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Alberta Regulators Charge Nexen Energy Over 2015 Pipeline Spill
Alberta regulators charge Nexen Energy, a wholly-owned subsidiary of CNOOC Ltd, for a pipeline spill in July 2015.
8:00 PM EST | July 05, 2017
Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks
Cenovus 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.
8:00 PM EST | March 29, 2017
UKCS Oil, Gas Extraction Drops 10%
Oil 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).
7:00 PM EST | December 07, 2016
CNOOC Cutbacks at Long Lake Oil Sands Site Caps Years of Trouble
CNOOC'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.
8:00 PM EST | July 13, 2016
Sources: Nexen Issues Force Majeure for May Canadian Crude
CNOOC'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.
8:00 PM EST | May 11, 2016
Canada's Oil Output Spared Fire Damage Seen Able to Rebound
Canada 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.
8:00 PM EST | May 08, 2016
Shutdown at North Sea Buzzard Oilfield Likely to be Moved to November
A planned shutdown of the UK North Sea's Buzzard oilfield is likely to be rescheduled to November from October, according to an industry source.
8:00 PM EST | September 22, 2015
Xodus Group Secures North Sea Decommissioning Contract with Nexen
Xodus 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.
8:00 PM EST | September 01, 2015
Canadian Oil Sands Halts Syncrude Production After Fire, Prices Spike
Canadian Oil Sands Ltd halts crude oil production after a fire damaged equipment at its processing facility in northern Alberta.
8:00 PM EST | August 30, 2015
Oil & Gas UK Appoints 4 New Board Members
Oil & Gas UK announces four new appointments to its board of directors.
8:00 PM EST | August 24, 2015
Engineering Firm: Work At Site Of Nexen Spill Done On Tight Schedule
Infrastructure 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".
8:00 PM EST | July 21, 2015
Suncor Oil Sands Project Aims to Replace Steam with Radio Waves
Suncor 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.
8:00 PM EST | July 13, 2015
Alberta To Pick New Oil Marketers By End-May After Nexen Trading Shutdown
The 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.
8:00 PM EST | March 23, 2015
China-Owned Nexen To Cut 400 Jobs In North America, UK
Nexen says it will cut approximately 400 jobs in North America and the United Kingdom in response to plunging global oil prices.
8:00 PM EST | March 16, 2015
Hess To Proceed With $6B US Oil Project Despite Price Dip
Hess 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.
8:00 PM EST | October 28, 2014
Nexen: UK's Buzzard Oil Field Back Online, Ramping Up Over Coming Days
Britain'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.
8:00 PM EST | September 28, 2014
Operator: Production Resumes At UK North Sea Buzzard Oilfield
Production resumes at Britain's North Sea Buzzard oilfield, the field's operator says in a statement.
8:00 PM EST | September 08, 2014
Norway's Statoil Hit By Dry Wells Off Angola, US Gulf
Statoil drills dry wells in two areas where it had high expectations: offshore Angola and the US Gulf of Mexico.
8:00 PM EST | September 03, 2014
Nexen Eyes Restart of North Sea Buzzard Oilfield on Tuesday
Nexen is looking to restart the North Sea's Buzzard oilfield later on Tuesday, according to trading sources.
8:00 PM EST | September 01, 2014
UK Buzzard Oilfield to Resume Oil Exports Thursday
The North Sea's Buzzard oilfield is due to resume exports Thursday after a shutdown earlier this week.
8:00 PM EST | August 26, 2014
Nexen Says North Sea Buzzard Oilfield Shut Again After Restart
Output from Britain's Buzzard oilfield has been stopped again after restarting over the long weekend, its operator Nexen says.
8:00 PM EST | August 25, 2014
Nexen: Planned Works Reduce Flow at North Sea's Buzzard Oilfield
UK North Sea oilfield Buzzard sees output fall due to maintenance and construction work.
8:00 PM EST | April 23, 2014
SPE Aberdeen Announces Bursaries for 20 Students
Society of Petroleum Engineers Aberdeen Section to award bursaries amounting to $32,800 to up to 20 students during the 2013/2014 academic year.
7:00 PM EST | December 01, 2013
More North Sea Work for Wood Group
Wood Group wins contract extension to supply Nexen's Scott and Buzzard platforms in the North Sea.
8:00 PM EST | July 03, 2013
Shell Strikes Oil in Gulf of Mexico
Shell 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.
8:00 PM EST | July 02, 2013
New Outage Hits Buzzard Oil Field
The Buzzard oil field in the North Sea has been hit again by an outage only days after being shut due to equipment failure.
