Nexen Inc
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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.
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By Randall Palmer, David Ljunggren and Louise Egan.
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OTTAWA, March 18- Canada's industry minister on Monday said he hoped BlackBerry would remain a national champion but added he did not know what would happen to the mobile device maker, given the "very aggressive" telecommunications sector.
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WINNIPEG, Manitoba, March 17- Two of the world's biggest uranium miners, Rio Tinto PLC and Areva SA, are pressing Canada to change a Cold War era policy that curbs foreign ownership of uranium mines.
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*CNOOC expects higher output from UK North Sea assets. CNOOC has taken a controlling stake in the North Sea field central to the price of benchmark Brent crude and which, every time it shuts, can raise costs for some of China's oil imports. "We fully expect to increase production from the UK North Sea assets," CNOOC said in a statement to Reuters. "
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BEIJING, March 8- China's Commerce minister called for clearer guidelines from the United States on its security review procedures for foreign investment, while saying that China does not target specific countries for overseas investment.
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Feb 28- ConocoPhillips, which has been looking to sell down its interest in Canada's oil sands said that moves by Ottawa to limit foreign investment in that country's resources have made it more difficult for some buyers, the chief executive said Thursday.
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CALGARY, Alberta, Feb 27- Chinese oil company CNOOC Ltd, its takeover of Canada's Nexen Inc now complete, is giving the leader of the Canadian unit freedom to get operations running smoothly after an exhaustive seven-month acquisition process, CNOOC's CEO said on Wednesday.
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*China's first move into European nuclear seen possible in UK. LONDON, Feb 27- China could be on the cusp of one of its most sensitive European investments as costly plans for new nuclear reactors in Britain open the door to Chinese state-run firms.
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HONG KONG, Feb 26- Hong Kong shares could start weaker on Tuesday, tracking a fall on Wall Street after a strong showing in the Italian elections by anti-reform groups raised fears of renewed debt problems in Europe. Elsewhere in Asia, Japan's Nikkei was down 1.8 percent, while South Korea's KOSPI was down 0.5 percent at 0038 GMT.
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TORONTO, Feb 25- The contentious $15.1 billion takeover of Canadian oil and gas company Nexen Inc by Chinese state-owned entity CNOOC Ltd closed on Monday, more than seven months after China's largest-ever foreign takeover was announced.
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TORONTO, Feb 25- The contentious $15.1 billion takeover of Canadian oil and gas company Nexen Inc by Chinese state-owned entity CNOOC Ltd closed on Monday, more than seven months after China's largest-ever foreign takeover was announced.
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CALGARY, Alberta, Feb 25- Nexen Inc, whose $15.1 billion takeover by China's CNOOC Ltd is set to close this week, reported a fourth-quarter net loss on Monday as expectations for extended weakness in the North American natural gas market led to a multimillion-dollar asset impairment charge.
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Feb 25- Chesapeake Energy Corp will sell a 50 percent interest in some of its oil and gas properties in the Mississippi Lime shale formation to China Petroleum& Chemical Corp for $1.02 billion cash, a valuation that fell short of some expectations.
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HONG KONG, Feb 14- Hong Kong shares may edge higher at the open on Thursday after a three day holiday, with investors remaining cautious ahead of a G20 meeting this weekend.
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CALGARY/ WASHINGTON, Feb 12- U.S. regulators have approved the $15.1 billion takeover of Canadian oil and gas company Nexen Inc by China's state-owned CNOOC Ltd, removing the final obstacle to the Asian country's largest-ever foreign takeover.
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TORONTO, Feb 12- U.S. regulators have approved the $15.1 billion takeover of Canadian oil and gas company Nexen Inc by China's state-owned CNOOC, removing the final barrier to China's largest foreign takeover. Calgary, Alberta- based Nexen said on Tuesday the Committee on Foreign Investment in the United States has approved the deal.
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Payment for shares made in cash- HSBC. HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, allowing completion of the biggest equity purchase in the country by a foreign investor.
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HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal.
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Chinese non-financial ODFI totaled $14.7 billion in December and $24.7 billion in the fourth quarter, Ministry of Commerce data released on Wednesday showed. Non-financial inbound FDI was $11.7 billion in December, down from $12.2 billion in December 2011.
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LONDON, Jan 15- British exploration firm IGas Energy has received interest from some of the oil industry's biggest names to look for shale gas in the UK, its chief executive said, amid growing demand to develop the country's unconventional resources. Exxon Mobil was linked with IGas in December over a possible partnership.
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