By Stephan Dube : On April 18, Federal Natural Resources Minister Joe Oliver said that Canada would accelerate its East and West oil pipeline plans if Keystone XL was to be rejected by the U.S. administration. Part of the environmentalists' crusade against TransCanada's ( TRP ) Keystone XL project
revenue jumped 13% Y/Y to 55.3B yuan ($8.9B), thanks to strong overseas production after its February completion of the Nexen acquisition. Total output rose 17% Y/Y, helped by an increase in production from countries including U.S. and Iraq
WASHINGTON, March 29 (Reuters) - A Chinese businessman and his wife agreed to settle insider trading charges for $3.3 million in a U.S. Securities and Exchange Commission probe into the $15.1 billion...
WASHINGTON, March 29 (Reuters) - U.S. securities regulators on Friday said a Chinese businessman and his wife accused of insider trading in a case involving China-based CNOOC Ltd's successful bid...
backing management's positive outlook on volume growth in 2014-15E supported by a solid reserve replacement ratio (excluding Nexen , 188% in 2012 vs. 158% in 2011), and a very strong project pipeline of 30-50 new projects in 2013-15. Jefferies also
2012 results in line with our expectations, and confirmed our take on 2013 as a no-growth year (excluding the impact of the Nexen acquisition). The company did disclose that more than 30 new projects will reach first oil by 2015, although there were no
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OTTAWA, March 22 (Reuters) - Chinese state-owned energy company CNOOC Ltd, which last month completed a $15.1 billion takeover of Canada's Nexen , has been hit by a Canadian oil glut that is depressing prices for Canadian crude, a senior executive said on Friday.
CEO ) says it is prioritizing a fix for Britain's accident-prone Buzzard oil field it obtained via its $15B purchase of Nexen . Buzzard is central to the price of Brent crude, and every time it shuts it can raise costs for some of China’s oil imports
Cnooc's ( CEO ) acquisition of Nexen ( NXY ) finally went through but some say the Canadian government's decision to change the investment rules may turn out to be an unwelcome