Search results for: Nexen

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  • 26 February 2013

    China’s state-controlled oil company CNOOC Limited announced today that it has completed its acquisition of Canada’s oil company Nexen Inc. . Total consideration of approximately US$15.1 billion has been paid for Nexen’s common and preferred shares. Wang Yilin, Chairman of CNOOC Limited said, “The Company is delighted to acquire a leading international platform through the […]

  • 26 February 2013

    CNOOC Limited announced today that it has completed its acquisition of Nexen Inc. Total consideration of approximately US$15.1 billion has been paid for Nexen’s common and preferred shares. Mr. Wang Yilin, Chairman of CNOOC Limited said, “The Company is delighted to acquire a leading international platform through the acquisition of Nexen. We strongly believe that […]

  • 23 July 2012

    CNOOC Limited and Nexen announced today that they have entered into a definitive agreement under which CNOOC Limited will acquire all of the outstanding common shares of Nexen for US$27.50 per share in cash. The purchase price represents a premium of 61% to the closing price of Nexen’s common shares on the NYSE on July […]

  • 16 April 2015
    Project & Tenders

    UK’s Petrofac has completed a project for Nexen Petroleum UK Ltd.’s Golden Eagle Development Area in the UK North Sea, delivered through its Plant Asset Management consulting business. This involved the development and implementation of a maintenance program for the Golden Eagle installation, located 70km North East of Aberdeen. The launch of the maintenance-build work […]

  • 9 December 2012
    Business & Finance

    CNOOC Limited announced that it received notice from Canada’s Minister of Industry that its proposed acquisition of Nexen has been approved by the Minister under the Investment Canada Act. This approval is one of the conditions precedent to the completion of the proposed acquisition. Mr. Wang Yilin, Chairman of CNOOC Limited said, “We are very […]

  • 23 April 2014
    Business & Finance

    Nexen Energy, a wholly-owned subsidiary of CNOOC Limited, has announced that Kevin Reinhart is departing from his role as Chief Executive Officer. Fang Zhi, Executive Vice President, CNOOC Limited, is assuming the position of Nexen CEO. “On behalf of CNOOC Limited and the Nexen organization, I want to thank Kevin for his contributions to Nexen and wish him […]

  • 10 December 2012

    Nexen announced that under the terms of the Investment Canada Act, Christian Paradis, Minister of Industry, has approved the proposed acquisition of Nexen by CNOOC Limited. No further approvals are required in Canada. “This is an important milestone in the process and confirms our belief that this transaction provides a number of significant benefits to […]

  • 4 July 2013
    Business & Finance, Project & Tenders

    Wood Group PSN (WGPSN) has secured its sixth major North Sea contract extension this year. The latest award comes in the form of a three-year contract from Nexen Petroleum UK Limited to deliver operations, maintenance and technical support services to the Scott and Buzzard platforms. The contract also covers services to Nexen’s Golden Eagle area […]

  • 23 July 2012
    Business & Finance

    CNOOC Limited and Nexen Inc. announced that they have entered into a definitive agreement under which CNOOC Limited will acquire all of the outstanding common shares of Nexen for US$27.50 per share in cash. The purchase price represents a premium of 61% to the closing price of Nexen’s common shares on the NYSE on July […]

  • 25 August 2016
    Business & Finance

    Nexen Petroleum UK, a subsidiary of China’s CNOOC, has awarded Emerson a five-year contract to provide metering management services for Nexen’s UK operations. Emerson said on Wednesday that the work will be managed from Emerson’s new Solutions Center in Aberdeen. The scope of the contract entails providing onshore metering engineers as well as offshore metering […]

  • 9 December 2012
    Business & Finance

    CNOOC Limited announced yesterday, December 8, that the company has received notice from Canada’s Minister of Industry that its proposed acquisition of Nexen has been approved by the Minister under the Investment Canada Act. No further approvals are required in Canada. This approval is one of the conditions precedent to the completion of the proposed […]

  • 27 April 2011
    Business & Finance

      Nexen Inc. announced today that the company’s growth strategy achieved an important milestone when the Board of Directors approved plans to proceed with the Golden Eagle project in the North Sea. Golden Eagle will be a two-platform standalone facility with production capacity of approximately 70,000 boe/d (approximately 25,500 boe/d net to Nexen). Nexen is […]

  • 15 February 2013
    Business & Finance

    The Committee on Foreign Investment in the United States’ (CFIUS), on February 12, approved the China National Offshore Oil Corporation (CNOOC) takeover of Nexen Inc., which could potentially include Nexen’s royalty-free drilling operations in the Gulf of Mexico as part of the deal. In response to the potential transfer of royalty-free drilling of American resources […]

  • 24 April 2014

    Following a 20-year career with Nexen, highlighted by overseeing the acquisition of the company by CNOOC Limited, Kevin Reinhart is departing from his role as CEO of Nexen Energy ULC, a wholly-owned subsidiary of CNOOC Limited. Fang Zhi, Executive Vice President, CNOOC Limited, is assuming the position of Nexen CEO. “Fang will bring considerable operational […]

  • 18 January 2013

    Nexen Petroleum U.K. Ltd. announced today that it has received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Solitaire field development, a project that’s expected to produce eight million barrels of oil. The Solitaire field is located in central North Sea block 14/26a, 2.5 miles northeast of the […]

  • 1 February 2018
    Exploration & Production

    Maersk Drilling has confirmed it will use its Maersk Innovator jack-up rig for Nexen’s drilling campaign in the UK North Sea. 

  • 29 November 2011

    Japan’s Inpex Corp. and JGC Corp. will jointly acquire a 40 percent stake in several shale gas mines in Canada from Nexen Inc., the Nikkei business daily reported today. Inpex will take about 30 percent stake, with JGC owning the rest. Recently, Nexen Inc. said that it is interested in shale gas JV which could […]

  • 23 January 2012
    Business & Finance, Operations & Maintenance

    The leading manpower provider in Scotland has secured two multi-million pound deals to the value of £20million per year with the Candadian-based energy company, Nexen Petroleum UK Ltd. Recognised as a global leader in providing key staff to the energy sector, Orion Group, which is headquartered in Inverness, has secured a contract to be one […]

  • 18 March 2015

    Nexen Energy, a CNOOC unit, said it plans to make organizational changes that will reduce its North American workforce by approximately 340 employees.

  • 9 January 2013

    Dron & Dickson, specialists in design, supply and maintenance of hazardous area electrical equipment, has secured a multi-million pound contract with Nexen Petroleum UK Limited. The five-year project will see Dron & Dickson carry out electrical maintenance on Nexen’s Buzzard and Scott offshore platforms in the UK North Sea. Dron & Dickson will provide a […]

  • 1 November 2010
    Business & Finance

    Ensco plc announces that a subsidiary of the Company has reached an agreement with Nexen Petroleum U.S.A. Inc., a subsidiary of Nexen Inc. , regarding the drilling contract for ENSCO 8502, an ultra-deepwater semisubmersible drilling rig in the U.S. Gulf of Mexico. Under the agreement, a special rate applies from 13 August 2010 until the […]

  • 20 May 2011
    Business & Finance

    Nexen Inc. advises that it has finalized plans to upgrade the cooling system and return to full production at its Buzzard platform in the North Sea. The cooling medium is expected to be replaced by the end of May. During this period production will be limited to about 80,000 boe/d (gross). Nexen expects  increase production […]