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November 19, 2012
15:16 EDTNXY, CEONexen shares fall after Canadian PM comments on foreign investments
Shares of Nexen (NXY) which has been the object of a takeover bid by China's CNOOC (CEO) are trading lower after Canada's Prime Minister Stephen Harper said, as reported by Reuters, that stat-owned enterprises are different from publicly traded companies when it comes to foreign investment in the country's energy sector. CNOOC is a state owned company in China. In late afternoon trading shares of Nexen are down almost 1% to $25.39.
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July 31, 2014
06:50 EDTCEOCNOOC announces start of Panyu project production
CNOOC announced that its Panyu 10-2/5/8 project has commenced production. This project includes 3 oilfields, Panyu 10-2, Panyu 10-5 and Panyu 10-8 and was designed to share some facilities of Panyu 4-2 oilfield. The main newly-built production facilities include 1 wellhead platform and 9 producing wells. Currently there are 4 wells producing approximately 9K barrels per day, and the project is expected to hit its peak production of approximately 13K barrels per day in 2015. Panyu 10-2/5/8 is an independent project in which the company holds 100% interest.
July 29, 2014
05:51 EDTCEOCNOOC reports Lishui 36-1gas field starts production
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