8:00 PM EST | June 06, 2013
Buzzard Production Levels to Return to Normal by Midweek
Production from the key U.K. Buzzard oil field should resume by midweek after it experiences an outage over the weekend.
8:00 PM EST | June 02, 2013
Finalists Selected for UK O&G Safety Awards
Several oil and gas firms and suppliers are up for seven gongs at 2013's UK safety awards.
8:00 PM EST | March 26, 2013
UK Buzzard Field Back Over 200,000 Barrels Per Day
Nexen says the Buzzard oil field, in the UK North Sea, is now producing more than 200,000 barrels per day after maintenance work.
7:00 PM EST | March 05, 2013
CNOOC Completes Nexen Buy; News Follows Sinopec-Chesapeake Deal
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.
7:00 PM EST | February 25, 2013
Nexen-CNOOC Tie-Up Gets Green Light From US Government
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.
7:00 PM EST | February 11, 2013
Deadline Extended for CNOOC Takeover of Nexen
CNOOC-Nexen's $15.1 billion deal deadline is extended by 30 days, while regulatory approval from the United States is still pending.
7:00 PM EST | January 27, 2013
CNOOC Expects Nexen Deal to Be Completed in 1Q 2013
CNOOC expects its proposed $15.1 billion purchase of Canada's Nexen Inc. to be completed in the first quarter of 2013.
7:00 PM EST | December 27, 2012
Japex to Plough over $1B into Expanding Hangingstone Bitumen Facility
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.
7:00 PM EST | December 13, 2012
CNOOC-Nexen Deal Could Spur Future China Energy M&A Elsewhere
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.
7:00 PM EST | December 09, 2012
Forex Markets Await Cnooc-Nexen, Petronas-Progress News
The Canadian government is expected to rule soon on two big proposed foreign deals--decisions that could significantly move the Canadian dollar.
7:00 PM EST | December 06, 2012
Nexen, CNOOC Resubmit Application for U.S. Approval of Merger
Nexen and CNOOC have withdrawn and resubmitted their application for the United States to approve CNOOC's proposed takeover of Nexen.
7:00 PM EST | November 27, 2012
CNOOC Chairman: Confident Nexen Deal Will Be Completed by Year-End
CNOOC said it is confident its proposed $15.1 billion buyout of Canada's Nexen will be completed by the end of the year.
7:00 PM EST | November 20, 2012
CNOOC Chairman: Confident Nexen Deal Will Be Completed by Year-End
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.
7:00 PM EST | November 08, 2012
Two North Sea Well Disappointments for Cairn
Both Bardolph and Spaniards East drills fail to find commercial hydrocarbons.
7:00 PM EST | November 05, 2012
Ottawa Further Extends Review Period of CNOOC-Nexen Deal
The Canadian government decides to extend its review of CNOOC's planned takeover of Nexen to Dec 10, 2012.
7:00 PM EST | November 04, 2012
UK Offers Record Number of Blocks in 27th Offshore Licensing Round
The UK government has made initial offers of 167 production licenses after considering applications made in the 27th offshore oil and gas licensing round.
8:00 PM EST | October 24, 2012
CNOOC Expects to Complete Nexen Deal in 4Q
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.
8:00 PM EST | October 23, 2012
Ottawa's Decision on Petronas Feeds Concerns over Resource Nationalism
Ottawa's decision to block the takeover of Progress by Petronas illustrates the rising global trend of resource nationalism.
8:00 PM EST | October 22, 2012
Nexen Spins Bit at Polecat Appraisal
Atlantic Petroleum announces the spudding of the 20/4a-11 Polecat appraisal well on UK Licence P1100 in the Moray Firth.
8:00 PM EST | October 22, 2012
Nexen: Buzzard Maintenance Has Overrun
Nexen reports that maintenance on its Buzzard oil field in the North Sea has overrun.
8:00 PM EST | October 15, 2012
Canada Govt Extends Review of CNOOC/Nexen Deal by 30 Days
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.
8:00 PM EST | October 10, 2012
Canada Minister: Expect to Decide on CNOOC-Nexen Deal by Mid-Oct
Ottawa 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.
8:00 PM EST | October 07, 2012
Canada Opposition Party Says Govt Must Reject CNOOC/Nexen Deal
Canada'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.
8:00 PM EST | October 03, 2012
Sources: Canada Faces Pressure to Exact Better Terms in CNOOC-Nexen Deal
Canadian 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.
8:00 PM EST | October 02, 2012