New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2014
05:42 EDTCEOCNOOC makes mid-sized new discovery in Eastern South China Sea
CNOOC announced that the company made a mid-sized new discovery Lufeng14-4 in the Eastern South China Sea. The Lufeng14-4 structure is located in Lufeng Sag in the Pearl River Mouth Basin of the South China Sea with an average water depth of 145 meters. The discovery well Lufeng14-4-1 was drilled and completed at a depth of 4,098 meters and encountered oil pay zones with a total thickness of approximately 150 meters. The oil production of the well tested around 1,320 barrels per day. The successful exploration of Lufeng14-4 demonstrated the company's remarkable breakthrough in the exploration area of the Paleogene SystemCand further proved the huge exploration potential of the Paleogene System in the Pearl River Mouth Basin.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use