CNOOC's purchase of Nexen includes about 200 deep-water leases in the Gulf. The company surrendered operating control of them to quell US national security concerns.

Brazil’s government said it is seeking Chinese help to finish work on two oil refineries, a sign of strengthening ties between the emerging powers as well as financial troubles at state-run oil...

A generation of new bosses taking the helm at the world’s biggest mining companies is unanimous in preaching austerity: no major project approvals, no blockbuster deals, no risks.

Brazilian mining giant Vale posted its first net loss in 10 years in the fourth quarter after taking US$5.66 billion (HK$43.91 billion) in charges for underperforming mines and other mills, a loss...

The contentious US$15.1 billion takeover of Canadian oil and gas company Nexen by Chinese state-owned entity CNOOC closed on Monday, more than seven months after China’s largest-ever foreign...

Citic Resources Holdings, the energy and metals arm of state-owned conglomerate Citic Group, will continue to look for acquisition opportunities but will pursue them in a "cautious" manner, its...

China Petroleum & Chemical (Sinopec), Asia's largest oil refiner, will buy half of Chesapeake Energy's Mississippi Lime oil and gas properties for US$1.02 billion, becoming the latest Chinese...

PetroChina has agreed to invest in two natural gas exploration projects in Western Australia in partnership with the US oil major ConocoPhillips, with the two companies also joining hands to...

Chinese oil company CNOOC, its takeover of Canada's Nexen complete, is giving the leader of the Canadian unit freedom to get operations running smoothly after an exhaustive seven-month acquisition...

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