Nexen, Inc. Company News
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Alberta Regulators Charge Nexen Energy Over 2015 Pipeline Spill
Thursday, July 06, 2017Alberta regulators charge Nexen Energy, a wholly-owned subsidiary of CNOOC Ltd, for a pipeline spill in July 2015.
Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks
Thursday, March 30, 2017Cenovus Energy fell the most since its trading debut more than seven years ago after agreeing to buy Canadian oil assets from ConocoPhillips for C$17.7 billion ($13.3 billion) in a deal that increases its risks at a time of uncertain oil prices.
UKCS Oil, Gas Extraction Drops 10%
Thursday, December 08, 2016Oil and gas extraction in the UKCS decreased by 10% year-on-year, and by 10.8% month-on-month, in October, according to the latest numbers from the Office for National Statistics (ONS).
CNOOC Cutbacks at Long Lake Oil Sands Site Caps Years of Trouble
Thursday, July 14, 2016CNOOC's decision this week to idle part of its Long Lake oil sands operation in Alberta comes after five years of problems cemented the site's reputation as one of the most troubled projects in the region.
Sources: Nexen Issues Force Majeure for May Canadian Crude
Thursday, May 12, 2016CNOOC's Nexen is said to have issued a force majeure for 100 percent of its May production for Long Lake Heavy crude, two sources familiar with the matter said on Thursday.
Canada's Oil Output Spared Fire Damage Seen Able to Rebound
Monday, May 09, 2016Canada oil-sands producers including Suncor Energy could resume production within a week after the threat subsides from wildfires that cut as much as 40 percent of the region's output.
Shutdown at North Sea Buzzard Oilfield Likely to be Moved to November
Wednesday, September 23, 2015A planned shutdown of the UK North Sea's Buzzard oilfield is likely to be rescheduled to November from October, according to an industry source.
Xodus Group Secures North Sea Decommissioning Contract with Nexen
Wednesday, September 02, 2015Xodus Group secures a contract with Nexen Petroleum U.K. to provide Front End Engineering and Design (FEED) services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea.
Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Monday, August 31, 2015Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.
Oil & Gas UK Appoints 4 New Board Members
Tuesday, August 25, 2015Oil & Gas UK announces four new appointments to its board of directors.
Engineering Firm: Work At Site Of Nexen Spill Done On Tight Schedule
Wednesday, July 22, 2015Infrastructure at the site in northern Alberta of one of the biggest oil-related pipeline spills ever on North American soil was installed on a "tight schedule".
Suncor Oil Sands Project Aims to Replace Steam with Radio Waves
Tuesday, July 14, 2015Suncor Energy launches a pilot project to replace the high-pressure steam used to extract bitumen from oil sands with radio frequency technology developed by U.S. defence contractor Harris Corporation.
Alberta To Pick New Oil Marketers By End-May After Nexen Trading Shutdown
Tuesday, March 24, 2015The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman says.
China-Owned Nexen To Cut 400 Jobs In North America, UK
Tuesday, March 17, 2015Nexen says it will cut approximately 400 jobs in North America and the United Kingdom in response to plunging global oil prices.
Hess To Proceed With $6B US Oil Project Despite Price Dip
Wednesday, October 29, 2014Hess says it would proceed with the development of the $6B Stampede project in the US Gulf of Mexico, one of the biggest energy investments announced during the current oil price slump.
Nexen: UK's Buzzard Oil Field Back Online, Ramping Up Over Coming Days
Monday, September 29, 2014Britain's Buzzard oil field in the North Sea is back online and will continue to ramp up production over coming days, a spokeswoman for Nexen says.
Operator: Production Resumes At UK North Sea Buzzard Oilfield
Tuesday, September 09, 2014Production resumes at Britain's North Sea Buzzard oilfield, the field's operator says in a statement.
Norway's Statoil Hit By Dry Wells Off Angola, US Gulf
Thursday, September 04, 2014Statoil drills dry wells in two areas where it had high expectations: offshore Angola and the US Gulf of Mexico.
Nexen Eyes Restart of North Sea Buzzard Oilfield on Tuesday
Tuesday, September 02, 2014Nexen is looking to restart the North Sea's Buzzard oilfield later on Tuesday, according to trading sources.
