Thursday Feb 27
Canadian Prime Minister Stephen Harper
National oil companies began focusing on lifting profits over making more acquisitions just as Canadian Prime Minister Stephen Harper vowed in 2012 to block further sales of oil-sands assets to state-owned firms after approving the Nexen deal.
2 Hong Kong firms paying $10.9M to settle SEC insider trading allegations on CNOOC-Nexen deal
Two Hong Kong investment firms have agreed to pay a total of $10.9 million to settle U.S. regulators' allegations of insider trading prior to the takeover of a Canadian oil and gas producer by China's state-owned oil company CNOOC.
Two Hong Kong firms to pay $11 mln to settle SEC insider trading charges
Two Hong Kong asset management firms have agreed to pay $10.9 million to settle charges by the U.S. Securities and Exchange Commission of insider trading ahead of a bid by China's CNOOC for Canadian oil company Nexen Inc. The proposed accord, disclosed in a court filing Monday, would add to the more than $18 million the U.S. securities regulator ... (more)
Cnooc 2014 Output to Climb 5.6% as Nexen Boosts Production
Cnooc Ltd. , China 's biggest offshore oil and gas producer, plans to increase output by as much as 5.6 percent this year, boosted by its acquisition of Canada's Nexen Inc. last year.
CNOOC Limited Announces its 2014 Business Strategy and Development Plan
The Company's net production target of 2014 is in the range of 422 to 435 million barrels of oil equivalent , including approximately 69 million BOE as a result of the acquisition of Nexen Inc. .