QUOTE AND NEWS
Reuters  Sep 2  Comment 
The operator of the North Sea Buzzard oilfield said on Tuesday production could be shut for another week as it works to demobilise a drilling rig during a window of good weather.
OilVoice  Jul 17  Comment 
HARKAND a leading global name in subsea inspection repair and maintenance and light construction has been awarded Nexen Petroleum UK Ltd39s 2014 ROVSV inspection services work along with a longe
OilVoice  Apr 24  Comment 
Following a 20year career with Nexen highlighted by overseeing the acquisition of the company by CNOOC Limited Kevin Reinhart is departing from his role as Chief Executive Officer CEO of Nexen En
Canada.com  Apr 23  Comment 
Barely a year after completing its takeover of Nexen Inc., China’s CNOOC Ltd. put its stamp on the Canadian oil and gas company by appointing Fang Zhi as CEO, replacing Kevin Reinhart, who is departing
Reuters  Apr 22  Comment 
* First quarter output up 15.5 percent, largely on Nexen contribution
Reuters  Apr 22  Comment 
China's top offshore oil and gas producer CNOOC Ltd on Tuesday posted a 15.5 percent increase in its first quarter production, thanks largely to its $15.1 billion acquisition of Canadian energy firm Nexen in February last year.
Mondo Visione  Feb 11  Comment 
The Securities and Exchange Commission today announced that two Hong Kong-based asset management firms whose accounts were frozen in a major insider trading case have agreed to pay nearly $11 million to settle the charges against them. The SEC...
The Globe and Mail  Jan 20  Comment 
Beijing-based CNOOC says it expects to produce between 422 and 435 million barrels of oil equivalent this year, including about 69 million barrels from Canada’s Nexen
OilVoice  Jan 6  Comment 
AMEC the international engineering and project management company has been appointed by Nexen Petroleum UK Limited a whollyowned subsidiary of CNOOC Limited to provide engineering procurement an
Benzinga  Jan 2  Comment 
EPL Oil & Gas, Inc. (NYSE: EPL) today announced it has executed a purchase and sale agreement to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) from Nexen Petroleum Offshore U.S.A.. for $70.4 million. ...




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Calgary, Alberta-based Nexen Inc. (NXY) is a major Canadian oil and gas company with exploration and production operations in Canada, the U.S. Gulf of Mexico, North Sea (U.K.), Yemen, Nigeria, and other areas. In addition to conventional oil and gas E&P operations, the company owns a 7.23% interest in the Syncrude joint venture in Northern Alberta, which develops and produces synthetic crude oil. Nexen monetized its chemical assets in 2005 through the creation and IPO of an income trust (Canexus Income Fund), in which the company still has a 61% stake. Nexen's chemical assets included the manufacturing and distribution of industrial chemicals, such as sodium chlorate and chlor-alkali products.

As of year-end 2006, Nexen had approximately 1,281 million oil-equivalent barrels (MMBOE) in proved plus probable (2P) oil and gas reserves (including bitumen), approximately 57% of which were in the proved category. Convention oil and gas reserves stood at 479 MMBOE at the end of the year, of which approximately 25% was located in Canada. The major areas where the rest of its conventional proved reserves are located include the U.K. North Sea (38% of the total), the U.S. (15%), and Yemen (14%). Nexen also had approximately 246 million barrels of bitumen reserves in its oil sands operations.

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