NXY
Source: ThinkstockChesapeake 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 is...
Published:
Last Updated:
Source: ThinkstockThe 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...
Published:
Last Updated:
Source: thinkstockLooking 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 growth in U.S. oil...
Published:
Last Updated:
Source: ThinkstockThe 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...
Published:
Last Updated:
Source: ThinkstockLooking 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 growth in U.S. oil...
Published:
Last Updated:
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 to (more coverage here)....
Published:
Last Updated:
Source: ThinkstockAfter 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...
Published:
Last Updated:
Source: ThinkstockFrance’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...
Published:
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...
Published:
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 country’s...
Published:
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 could be as low as $85 a barrel by 2016....
Published:
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 the timeline for approval of...
Published:
Source: Petroleo Brasileiro SAThe 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 in...
Published:
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...
Published:
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...
Published: