\"http:\/\/theglobal5000.com\/cames-nose-under-the-tent-fed-approves-the-acquisition-of-us-branches-by-chinese-bank\/\">article earlier this year<\/a> on the Chinese bank ICBC entering the US market via an acquisition.<\/li>\n<\/ul>\n<p>The bottom line here is that China&#8217;s economy is huge, its growth &#8212; even at lower rates &#8212; is still a huge differential and it has a continually increasing need for energy resources. Canadian companies have those resources so we can expect more deals and activity.<\/p>\n<p>For more information about The Global 5000 and companies like these that are included, visit the <a href=\"http:\/\/theglobal5000.com\/databases\/the-global-5000-companies\">database page.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In one of the news announcements yesterday, came word that CNOOC of China is buying Nexen of Canada &#8211; an energy exploration company.\u00a0 CNOOC is a $38 billion company and Nexen reported revenues of $6.3 billion in 2011. This is a major step for a Chinese company, a major step in the energy industry and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,67,44],"class_list":["post-878","post","type-post","status-publish","format-standard","hentry","category-news","tag-canada","tag-china","tag-energy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Selling Canada&#039;s Energy Resources - China Calling ! - Global 5000 Database<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Selling Canada&#039;s Energy Resources - China Calling ! - Global 5000 Database\" \/>\n<meta property=\"og:description\" content=\"In one of the news announcements yesterday, came word that CNOOC of China is buying Nexen of Canada &#8211; an energy exploration company.\u00a0 CNOOC is a $38 billion company and Nexen reported revenues of $6.3 billion in 2011. This is a major step for a Chinese company, a major step in the energy industry and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/\" \/>\n<meta property=\"og:site_name\" content=\"Global 5000 Database\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-25T01:14:50+00:00\" \/>\n<meta name=\"author\" content=\"Harry\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Harry\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/\"},\"author\":{\"name\":\"Harry\",\"@id\":\"https:\/\/theglobal5000.com\/#\/schema\/person\/dbe6c3973a9c25cebd55b385da6657ba\"},\"headline\":\"Selling Canada&#8217;s Energy Resources &#8211; China Calling !\",\"datePublished\":\"2012-07-25T01:14:50+00:00\",\"dateModified\":\"2012-07-25T01:14:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/\"},\"wordCount\":307,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/theglobal5000.com\/#organization\"},\"keywords\":[\"Canada\",\"China\",\"Energy\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/\",\"url\":\"http:\/\/theglobal5000.com\/selling-canadas-energy-resources-china-calling\/\",\"name\":\"Selling Canada's Energy Resources - China Calling ! 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