CNOOC to buy Canadian oil and gas firm

Oil   Natural Gas
By The Associated Press on July 23, 2012

China's CNOOC Ltd. has agreed to buy Canadian oil and gas producer Nexen for $15.1 billion in cash.

CNOOC, one of China's three major state-owned oil producers, said Monday the deal will expand its currently limited presence in Canada, Nigeria and the Gulf of Mexico.

Tags: 
Cnooc
China
Canada
Nexen
EnergyGuardian is a subscription energy news service. Sign up below to apply for a free 14-day trial. If approved, you will receive an email from us to activate your account and enable access to this Web site and delivery of our enhanced morning, afternoon and breaking news alert emails.

If you have questions, please email sales@packardmedia.com.

To start your free 14-day trial, fill in the form below.

News from Around the World

Oil

Wyden calls on DOJ to join oil price manipulation probe

Source: 
Reuters
Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., asked the Justice Department to join the European Union's probe of possible oil price manipulation, Reuters reports.
Link
Nuclear

Macfarlane: NRC can't approve San Onofre hearing yet

Source: 
Nuclear Regulatory Commission

Nuclear Regulatory Commission Chairman Allison Macfarlane said the NRC can't consider a public hearing on the San Onofre nuclear plant until June, when an appeal period of an Atomic Safety and Licensing Board ruling ends.

Link
Policy

Obama announces rule to streamline infrastructure approval

Source: 
CBS News
President Obama unveiled an executive order to streamline the approval process for new infrastructure projects, CBS News reports.
Link
Biofuels

Corker, Manchin introduce bill to reform RFS

Source: 
The Chattanoogan

Sens. Bob Corker, R-Tenn., and Joe Manchin, D-W.V., introduced a bill that would ensure that only domestically-made biofuels can be used to meet the Renewable Fuel Standard, The Chattanoogan reports.

Link
Mining

Judge won't reconsider ruling on Interior mining ban

Source: 
The Associated Press
A federal judge refused to reconsider a ruling that upheld the Interior Department's power to ban new hard rock mining projects on federal land, The Associated Press reports.
Link
Policy

Group sues EPA to enforce Utah air cleanup

WildEarth Guardians sued the Environmental Protection Agency to enforce clean air regulations in Utah, The Associated Press reports.
Link
Oil

House Keystone vote coming next week

Source: 
The Hill
The full House of Representatives is set to vote on a bill to approve the Keystone XL pipeline next week, The Hill reports.
Link
Renewable Energy

Tesla increases revenue plan to $1.08 billion

Source: 
Bloomberg
Tesla Motors increased the value of its stock and debt offerings 30 percent to $1.08 billion to gather reserves and pay back its Energy Department loans, Bloomberg reports.
Link
Policy

Poland calls for end to EU subsidies, cut in oil imports

Source: 
Bloomberg
Poland called on the European Union to end energy subsidies for fossil fuels and renewable sources and cut oil imports to better combat climate change, Bloomberg reports.
Link
Oil

Utica well data shows heavy natural gas supply, limited oil

Source: 
Reuters
The first well reports from the Utica shale in Ohio show a significant supply of natural gas but not as much oil as some energy companies were expecting, Reuters reports.
Link
  • © 2013 Packard Media Group LLC
  • All Rights Reserved