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CNOOC's operating costs jump 7 per cent since Nexen takeover
State-run Chinese oil giant CNOOC Ltd. blamed its Nexen Energy ULC unit for pushing up operating costs Thursday, the latest evidence that China's binge on Canadian energy assets is having mixed results.
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Nexen Employees Dress for United Way Success
"Our employees are true super heroes and we're very proud of the teamwork and community spirit they've demonstrated in supporting this initiative," says Fang Zhi, CEO, Nexen Energy ULC. "Our goal was to show a unified spirit in kicking off Nexen's ...
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Nexen's North Sea Buzzard oil field may be shut for another week
Calgary-based Nexen Energy ULC, which operates the field, said Buzzard could be shut for �up to 10 consecutive days� starting from Saturday, Aug. 30, when output from the oil field was last stopped.
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China faces buyer's remorse in Canada's oil patch
CNOOC Ltd. has faced well-known struggles at its Long Lake, Alta., oil sands project that have kept it running well under capacity since Nexen Energy ULC started it up more than five years ago. CNOOC acquired Nexen in late 2012 in a controversial ...
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Pipeline allocation spat highlights concerns over oil export constraints
1, have led to flak from big oil players - including affiliates of Suncor Energy Inc. and Marathon Petroleum Co. LP, as well as Husky Energy Inc., CNOOC Ltd.
Gateway delay clouds industry's Asia export push
Cenovus is among a clutch of producers - including Suncor Energy Inc., Total SA, Nexen Energy ULC and Inpex Canada Ltd. - that helped front Gateway's development costs and signed non-binding agreements to ship crude on the line.
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Risk Elements
Javier Pardo, Calgary-based manager of risk management and insurance for Nexen Energy ULC, offers his view on how the global oil and gas company does strategic risk management (which PwC has been defined as an organization's response to the ...
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Apollo Sweetens Jupiter Terms as Gas Prices Wane: Canada Credit
Canadian Prime Minister Stephen Harper's vow in 2012 to block sales of oil-sands assets to state-owned firms after ceding Nexen Energy ULC to China's Cnooc Ltd. helped push deal activity to the lowest in a decade in 2013, Bloomberg data show.
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