QUOTE AND NEWS
Reuters  Jul 22  Comment 
Infrastructure at the site in northern Alberta of one of the biggest oil-related pipeline spills ever on North American soil was installed on a "tight schedule", according to the firm that developed some of the pipeline's safety technology.
OilVoice  Jul 21  Comment 
Operations are ongoing at Nexen Energys Long Lake facility to contain and clean up the pipeline emulsion spill that occurred on July 15 2015. Daily progress updates are now available on the company
Reuters  Jul 21  Comment 
The builder of a ruptured Nexen Energy oil sands pipeline in Canada that caused one of North America's largest oil-related land spills said on Monday it had followed the design plans it was given for the infrastructure.
Reuters  Jul 17  Comment 
Nexen Energy apologized on Friday for an oil sands pipeline leak in the Canadian province of Alberta that is one of North America's largest-ever oil-related spills on land, and said its clean-up crews were working around the clock.
OilVoice  Jul 17  Comment 
Nexen Energy ULC is responding to an incident at its Long Lake oil sands facility south of Fort McMurray. In the afternoon of July 15 2015 an emulsion leak from a pipeline was discovered within Nex
Reuters  Apr 17  Comment 
Swiss trading firm Trafigura will buy Nexen Energy's third-party oil lease business in Western Canada, Trafigura said on Friday, but did not disclose the...
Reuters  Mar 24  Comment 
The Alberta government will decide before the end of May which companies will take over contracts to market the Canadian province's crude, a spokesman said on...
Yahoo  Mar 23  Comment 
CALGARY/NEW YORK (Reuters) - Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd , is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday. The Calgary-based company,...
CANOE.ca  Mar 18  Comment 
Nexen Energy announced Tuesday it's cutting 400 jobs, nearly two years after the Calgary-based company was acquired by China's CNOOC Ltd.




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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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