A unit of Chevron Corp. and affiliates of Argentina’s state-controlled YPF SA have struck a long-sought agreement for the U.S. major to provide an initial $1.24 billion to further development of shale oil and gas resources from the Vaca Muerta formation in Argentina’s Neuquen province.
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New York Assembly Passes Two-Year Moratorium on Fracking
In a stunning setback for shale development in the Empire State, the New York State Assembly voted 95-40 on Wednesday to enact a two-year moratorium on high-volume hydraulic fracturing (HVHF). The bill, A5424, now moves to the state Senate.
March 7, 2013
U.S. OKs CNOOC-Nexen Deal
The U.S. Committee on Foreign Investment in the United States (CFIUS) has cleared the acquisition of Calgary-based Nexen Inc. by CNOOC Ltd., a unit of state-controlled China National Offshore Oil Co., giving the deal all the approvals it needs to close, Nexen said Tuesday.
February 13, 2013
U.S. Delay Postpones Nexen-CNOOC Closing for 30 Days
Nexen Inc. and CNOOC Ltd. have pushed back by 30 days the completion of the Canadian company’s C$15.1 billion takeover by the arm of state-controlled China National Offshore Oil Co.
January 29, 2013
Closing of Nexen-CNOOC Deal Delayed 30 Days
Nexen Inc. and CNOOC Ltd. have pushed back by 30 days the completion of the Canadian company’s C$15.1 billion takeover by the arm of state-controlled China National Offshore Oil Co.
January 29, 2013
Canada OKs Nexen-CNOOC Deal
The Canadian government late Friday approved the C$15.1 billion takeover of Canada’s Nexen Inc. by CNOOC Ltd., an arm of state-controlled China National Offshore Oil Co.
December 10, 2012
Another Poll Finds Opposition to CNOOC-Nexen Deal
Canadians are generally opposed to the takeover of Calgary-based Nexen Inc. by China’s CNOOC Ltd., an arm of state-controlled China National Offshore Oil Co., according to a new opinion poll that showed practically four-in-five respondents believe foreign governments should not be able to control resources on Canadian soil.
October 18, 2012
Nexen Votes to OK CNOOC Deal, But Not Over Yet
Shareholders of Nexen Inc. last week voted to accept a $15.1 billion takeover offer by CNOOC Ltd., an arm of state-controlled China National Offshore Oil Co.
September 24, 2012
Nexen Shareholders OK CNOOC Deal, But Canadians Oppose It
Shareholders of Nexen Inc. voted to accept a C$15.1 billion (U.S. dollar at par) takeover offer by CNOOC Ltd., an arm of state-controlled China National Offshore Oil Co.
September 21, 2012
Western Colorado Fire Woes Continue
As the Pine Ridge fire along the Western Slope in Colorado was put out Thursday and the more than 100 natural gas wells in the Piceance Basin brought back online, a new fire northwest of De Beque, CO, called the Third Water Spring fire, caused Encana Corp. to shut in some of its other gas wells in the area.
July 9, 2012
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