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  • CALGARY, Alberta, March 17- Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices. Nexen, which was bought by state-controlled CNOOC in 2013 for $15.1 billion, has begun to cut some 340 employees in North America, and started...

  • CALGARY, Alberta, March 17- Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd, said on Tuesday it will cut about 400 jobs in North America and the United Kingdom in response to plunging global oil prices. Nexen, which was bought by state-controlled CNOOC in 2013 for $15.1 billion, will cut approximately 340 employees in North America and 60 at its UK...

  • Oil erases losses for 2015 as majors take action Tuesday, 3 Feb 2015 | 7:31 AM ET
    Pump jacks in an oil field over the Monterey Shale formation near Lost Hills, Calif.

    The price of oil continued its rally, with producers announcing spending cuts that added to a slew of positive factors helping the commodity higher.

  • US alliances in Asia strained amid China's influence Saturday, 8 Nov 2014 | 9:57 PM ET
    President Barack Obama speaking at the White House, November 5, 2014.

    As Washington seeks to expand American interests in Asia, some U.S. partners have shown less willingness to challenge Beijing.

  • Asia stocks mixed after end of QE; earnings in focus Thursday, 30 Oct 2014 | 3:05 AM ET

    Asian equities ended mixed on Thursday as investors reacted to the end of quantitative easing in the U.S. and the region's latest earnings.

  • South China Sea: Lots of oil, lots of uncertainty Thursday, 9 Oct 2014 | 12:56 PM ET
    Coast guard vessels from China (rear) and Vietnam in a disputed part of the South China Sea near China's oil drilling rig, May 14, 2014.

    The area is expected to hold billions of barrels of oil and trillions of cubic feet of gas, but energy firms are tentative about the region.

  • China studies floating gas plants for South China Sea Wednesday, 16 Jul 2014 | 7:22 PM ET

    Chinese energy giant CNOOC is looking at building a multi-billion-dollar floating liquefied natural gas plant to produce gas from the South China Sea.

  • In the heart of Vietnam-China standoff at sea Monday, 14 Jul 2014 | 6:28 PM ET

    It's not often you get a chance to see one of the most dangerous flashpoints in Asia.

  • Tensions rise after China sinks Vietnamese boat Tuesday, 27 May 2014 | 1:45 AM ET

    Vietnam and China traded accusations over the sinking of a Vietnamese fishing boat not far from where China has placed an oil rig in disputed waters.

  • China, Vietnam playing dangerous game of chicken Thursday, 15 May 2014 | 10:54 AM ET
    Anti-China protesters march while shouting slogans in Ho Chi Minh City, May 11, 2014.

    China's expansion of its oil operations is only part of the reason behind its rising conflict with Vietnam.

  • Tensions rise as Vietnam says China rammed ships Wednesday, 7 May 2014 | 8:06 PM ET
    Vietnam Maritime Police's Deputy Commander Do Ngoc Thu speaks during a press conference on the latest maritime tension between Vietnam and China in Hanoi on May 7, 2014.

    Tensions rise as Vietnam said on Wednesday a Chinese vessel intentionally rammed two of its ships in a part of the disputed South China Sea.

  • Warren Buffett’s latest value bet on energy Sunday, 6 Apr 2014 | 9:00 AM ET
    A sign directing traffic to the Suncor Oil Sands, north of Fort McMurray, Alberta, Canada.

    The Oracle sees good value in Canadian oil-and-gas companies with long-life reserves. The sector is now trading at historic low multiples.

  • Foreign investors' US power play Thursday, 6 Mar 2014 | 7:30 AM ET
    A gas flare is seen at an oil well near Williston, North Dakota.

    China, India and other countries are spending billions of dollars to acquire U.S. oil and gas assets and gain access to proprietary energy technology.

  • Asian stocks ended mixed on Tuesday as weak U.S. economic data and caution ahead of this week's key risk events weighed on sentiment.

  • China oil sector picks Thursday, 22 Aug 2013 | 11:51 PM ET
    My China oil sector picks: Pro

    Thomas Hilboldt, head of oil, gas and petrochemical research, Asia-Pacific, at HSBC tells CNBC's "Cash Flow" his top picks for the China oil and gas space.

  • Landlines, Leapfrogs and China's Energy Curve Monday, 3 Jun 2013 | 1:03 PM ET
    Yanlian Oil Refinery

    Leapfrogging legacy technology is a critical theme in the rise of the developing world, and China hopes to embrace this thinking when it comes to energy production.

  • The Delay of China's 'Shale Gas Revolution' Sunday, 17 Mar 2013 | 7:40 PM ET
    China's 'Shale Gas Revolution': A Next Decade Event?

    Scott Darling, Head of Oil & Gas Sector Research at Barclays gives his top picks in China's oil & gas sector and warns that the nation's shale gas revolution might be running late by almost a decade.

  • Why US Gas Exports Will Shake Up Global Market Thursday, 7 Mar 2013 | 6:32 AM ET
    Men work on a natural gas valve at a hydraulic fracturing site in South Montrose, Pa.

    Despite objections, the U.S. is heading down the road to export natural gas, and that could ultimately help shake up world energy markets.

  • A worker positions a tool on a length of pipe while changing a tool on the drill on a Chief Oil and Gas, LLC natural gas rig in Mifflin Township, Pennsylvania.

    Suncor Energy has seen "a lot of interest" from potential merger partners, but is unlikely to consent to a deal with a large international company like ExxonMobil, Suncor's CEO said Tuesday.

  • US Oil and Gas Boom Takes Many by Surprise Monday, 4 Mar 2013 | 6:55 AM ET
    A worker positions a tool on a length of pipe while changing a tool on the drill on a Chief Oil and Gas, LLC natural gas rig in Mifflin Township, Pennsylvania.

    The U.S. oil production boom had been expected, but the magnitude of change in such a short period of time is a surprise.