market, reducing costs remains essential to any positive earnings revisions going forward. With its ill-timed acquisition of Nexen , a high-cost Canadian oil sands producer purchased in 2013, we expect CNOOC to focus aggressively on cutting overhead expenses
CALGARY, Alberta, March 24 (Reuters) - The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman said on...
CALGARY/NEW YORK (Reuters) - Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd , is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday.
CALGARY/NEW YORK, March 23 (Reuters) - Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, is closing its crude oil trading division following a round of job cuts announced last week, four...
CALGARY, Alberta, March 17 (Reuters) - Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices.
March 17 (Reuters) - Canada industry ministry says reviewing job cuts announced by CNOOC Ltd Nexen unit to ensure compliance with commitments made at takeover Further company coverage: (Reporting...
States, our expectation of rig activity, and our projection of future gas consumption. While CNOOC's ill time purchase of Nexen will result in costly asset writedowns in the near term, its long-run prospects remain bright as it has a monopoly over China
Pharmaceuticals ANPI ANP $5.58 Fairfax Financial Holdings FFH FFH $180.00 Compton Petroleum CMZ CMT $9.69 Nexen NXY NXY $26.19 Talisman Energy TLM TLM $16.37 Enbridge ENB ENB $32.38
three structural trends that underpin CNOOC's future operating strategy. First, because of the pricey 2013 acquisition of Nexen (a higher-cost Canadian oil sands producer), the company's asset quality, debt servicing capacity, and liquidity have
progress at the overseas operations, where its Canadian unit Nexen is on track to deliver midteen production growth compared with ..... Because incremental oil and gas production will come from Nexen and other overseas operations, where production costs are higher