Dec 21 (Reuters) - CNOOC Ltd's Nexen unit said on Sunday it was shutting operations at an oilfield and processing facility in Yemen, where the Islamist militant al Qaeda group is operating, due to a security threat.
Dec 21 (Reuters) - CNOOC Ltd's Nexen unit is shutting operations at an oil field and processing facility in Yemen due to a security threat, a Nexen spokeswoman said on Sunday.
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
earnings, which showed 6.9% and 15.5% year-over-year increases in revenue and net oil and gas production, respectively. Nexen ’s Canadian and European assets contributed the majority of growth in the first quarter as CNOOC’s domestic production
operational improvement. Our fair value estimate is unchanged. The Nexen acquisition largely disported CNOOC’s 327% reserve replacement ratio in 2013. Nevertheless, if we remove the effect of Nexen , CNOOC’s pace of replacing reserves slowed to 119% in
the company would miss its average annual growth target of 6%-10% for 2011-2015. Excluding production contribution from Nexen (2012 acquisition), management expects production to fall between 338 million and 348 million BOE in 2014, a mere 4.3
Thursday. Production was up 18% year over year, including the impact of the Nexen acquisition. Without Nexen , however, production volumes were flat. Digging back into Nexen 's third-quarter filing from 2012, production was also flat for the
China, formed joint venture development partnerships with Encana, Devon, and Chesapeake in North America, and purchased Nexen . Considering this access to so many partners with unconventional experience and operating in an industry where we have yet
acquisition of the Canadian exploration and production firm Nexen , received heightened public and regulatory scrutiny. But this ..... and Development (OECD) countries. For example, CNOOC’s Nexen transaction increased the OECD share of its international reserves
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