Nexen

Nexen deal sees US hobble CNOOC in Gulf fields

3 Mar 2013

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.

CNOOC gives Nexen chief free rein

1 Mar 2013

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...

CNOOC closes US$15.1b acquisition of Nexen

26 Feb 2013

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...

CNOOC will face serious challenges managing Nexen

20 Feb 2013

CNOOC's acquisition of Nexen is being watched closely, given that it is China's largest overseas investment acquisition to date. How the China National Offshore Oil Corporation integrates and...

CNOOC jumps last hurdle to buy Nexen

13 Feb 2013

CNOOC, China's biggest oil and natural gas producer, has won approval to acquire the US assets of Nexen, its last regulatory challenge in the US$15.1 billion purchase of the Canadian energy...

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CNOOC-Nexen deal opens Canadian investment door

After careful consideration, the Canadian government has finally approved the acquisition of Nexen by the China National Offshore Oil Corporation (CNOOC).

Goldman, BMO among banks to get fees for Nexen, Progress

Goldman Sachs, Bank of Montreal and other financial firms stand to claim as much as US$150 million in investment-banking fees after Canada approved the foreign takeovers of Nexen and Progress...

Cnooc may have to cede control of rigs near base for Nexen deal

China’s biggest offshore oil and gas producer may have to give up control of drilling platforms 50 miles from a major US military base to win government approval for its US$15.1 billion purchase...

TAKEOVERS

CNOOC resubmits bid for Nexen to US regulators

Chinese oil and gas giant CNOOC has withdrawn and resubmitted its C$15.1 billion (HK$117.8 billion) bid for Canada's Nexen to United States regulators for approval.

Chinese envoy to Canada denies company spying

Beijing’s envoy to Canada on Saturday denied that Chinese companies were involved in industrial espionage, and challenged anyone to prove the contrary.

Working with China is a far more productive strategy than exclusion

It is hard to tell which society, Asian or Western, is imprisoned by the more retrograde ideas. Equally so, pleasant surprise is the result of hearing that new and positive attitudes take root in...

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