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  • Chevron to Drill in South China Sea Despite Dry Holes Wednesday, 16 Jan 2013 | 3:37 PM ET
    In this photo released by China's Xinhua News Agency, CNOOC 981, the first deep-water drilling rig developed in China, is pictured at 320 kilometers (200 miles) southeast of Hong Kong in the South China Sea Monday, May 7, 2012. The China National Offshore Oil Corp's sixth-generation semi-submersible rig operates at a water depth of 1,500 meters (yards), Xinhua said. (AP Photo/Xinhua, Jin Liangkuai) NO SALES

    Chevron has signed production-sharing contracts with CNOOC for two exploration blocks in the South China Sea even after drilling three dry holes there last year.

  • Euro Rises After Italy's Monti Quiets Alarm Monday, 10 Dec 2012 | 5:22 PM ET

    The euro rose against the dollar Monday as comments made by Italy's prime minister allayed fears about the country's outlook.

  • Early Movers: IR, IN, AAPL & More Monday, 10 Dec 2012 | 8:02 AM ET

    Some of the names on the move ahead of the open.

  • Asia Crawls Higher on US, China Outlook Monday, 10 Dec 2012 | 5:00 AM ET

    Asian shares touched a 16-month high on Monday as investors took heart from rising factory output growth in China and a falling unemployment rate in the United States that raised hopes about the outlook for the world's top two economies.

  • Expect More Chinese Takeovers: Pro     Sunday, 9 Dec 2012 | 6:20 PM ET

    Damon Vickers, MD & CIO, Damon Vickers & Co. expects China's demand for resources will fuel its takeover appetite. He adds that China will soon take over swathes of industries in the West.

  • Assessing Canada's Pivot to China     Sunday, 9 Dec 2012 | 5:20 PM ET

    Glenn Maguire, Principal & Chief Economist, Asia Sentry Advisory says Canada's approval of CNOOC's bid for Nexen will set an important precedent. He adds that Canada will need Chinese investment to tap its immense reserves.

  • Thai Group Buys $9.4 Billion Ping An Stake From HSBC Tuesday, 4 Dec 2012 | 11:12 PM ET

    A group linked to Thailand's richest man, Dhanin Chearavanont, has bought global bank HSBC's entire stake in China's Ping An Insurance for $9.38 billion.

  • Will West Push Chinese Investors Elsewhere?     Wednesday, 14 Nov 2012 | 2:15 AM ET

    Jim Prentice, vice chairman at CIBC, talks to CNBC about CNOOC's planned $15-billion purchase of Canada's Nexen and whether it will be allowed to go through.

  • BG cuts production growth forecasts Wednesday, 31 Oct 2012 | 12:01 AM ET

    Shares in BG Group fell by a fifth after the FTSE 100 oil and gas group cut its production forecast for this year and next. The company attributed the slide in the production outlook to a series of deferrals or delays on projects in the North Sea, USA, Egypt and Brazil.

  • Nexen says it expects CNOOC approval this year Thursday, 25 Oct 2012 | 11:02 AM ET

    CALGARY, Alberta-- Canadian oil and gas producer Nexen says it continues to expect the $15.1 billion takeover of the company by Chinese state-owned CNOOC to be completed by the end of the year. It would be China's biggest overseas energy acquisition.

  • Canada Open to Foreign Investment?     Sunday, 21 Oct 2012 | 8:20 PM ET

    Neil Beveridge, Senior Oil Analyst, Sanford C. Bernstein discusses Canada's openness to foreign investment after the government rejects Petronas' bid for Progress Energy.

  • Canada blocks Petronas' bid for Progress Energy Saturday, 20 Oct 2012 | 12:48 AM ET

    TORONTO-- Canada has blocked the Malaysian state-owned oil firm Petronas' US $5.2 billion bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net benefit to Canada. "Canada has a long-standing reputation for welcoming foreign investment.

  • *Harper says wants growing relationship with China. DAKAR, Oct 12- Canadian Prime Minister Stephen Harper said on Friday that his country wants a growing relationship with China, but that its investments must be scrutinized from a national security perspective.

  • DAKAR, Oct 12- Canadian Prime Minister Stephen Harper said on Friday that his country wants a growing relationship with China, but that its investments must be scrutinized from a national security perspective.

  • PRESS DIGEST-Canada-Oct 12 Friday, 12 Oct 2012 | 5:53 AM ET

    The country's new government says its approach will be non-interference in Quebec's affairs, and gave no sign it will laud unity. The former French president Nicolas Sarkozy had broken with tradition by taking sides in the Canadian national unity debate, suggesting that Quebec sovereigntists are an insular movement that is sowing division.

  • HONG KONG, Oct 12- Hong Kong shares are set for a slightly higher open on Friday that will lift them into positive territory for the week as hopes of more steps from China to support its domestic stock markets lure investors back into the market.

  • *Canada has until Nov. 11 to decide fate of CNOOC bid. OTTAWA, Oct 11- Canada said it needs more time to complete its review of a $15.1 billion Chinese bid to take over oil and gas explorer Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to the Asian power's state-owned companies.

  • Canada minister: CNOOC bid being reviewed for security Thursday, 11 Oct 2012 | 1:51 PM ET

    CALGARY, Alberta, Oct 11- A Canadian government review of the $15.1 billion Chinese bid for Nexen Inc will take security concerns into consideration in addition to a broader economic analysis of the transaction, Public Safety Minister Vic Toews said on Thursday.

  • OTTAWA, Oct 11- Canada said it needs more time to complete its review of China's CNOOC Ltd $15.1 billion bid to take over Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to China's state-owned companies.

  • TORONTO, Oct 11- Canada extended its review of a Chinese state-owned company's $15.1 billion bid for Canadian energy producer Nexen Inc by 30 days on Thursday, giving the government more time to consider the merits of CNOOC Ltd's controversial proposal.