QUOTE AND NEWS
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. ...
The Globe and Mail  Dec 4  Comment 
Analyst says return on investment lags overall company, which pledged no layoffs to win approval of $15.1-billion takeover
OilVoice  Nov 13  Comment 
CNOOC Limited NYSE CEO SEHK 00883 TSX CNU announced that its whollyowned subsidiary Nexen Energy ULC Nexen has entered into an exclusive agreement with the Government of British Columbia C
The Globe and Mail  Nov 13  Comment 
Joint venture with two Japanese partners eyeing Grassy Point property for possible export terminal
The Globe and Mail  Oct 30  Comment 
He plans to fill his calendar with a slew of volunteer projects
Reuters  Oct 24  Comment 
* Increase largely due to contribution from Nexen, which CNOOC acquired in Feb     
OilVoice  Oct 21  Comment 
At the annual State of the Island Gala CNOOC Limited through its whollyowned subsidiary Nexen Energy ULC announced a 460000 corporate gift to support the sustainability and expansion of MacDonal




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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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