Posts Tagged ‘nexen’

Canadian government will consider public opinion in Cnooc-Nexen decision

by on October 25, 2012 4:05 am BST
Canada resources government will consider public opinion in Cnooc Nexen decisionBY PAUL VIERIAOTTAWA -- Canada's Conservative government will take public opinion into account when reviewing foreign takeovers, including China owned Cnooc bid for Canadian energy company Nexen, the country's resources minister said.This is a democracy, Joe Oliver said following the

Nexen spuds Polecat appraisal

by on October 24, 2012 1:11 pm BST
The 20/4a-11 well is being drilled by the Transocean GA III semi-submersible in water depths of 369 feet over the next 50 days.The well will target Upper Jurassic reservoirs at the UK Licence P100, blocks 20/4a and 20/9a discovery, which was first uncovered in 2005 and first appraised in 2010.Nexen holds

Government blocks Petronas’ Progress Energy bid

by on October 22, 2012 2:49 am BST
Canadian Industry Minister Christian Paradis said late Friday night that Petronas' bid for Progress -- one of the largest owners of exploration lands in the gas-rich Montney shale region in northeastern British Columbia -- would not provide the "net benefit" for the country required by Canada's foreign investment laws, Reuters reported

Canada extends Petronas-Progress review

by on October 5, 2012 9:05 pm BST
The unexpected delay comes as Ottawa also vets a $15.1 billion offer for Nexen by CNOOC Ltd, the Chinese state-controlled company, a deal that has been slammed both by Canada's main opposition party and from some within Conservative Prime Minister Stephen Harper's own government.Most analysts have said they