Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd (0883.HK), is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday.
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With its consortium, Petrobras leads to extract the oil from the Libra pre-salt mine.
State-backed China National Offshore Oil Corp might have overpaid for the acquisition of Canada-based Nexen Inc, according to a Reuters special report.
CNOOC announced that they have signed a PSC with PetroBroad Copower
The U.S. securities regulator filed a complaint in court on Friday against a firm controlled by a Chinese billionaire and other traders.
State oil company CNOOC plans to buy Canadian rival Nexen Inc for $15.1 billion
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