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China Buys Canadian Oil Company, Throws Down $15 Billion in Cash for Nexen

10 months agoVehicles / Watercraft : gCaptain

BEIJING- (Dow Jones)-China’s CNOOC Ltd. (0883.HK) said Monday it has reached an agreement to acquire Canadian oil and gas producer Nexen Inc. (NXY) for $15.1 billion in cash. In China’s biggest overseas [...]
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CNOOC buys Canadian oil sands producer

Business & Finance : Business Report (2 years ago)

CNOOC Ltd., one of China's three main state-owned oil and gas producers, said Wednesday it has agreed to buy Canadian oil sands producer OPTI Canada Inc. for $2.1 billion. ||| CNOOC Ltd., one of China's three main state-owned oil an... Read Post

Is CNOOC Buying Into The Gulf of Mexico?

Vehicles / Watercraft : gCaptain (10 months ago)

While Cnooc Ltd.’s (CEO, 0883.HK) $15.1-billion takeover offer for Nexen Inc. (NXY.T, NXY) would give the Chinese energy producer operational control of a significant Canadian oil-sands-field operator, the deal also [...] Read Post

China's CNOOC to buy Canada's Nexen

Business & Finance : Business Report (10 months ago)

State oil company CNOOC plans to buy Canadian rival Nexen Inc for $15.1 billion. ||| State oil company CNOOC plans to buy Canadian rival Nexen Inc for $15.1 billion, a deal which if successful would be China's biggest foreign corpor... Read Post


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