Nexen, Inc.
| We are Nexen, Inc. (formerly Canadian Occidental Petroleum). Our core business activities include exploration, development, production and marketing of crude oil and natural gas, and the manufacturing and marketing of sodium chlorate, chlorine and caustic soda. We operate from a strong base of assets in Yemen, Canada and the Gulf of Mexico. Our core operations also include a 7.23 per cent interest in the Syncrude Joint Venture in Canada. We aggressively target exploration activities and operations in the deep waters of the Gulf of Mexico, Yemen, Nigeria, Australia, Indonesia and Colombia. Our chemicals operations are located throughout North America and, most recently, Brazil. We conduct our business in an honest, ethical manner and adhere to the highest standards of integrity when dealing with our stakeholders and the communities where we operate. |
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Recent Articles
Finalists Selected for UK O&G Safety Awards
Wednesday, March 27, 2013 Several oil and gas firms and suppliers are up for seven gongs at 2013's UK safety awards.
UK Buzzard Field Back Over 200,000 Barrels Per Day
Wednesday, March 06, 2013 Nexen says the Buzzard oil field, in the UK North Sea, is now producing more than 200,000 barrels per day after maintenance work.
CNOOC Completes Nexen Buy; News Follows Sinopec-Chesapeake Deal
Tuesday, February 26, 2013 CNOOC completes its record-breaking purchase of Nexen came hot on the heels of another Chinese investment in the US, signaling that the appetite for North American shale projects in energy-hungry Asia remains strong.
Tuesday, February 12, 2013 Nexen said that the Committee on Foreign Investment in the US has approved CNOOC's $15.1B acquisition of Nexen, clearing the last significant hurdle in the deal.
Monday, January 28, 2013 CNOOC-Nexen's $15.1 billion deal deadline is extended by 30 days, while regulatory approval from the United States is still pending.
Friday, December 28, 2012 CNOOC expects its proposed $15.1 billion purchase of Canada's Nexen Inc. to be completed in the first quarter of 2013.
Japex to Plough over $1B into Expanding Hangingstone Bitumen Facility
Friday, December 14, 2012 Japex plans to increase output at its bitumen facility in Canada, as it looks to develop its customer base among refineries in the U.S.
Monday, December 10, 2012 Chinese energy companies may find it tougher to invest in Canada after CNOOC's takeover of Nexen compelled Canadian PM Stephen Harper to say future deals would only be approved under "exceptional" circumstances.
Friday, December 07, 2012 The Canadian government is expected to rule soon on two big proposed foreign deals--decisions that could significantly move the Canadian dollar.
Nexen, CNOOC Resubmit Application for U.S. Approval of Merger
Wednesday, November 28, 2012 Nexen and CNOOC have withdrawn and resubmitted their application for the United States to approve CNOOC's proposed takeover of Nexen.
CNOOC Chairman: Confident Nexen Deal Will Be Completed by Year-End
Wednesday, November 21, 2012 CNOOC said it is confident its proposed $15.1 billion buyout of Canada's Nexen will be completed by the end of the year.
CNOOC Chairman: Confident Nexen Deal Will Be Completed by Year-End
Friday, November 09, 2012 The chairman of China's CNOOC says that he was confident that the state-controlled oil giant's proposed $15.1B buyout of Canada's Nexen Inc. would be completed by the end of the year.
Two North Sea Well Disappointments for Cairn
Tuesday, November 06, 2012 Both Bardolph and Spaniards East drills fail to find commercial hydrocarbons.
Ottawa Further Extends Review Period of CNOOC-Nexen Deal
Monday, November 05, 2012 The Canadian government decides to extend its review of CNOOC's planned takeover of Nexen to Dec 10, 2012.
Thursday, October 25, 2012 The UK government has made initial offers of 167 production licenses after considering applications made in the 27th offshore oil and gas licensing round.
CNOOC Expects to Complete Nexen Deal in 4Q
Wednesday, October 24, 2012 CNOOC says it is working to secure the Canadian government's approval of its $15.1B bid to acquire Nexen and expects to complete the deal before the end of the year.
Tuesday, October 23, 2012 Ottawa's decision to block the takeover of Progress by Petronas illustrates the rising global trend of resource nationalism.
Nexen Spins Bit at Polecat Appraisal
Tuesday, October 23, 2012 Atlantic Petroleum announces the spudding of the 20/4a-11 Polecat appraisal well on UK Licence P1100 in the Moray Firth.
Nexen: Buzzard Maintenance Has Overrun
Tuesday, October 16, 2012 Nexen reports that maintenance on its Buzzard oil field in the North Sea has overrun.
Canada Govt Extends Review of CNOOC/Nexen Deal by 30 Days
Thursday, October 11, 2012 The Canadian govt said it would extend its review of CNOOC's planned takeover of Nexen by 30 days, and suggested the review period may be extended again.
