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News Tagged By: Nexen

Ottawa urged to revamp foreign investment rules

Ottawa should take another stab at rewriting its foreign investment rules because what it has done so far has created the mistaken impression that Canada doesn't welcome offshore money, a new study...
Barrie McKenna, The Globe and Mail
Posted on 4-18-2013 at 7:50 AM
Tags: Nexen, CNOOC, Progress Energy

CNOOC closes $15.1 billion acquisition of Canada's Nexen

The contentious $15.1 billion takeover of Canadian oil and gas company Nexen Inc by Chinese state-owned entity CNOOC Ltd closed on Monday, more than seven months after the Asian country's...
Euan Rocha, Reuters
Posted on 2-25-2013 at 6:22 PM
Tags: CNOOC, Nexen

CNOOC’s takeover of Nexen receives U.S. approval

Nexen Inc. has cleared all the hurdles in the $15.1-billion US deal to be acquired by CNOOC Ltd. after clinching U.S regulatory approval.
Bertrand Marotte, The Globe and Mail
Posted on 2-12-2013 at 8:06 AM
Tags: Nexen, CNOOC

Nexen, CNOOC extend closing date by 30 days

Nexen Inc. and China's CNOOC Ltd. said they have mutually agreed to extend the closing date of CNOOC's takeover of the Canadian oil and gas producer by 30 days to March 2, 2013.
Russ Blinch, Reuters
Posted on 1-28-2013 at 7:29 AM
Tags: Nexen, CNOOC

Encana's takeover equation

BLOG: Will the sudden departure of Encana chief executive Randy Eresman lead to takeover speculation for Canada's largest natural gas producer, asks BNN Western Correspondent Jameson Berkow.
Jameson Berkow, Western Correspondent
Posted on 1-13-2013 at 8:26 PM
Tags: Encana, Nexen, Progress Energy

Biz Quiz -- Test your business knowledge

Ever wonder which BNN personality has the most in-depth knowledge of business? Business Day anchor Marty Cej defends his two-year title as he faces off against new contestants -- Amber Kanwar and...
BNN staff
Posted on 12-28-2012 at 10:49 AM
Tags: Canadian Pacific Railway (CP), Bank of Canada, Petronas, Progress Energy, Nexen, CNOOC

Security fears dogged debate on China energy bid

In September, two months after China's state-owned CNOOC Ltd made an unexpected $15.1-billion bid for energy company Nexen Inc, Ottawa's spy agency told ministers that takeovers by Chinese companies...
David Ljunggren, Reuters
Posted on 12-24-2012 at 7:04 AM
Tags: Nexen

CNOOC to spend billions - if oil prices stay high

CNOOC Ltd. has committed to spend an additional $5 billion to $8 billion on oil and gas development in North America as part of its deal with Ottawa to acquire Calgary-based Nexen Inc., but the...
Shawn McCarthy, Mark MacKinnon and Pav Jordan, The Globe and Mail
Posted on 12-13-2012 at 7:02 AM
Tags: Nexen, CNOOC

India state oil firms press ahead with oil sands bid

India's state oil companies intend to press ahead with plans to buy stakes in the oil sands and believe they will not run afoul of tougher rules on foreign ownership of the sector.
Prashant Mehra and Nidhi Verma, Reuters
Posted on 12-11-2012 at 7:45 AM
Tags: Nexen, CNOOC, Progress Energy, Petronas

Britain says won't stand in way of Nexen-CNOOC deal

Britain will not stand in the way of a $15.1-billion takeover of Nexen by CNOOC, allowing the Chinese company to snap up the group's stake in a North Sea field that helps set the Brent global oil...
Karolin Schaps, Reuters
Posted on 12-11-2012 at 6:54 AM
Tags: Nexen, CNOOC
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