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.» Read More
OTTAWA, Oct 1- Canada's House of Commons will vote on an opposition motion on Wednesday demanding that the government hold public consultations on the $15.1 billion bid by China's CNOOC Ltd to take over Canadian oil company Nexen Inc, the opposition New Democratic Party said on Monday.
*Alberta premier sees "a lot of benefit" for province. OTTAWA, Oct 1- The premier of the oil-rich province of Alberta said she sees benefits from the proposed $15.1 billion sale of Canadian oil producer Nexen Inc to a Chinese state-owned company, but a survey published on Monday showed half the country's executives would oppose a no-strings deal.
Oct 1- The premier of the oil-rich province of Alberta sees benefits in the proposed sale of Nexen Inc to a Chinese state-owned company, a local newspaper reported on Monday.
Thomas Hilboldt, Regional Head of Oil, Gas & Petrochemicals Research, Asia-Pacific, HSBC says CNOOC is poised to deliver a better performance in H2 & in 2013 if the Nexen acquisition is successful.
David Hewitt, Co-head of Global Oil & Gas Equity Research, Credit Suisse expects Chinese major oil companies to continue pursuing M&A opportunities. He adds that regulated oil pricing will remain a challenge for the oil majors.
Peter Morici, Professor at the University of Maryland and Former Chief Economist at the U.S. International Trade Commission says Ottawa will likely approve the takeover of Nexen by Chinese state-backed oil firm CNOOC.
CNBC's David Faber reports China's CNOOC is buying Canada's Nexen for $15 billion. The deal would be the fourth biggest M&A deal of 2012.
Thomas Hilboldt, Head of Oil, Gas & Petrochemicals Research, Asia-Pacific at HSBC said he wants to see a more meaningful change to China's energy pricing system.
The massive financing needs of China's two biggest trading partners — the U.S. and Europe — could leave Beijing spoiled for choice as it plans to spend $560 billion in foreign investments over the next five years.
With the hotly anticipated Facebook public listing in mind, the CNBC Analytics team looked into IPOs from 2000 to the present to see which ones have been the most and least successful.
David Hewitt, Co-Head of Global Oil & Gas Equity Research, Credit Suisse told CNBC that rising Brent oil prices in the next couple of years will impact Sinopec's bottom line. He has slashed the company's 2014 net profit forecast by 58%.
China's fuel price hike in March, the biggest increase in 33 months, is still not enough to help Chinese refiners break even, said Scott Darling, Head of Oil & Gas Sector Research, Barclays Capital. He thinks another hike of around 3% is needed before the sector can reach profitability.
Take a look at some of Tuesday’s morning movers:
Energy deals may stay hot in 2012 as foreign companies cut U.S. deals to bolster their reserves and build new drilling skills.
Some companies haven't had the luxury to make acquisitions since the financial crisis and instead have been using ventures and business line fire sales to stabilize bleeding operations.
In an interview with Cramer, the executive responds to recent claims made against the nat gas industry.
With so many catalysts suggesting oil continues to march higher, the Fast traders reveal a slew of ways to position ahead of the move.
To learn more about the future of oil and natural gas in America, check out Cramer's interview with EOG Resources CEO Mark Papa.
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
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