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Stock Market & Financial Investment News

News Breaks
February 12, 2013
08:00 EDTCEO, NXYNexen announces all required regulatory approvals received
Nexen (NXY) announced today that Nexen has received approval from the Committee on Foreign Investment in the United States with respect to the proposed acquisition of Nexen by CNOOC Limited (CEO), and now has all of the requisite approvals to proceed to close. The transaction is expected to close the week of February 25, 2013 and remains subject to customary closing conditions.
News For NXY;CEO From The Last 14 Days
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December 15, 2014
05:44 EDTCEOCNOOC reports Liuhua 34-2 gas field commences production
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December 10, 2014
05:21 EDTCEOCNOOC signs PSCs with KUFPEC
CNOOC announced that its parent company, China National Offshore Oil Corporation, has signed three production sharing contracts, or PSCs, with KUFPEC for Blocks 52/22A52/26 and 63/13 in the South China Sea. The three blocks mentioned above are located in the Yinggehai Basin of the South China Sea. Block 52/22 covers a total area of 1,896 square kilometers, and has a water depth of 60-300 meters; Block 52/26 covers a total area of 1,783 square kilometers, and has a water depth of 80-160 meters; Block 63/13 covers a total area of 698 square kilometers, and has a water depth of 80-140 meters. According to the terms of the PSCs, CNOOC shall act as the operator of the three blocks mentioned above. Expenditures incurred during the exploration period will be borne by CNOOC and KUFPEC in a proportion of 20% and 80% of participating interest, respectively. Both parties will conduct 3D seismic data surveys and will drill exploration wells. Once entering the development phase, CNOOC has the right to participate in up to 70% of the working interest in any commercial discoveries in the blocks. After signing the abovementioned 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.
December 8, 2014
05:55 EDTCEOCNOOC announces first production from K1A
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