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.
Reuters  Mar 17  Comment 
Canada industry ministry says reviewing job cuts announced by CNOOC Ltd Nexen unit to ensure compliance with commitments made at takeover Further company coverage: (Reporting By...
Reuters  Dec 21  Comment 
CNOOC Ltd's Nexen unit said on Sunday it was shutting operations at an oilfield and processing facility in Yemen, where the Islamist militant al Qaeda group is operating, due to a security threat.
BBC News  Nov 3  Comment 
Oil production starts at the major Golden Eagle development in the UK North Sea, according to operators Nexen Petroleum UK.
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


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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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