UK Buzzard Oilfield to Resume Oil Exports Thursday
Wednesday, August 27, 2014The North Sea's Buzzard oilfield is due to resume exports Thursday after a shutdown earlier this week.
Nexen Says North Sea Buzzard Oilfield Shut Again After Restart
Tuesday, August 26, 2014Output from Britain's Buzzard oilfield has been stopped again after restarting over the long weekend, its operator Nexen says.
Nexen: Planned Works Reduce Flow at North Sea's Buzzard Oilfield
Thursday, April 24, 2014UK North Sea oilfield Buzzard sees output fall due to maintenance and construction work.
SPE Aberdeen Announces Bursaries for 20 Students
Monday, December 02, 2013Society of Petroleum Engineers Aberdeen Section to award bursaries amounting to $32,800 to up to 20 students during the 2013/2014 academic year.
More North Sea Work for Wood Group
Thursday, July 04, 2013Wood Group wins contract extension to supply Nexen's Scott and Buzzard platforms in the North Sea.
Shell Strikes Oil in Gulf of Mexico
Wednesday, July 03, 2013Shell declares GOM Vicksburg well a "success", adding 100 MMboe in resources to the 500 million barrels in potential recoverable resources it has at the nearby Appomattox discovery.
New Outage Hits Buzzard Oil Field
Friday, June 07, 2013The Buzzard oil field in the North Sea has been hit again by an outage only days after being shut due to equipment failure.
Buzzard Production Levels to Return to Normal by Midweek
Monday, June 03, 2013Production from the key U.K. Buzzard oil field should resume by midweek after it experiences an outage over the weekend.
Finalists Selected for UK O&G Safety Awards
Wednesday, March 27, 2013Several 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, 2013Nexen 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, 2013CNOOC 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.
Nexen-CNOOC Tie-Up Gets Green Light From US Government
Tuesday, February 12, 2013Nexen 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.
Deadline Extended for CNOOC Takeover of Nexen
Monday, January 28, 2013CNOOC-Nexen's $15.1 billion deal deadline is extended by 30 days, while regulatory approval from the United States is still pending.
CNOOC Expects Nexen Deal to Be Completed in 1Q 2013
Friday, December 28, 2012CNOOC 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, 2012Japex plans to increase output at its bitumen facility in Canada, as it looks to develop its customer base among refineries in the U.S.
CNOOC-Nexen Deal Could Spur Future China Energy M&A Elsewhere
Monday, December 10, 2012Chinese 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.
Forex Markets Await Cnooc-Nexen, Petronas-Progress News
Friday, December 07, 2012The 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, 2012Nexen 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, 2012CNOOC 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, 2012The 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, 2012Both Bardolph and Spaniards East drills fail to find commercial hydrocarbons.
Ottawa Further Extends Review Period of CNOOC-Nexen Deal
Monday, November 05, 2012The Canadian government decides to extend its review of CNOOC's planned takeover of Nexen to Dec 10, 2012.
UK Offers Record Number of Blocks in 27th Offshore Licensing Round
Thursday, October 25, 2012The 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, 2012CNOOC 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.
Ottawa's Decision on Petronas Feeds Concerns over Resource Nationalism
Tuesday, October 23, 2012Ottawa'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, 2012Atlantic 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, 2012Nexen 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, 2012The 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.
Canada Minister: Expect to Decide on CNOOC-Nexen Deal by Mid-Oct
Monday, October 08, 2012Ottawa may take a decision by the middle of this month on whether to approve a proposal by CNOOC to buy Nexen, a Canadian minister said.
Canada Opposition Party Says Govt Must Reject CNOOC/Nexen Deal
Thursday, October 04, 2012Canada's main political opposition party said the Conservative govt must reject CNOOC's planned takeover of Nexen because Canadian concerns about the deal can't be addressed through what it calls an "opaque" investment-review process.
Sources: Canada Faces Pressure to Exact Better Terms in CNOOC-Nexen Deal
Wednesday, October 03, 2012Canadian officials are under pressure to exact better terms from CNOOC in exchange for approval of its proposed $15.1B takeover of Canadian energy firm Nexen, according to people with knowledge of the deal and the govt review.