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Cnooc News

China energy giant CNOOC 2013 net profit down 11%

Hong Kong - Chinese state-owned energy giant CNOOC reported on Friday a net profit drop of more than 11 percent for 2013, amid sluggish global and domestic economic growth. Net profit for the 12 months ending December 31, 2013 was 56.46 billion yuan ($9.

B.C. rejects the Enbridge Northern Gateway pipeline project

Calgary - The B.C. Liberal government rejected the Enbridge Northern Gateway pipeline project shortly after they were elected to office. The project was fraught with conflict, and analysis of evidence for this pipeline approval was thorough and relentless.

Canada: Idle No More protests spark meeting with PM Harper Special

Calgary - On January 11, 2013, Prime Minister Stephen Harper will meet with First Nations leaders to discuss treaty, Aboriginal rights, and economic development. First Nation Leaders demanded this meeting that was inspired by the grassroots movement Idle No More.

Op-Ed: Nexen-CNOOC deal approved by Canadian government

Ottawa - The Canadian Conservative government of Stephen Harper approved the $15.1 billion takeover of Nexen by CNOOC a Chinese state-owned enterprise, but will not approve any further takeovers by state-owned enterprises.

Op-Ed: Canada-China corporate rights pact needs debate says Maude Barlow Special

Calgary - The NEXEN takeover by China National Offshore Oil Corp has been given a 30 day extension and may be extended again as opposition continues to grow from all factions with the exception of investors and the energy sector.

Romney invested in Chinese company tied to Iran

Beijing - China National Offshore Oil Corporation continues its quest to purchase oil companies with ties to the United States, announcing on Monday a bid to takeover Canadian oil company Nexan.

Op-Ed: Canada reviews $15.1 billion Nexen takeover by Chinese company

Ottawa - The Canadian Industry Minister Christian Paradis has confirmed the review has started of China National Offshore Oil Company's $15.1 billion takeover deal with Calgary-based Nexen Inc.

Op-Ed: SaskOil to CNOOC — Saskatchewan ownership to Chinese ownership

Saskatoon - SaskOil began as a provincially owned Saskatchewan corporation in 1973. Privatization began in 1986. Eventually SaskOil assets became Canadian Occidental Energy (CanOxy) and finally Nexen in 2000. Chinese state owned CNOOC bought Nexen in July 2012.

Chinese CNOOC launches 15.1 billion U.S. bid for Nexen

Calgary - Calgary-based oil producer Nexen approved a takeover bid of $15.1 billion U.S. by Chinese state-owned oil producer CNOOC Ltd. The price per share would be $27.50 a full two thirds higher than the average price over the last twenty days.
 

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