Nexen, Inc. (USA) (NYSE:NXY)

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Another Piece of Chesapeake Going to China

Chesapeake Energy Inc. (NYSE: CHK) parted with about $13 billion in assets last year in an effort to reduce the company’s massive debt burden. The sell-off for the new year ...
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Offshore drill rig

U.S. Greenlights Cnooc Acquisition of Nexen

The Committee on Foreign Investment in the U.S. (CFIUS) has given its approval to the $15.1 billion acquisition of Nexen Inc. (NYSE: NXY) by China’s Cnooc Ltd. (NYSE: CEO). The ...
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Oil price fall graphic

Oil and Gas Outlook 2013: Costs Could Put Upward Pressure on Prices

Looking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets was certainly a contender, as was the huge ...
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petro chemical plant

Oil and Gas Industry Leads in 2012 M&A Activity

The oil and gas industry increased its mergers and acquisitions deals in 2012 by 38% over 2011, according to Dealogic. M&A activity totaled $348 billion in 2012, the industry’s highest ...
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Offshore drill rig

Oil and Gas 2013 Outlook: Big Winners and Losers Ahead

Looking back on 2012, it is hard to discern the biggest story in the oil and gas sector. The reshuffling of assets is certainly a contender, as is the huge ...
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Bull and Bear figures

24/7 Wall St. Closing Bell — December 10, 2012: Markets Open Lower, Close with Small Gain (CME, BBY, SKS, NBL, APA, UEC, TEA, FGP, IN, HON, GRPN, GOOG, NXY, CEO, CSFS)

U.S. equity markets opened lower this morning, probably as a reaction to the news that Italy’s prime minister has said that he will resign after a new budget is agreed ...
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oil sands

Nexen, Progress Energy Sales Approved, Canada Draws a Line in the Sands

After markets closed on Friday, Canadian Prime Minister Stephen Harper announced that the government had approved both the $15.1 billion sale of Nexen Inc. (NYSE: NXY) to China’s Cnooc Ltd. ...
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Total, Sinopec in $2.5 Billion Nigerian Oil Field Deal

France’s Total S.A. (NYSE: TOT) announced this morning that it has sold its 20% stake in an offshore Nigerian oil block to subsidiary of China Petrochemical Corp. (NYSE: SNP), or ...
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Canada Wants Chinese Reciprocity in Exchange for Nexen

The Canadian government is nearing a ruling on the proposed $15.1 billion acquisition of Nexen Inc. (NYSE: NXY) by China’s Cnooc Ltd. (NYSE: CEO), and the government is apparently seeking ...
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Canada Blocks Energy Sale to Malaysia; Is Chinese Deal Next?

Saying that he is not convinced that a sale of Canada’s Progress Energy Resources to Malaysia’s state-owned oil company, Petronas, “is likely to be a net benefit to Canada,” the ...
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Goldman Sachs: Crude Price Needs to Rise to Support New Drilling

In a research note to customers, long-time oil bull Goldman Sachs now says that Brent crude prices will tumble to $105 a barrel by the end of next year and ...
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Canada to Study Cnooc Deal for Another 30 Days

Canada today said it would extend its review of the $15.1 billion bid by Cnooc Ltd. (NYSE: CEO) for Canada’s Nexen Inc. (NYSE: NXY). The delay was already baked into ...
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Petrobras Aims to Sell Gulf of Mexico Assets

The CEO of Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, says the company is "very near to closing a deal" for the sale of some $6 billion worth of assets ...
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Cnooc Gets First OK for Nexen Purchase (NXY, CEO)

The provincial court of Alberta has cleared the $15.1 billion acquisition of Canada’s Nexen Inc. (NYSE: NXY) by China’s Cnooc Ltd. (NYSE: CEO). Nexen shareholders also voted overwhelmingly in favor ...
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U.S. Sticks its Nose in Chinese-Canadian Energy Deal

The $15.1 billion offer from China’s state-controlled Cnooc Ltd. (NYSE: CEO) for Canadian-based Nexen Inc. (NYSE: NXY) is currently being reviewed by the Canadian government, with a decision expected by ...
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