This time, the wave has an Asian flavour that is linked to plans to develop a new market for Canadian oil and gas in Asia. There is a major foreign investment wave under way in the oil and gas industry - the third in a dozen years - as Western Canadian producers look for capital to fund or accelerate projects in the oil sands and in shale gas, and foreign investors seek out secure supplies and technology. Article contentĮncana and PetroChina are not alone in watching Ottawa’s signals. This advertisement has not loaded yet, but your article continues below.