CNOOC Gives Nexen Oil Canadian Unit Freedom to Run Operations
Oil – Reuters reported that Chinese oil company, CNOOC Ltd, which took over Canada’s Nexen Inc, has given the Canadian unit’s CEO freedom to run operations.
Articles Tagged "nexen inc"
Weekly Round-Up: Japan Imitates Europe
The world’s third-biggest economy posted its third straight quarter of contraction this week, while the giant CNOOC-Nexen deal cleared its last hurdle.
With Nexen Being Reviewed, Canada Needs Oil Links to Asia
Oil – Canada should build oil and gas links to Asia as the government reviews Cnooc Ltd. (883)’s bid for Nexen Inc. (NXY), said Jim Prentice, vice chairman of Canadian Imperial Bank of Commerce and an ex-industry minister. As quoted in market news: Canada is right now aggressively engaged in diversifying its energy markets with an eye to Asia. Saying [...]
Is Canada About to Approve the CNOOC-Nexen Deal?
Canada and China recently signed a new trade pact that could have a significant impact on the blockbuster takeover.
Oil and Gas Sector Readies for M&A Activity Surge
Gas – High-premium bids for oil and gas producers are fast becoming the focus of potential investors.
Chinese State Oil Company Swallows Nexen for $15.1 Billion
Gas – Canadian oil and gas producer Nexen Inc. (TSX:NXY) has agreed to be acquired by China Offshore Oil Company (COOC) for $15.1 billion, The Toronto Star reports.
Nexen Provides Update on Gulf of Mexico Deepwater Drilling Rig
Heavy Oil – Nexen Inc. (TSE: NXY) announces that it has signed an amended an ultra-deepwater semi-submersible drilling rig agreement with Ensco (NYSE:ESV).
