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Stock Market & Financial Investment News

News Breaks
December 9, 2012
16:01 EDTCEO, NXYCanada approves proposed acquisition of Nexen by CNOOC
Nexen (NXY) announced that under the terms of the Investment Canada Act, the Honourable Christian Paradis, Minister of Industry, has approved the proposed acquisition of Nexen by CNOOC Limited (CEO). No further approvals are required in Canada. "This is an important milestone in the process and confirms our belief that this transaction provides a number of significant benefits to Canada and to Nexen," said Kevin Reinhart, Nexen's interim President and CEO. "We remain focused on working with CNOOC to bring this transaction to a close." The closing of the acquisition remains subject to the receipt of applicable government and regulatory approvals, and the satisfaction or waiver of the other customary closing conditions.
News For NXY;CEO From The Last 14 Days
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August 31, 2015
06:33 EDTCEOCNOOC upgraded to Buy from Neutral at BofA/Merrill
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August 30, 2015
21:12 EDTCEOCanadian regulator issues suspension order to Nexen
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August 28, 2015
10:13 EDTCEOHigh option volume stocks
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August 27, 2015
10:00 EDTCEOOn The Fly: Analyst Upgrade Summary
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08:09 EDTCEOCNOOC upgraded to Outperform from Neutral at Credit Suisse
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August 25, 2015
09:36 EDTCEOCNOOC upgraded to Buy from Hold at Societe Generale
August 19, 2015
05:34 EDTCEOCNOOC signs PSCs with ROC
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation, has signed two production sharing contracts with Roc Oil Company for Blocks 16/07 and 03/33 in the South China Sea. The two blocks mentioned above are located in the Pearl River Mouth Basin in the South China Sea. Block 16/07 covers a total area of 2,743 square kilometers and has a water depth of approximately 100 meters. Block 03/33 covers a total area of 2,367 square kilometers and has a water depth of 65-145 meters. According to the terms of the PSCs, ROC shall act as the operator during the exploration period and conduct exploration activities in the two blocks mentioned above, in which all expenditures incurred will be borne by ROC. Once entering the development phase, CNOOC has the right to participate in up to 51% of the working interest in any commercial discoveries of the blocks. After signing the above-mentioned PSCs, CNOOC will assign all of its rights and obligations under such contracts, except for those relating to CNOOC's administrative functions to CNOOC China Limited, a subsidiary of CNOOC Limited.

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