Oil – Bloomberg reported that Cnooc Ltd. has reported a lower profit for 2012 with a net income of $10.3 billion as the Chinese company focused on reviving output growth.
Articles Tagged "nexen"
Gas – Yahoo Finance reported that the $15.1 billion takeover of Nexen by Chinese firm CNOOC Ltd is complete.
Oil – The BBC reported that the United States has approved CNOOC's (NYSE:CEO,HKEX:0883) acquisition of Canada's Nexen (NYSE:NXY,TSX:NXY). The deal has already been okayed by Canadian authorities, so approval from the US means that the path for the sale is now clear.
Oil – Reuters reported that Alberta is currently accepting proposals from parties who may be qualified to replace Nexen Inc. (TSX:NXY) in its role as oil marketer.
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Gas – Mining Weekly reported that sticking points for China's NOCC as it continues negotiations for terms for its $15-billion bid for oil and gas producer Nexen centre around Canadian jobs and investment.
Oil – The Wall Street Journal reported that both Nexen Inc. (TSX:NXY,NYSE:NXY) and CNOOC Ltd. (NYSE:CEO) believe that CNOOC's $15.1 billion takeover offer for Nexen will go through by the fourth quarter of this year.
Oil – Bloomberg reported that following Canada's rejection of PETRONAS' bid for Progress Energy Resources Corp. (TSX:PRQ), shares of Calgary's Nexen Inc. (TSX:NXY) fell 4.4 percent, ending at C$24.04 in Toronto. Investors are concerned that CNOOC Ltd. (HKEX:0883), which wants to acquire Nexen, will also be turned down by Canada.
Oil – Interest in Canada's oil assets is steadily increasing, including from Indian private and public companies.
Oil – Nexen Inc. (TSX:NXY,NYSE:NXY) announced that its shareholders approved China National Offshore Oil Corp.'s (CNOOC) takeover of the company.