Nexen Buyout

CNOOC, Nexen Resubmit Takeover Proposal To U.S.

CP | The Canadian Press | Posted 01.27.2013 | Canada Alberta

CALGARY - Calgary's Nexen Inc. and the Chinese state-owned company seeking to buy it have withdrawn and resubmitted a notice about the proposed $15-bi...

On A Charm Offensive

CP | The Canadian Press | Posted 11.23.2012 | Canada Business

OTTAWA - China's ambassador in Canada is on a charm offensive, appealing to the public to look favourably on Chinese investment in the oil patch.Ambas...

Kuwait Energy Firm Moving In On Oilsands

CP | Lauren Krugel, The Canadian Press | Posted 10.31.2012 | Canada Alberta

CALGARY - Athabasca Oil Corp. confirmed Friday that it is in the early stages of forming a joint venture for two of its Alberta oilsands properties.Th...

CNOOC Sweetened Nexen Offer Twice Before It Was Accepted

CP | Lauren Krugel, The Canadian Press | Posted 10.24.2012 | Canada Alberta

CALGARY - It took China National Offshore Oil Co. a couple of tries before oil and gas giant Nexen Inc. warmed to its takeover offer, according to an ...

Canada Awaits Chinese Nexen Takeover Proposal

CP | Bill Graveland, The Canadian Press | Posted 10.22.2012 | Canada Politics

CALGARY - Canada's industry minister says there is no deadline for his decision to approve or reject a Chinese state-owned company's multibillion-doll...

Should the U.S. Stick Its Head in Our Oil Sands?

Christopher Sands | Posted 09.26.2012 | Canada Business
Christopher Sands

Senator Chuck Schumer wants the U.S. government's Committee on Foreign Investment in the United States to intervene to block the China National Offshore Oil Corporation (CNOOC) -- a state-owned firm -- from purchasing Nexen, a Canadian energy company active in the oil sands of Alberta. At first glance, it seems awfully presumptuous of the United States government to intervene at all.

U.S. Should Block Chinese Takeover Of Canadian Oil Giant: Senator

CBC | Posted 09.26.2012 | Canada Business

High-ranking Democratic Senator Charles Schumer says the U.S. government should stand in the way of CNOOC's $15.1-billion deal to buy Nexen unless Chi...

Harper Plays Coy On Chinese Takeover Of Nexen

CP | Posted 07.24.2012 | Canada Business

OSHAWA, Ont. -- Stephen Harper is warning Canadians not to jump to conclusions about whether the federal government supports a $15-billion Chinese bid...

Nexen Snap Up Could Be Just The Beginning: Experts

CP | Alexandra Posadzki, The Canadian Press | Posted 09.22.2012 | Canada Business

China's multi-billion-dollar shopping spree in the Canadian oil patch Monday is a sign of more to come as the commodity-hungry country looks to secure...

Will Ottawa Allow The Nexen Deal?

CP | Heather Scoffield, The Canadian Press | Posted 09.22.2012 | Canada Politics

OTTAWA - First China, then British Columbia.Two major developments on Monday are putting the centrepiece of Stephen Harper's much-vaunted economic str...

Canadian Gas Giant Sold For US$15.1 Billion... In Cash

CP | Alexandra Posadzki, The Canadian Press | Posted 09.27.2012 | Canada Business

CALGARY -- One of Canada's largest oil companies is being acquired by China National Offshore Oil Co. in a US$15-billion deal that, if successful, wil...