In China's biggest overseas energy deal, oil giant CNOOC buying Canada's Nexen

In China's biggest overseas energy deal, oil giant CNOOC buying Canada's Nexen ...

Washington Post (blog) -

SHANGHAI — China moved Monday toward its biggest overseas energy acquisition as offshore oil and gas giant CNOOC Ltd. announced an agreement to buy Canadian producer Nexen Inc. for $15.1 billion. The deal faces scrutiny from the Canadian government, ...

Oil giant CNOOC to buy Canada's Nexen for $15.1B

Businessweek -

By Elaine Kurtenbach on July 23, 2012 SHANGHAI (AP) — China moved Monday toward its biggest overseas energy acquisition as offshore oil and gas giant CNOOC Ltd. announced an agreement to buy Canadian producer Nexen Inc. for $15.1 billion.

CNOOC-Nexen $15.1 billion deal at a glance

Toronto Star -

Price: Proposed $15.1 billion (US) all-cash deal of $27.50 (US) for Nexen's common shares. That represents a premium of 61 per cent of the closing price on the NYSE on Friday, and a 66 per cent premium to Nexen's 20 trading-day volume-weighted average ...

Nexen to be acquired by China's CNOOC for US$15.1 billion in cash

Winnipeg Free Press -

CALGARY - A major Canadian oil company is being acquired by China National Offshore Oil Co. in a US$15-billion deal that, if successful, will be China's largest ever overseas acquisition. With promises of making Calgary the base of its Western ...

ANALYSIS-UPDATE 1-Canada has more reasons to approve Nexen deal than block it

Reuters Africa -

By David Ljunggren OTTAWA, July 23 (Reuters) - A friendly, $15.1 billion Chinese bid for a big Canadian energy company gels with government pleas for foreign money to develop the costly oil sands of northern Alberta -- a possible sign that the deal ...

China oil deal has Canada squirming MarketWatch SAN FRANCISCO (MarketWatch) — Canada and China have been courting each other on energy issues for years. Their relationship just took an awkward turn, however, with Cnooc Ltd's $15.1 billion bid for Nexen Inc. It's awkward because it Canada prefers ... See all stories on this topic »

China Buying Spree Sends Nexen, Talisman Soaring Wall Street Journal (blog) CNOOC's blockbuster $15.1 billion deal to acquire Nexen Inc., and Sinopec's smaller $1.5 billion pact to buy a stake in Talisman Energy Inc.'s North Sea business, sent both Canadian stocks soaring Monday amid signs that China's appetite for resources ... See all stories on this topic » Wall Street Journal (blog)

Takeovers to give China big UK N. Sea oil output MarketWatch The deals are the latest in a string of acquisitions aimed at sating China's hunger for foreign energy assets, but unlike past takeovers that have provoked political opposition, U.K. government and industry have initially welcomed the companies' investments. See all stories on this topic »

Nexen, Talisman Soar On Deals, Energy Sector Rallies Wall Street Journal s (SNP) smaller $1.5 billion pact to buy a stake in Talisman Energy Inc.'s (TLM) North Sea business sent both Canadian stocks soaring Monday amid signs that China's appetite for resources remain unsatiated. The mergers-and-acquisitions activity also ... See all stories on this topic »

Oil giant CNOOC to buy Canada's Nexen for $15.1B The Associated Press SHANGHAI (AP) — China moved Monday toward its biggest overseas energy acquisition as offshore oil and gas giant CNOOC Ltd. announced an agreement to buy Canadian producer Nexen Inc. for $15.1 billion. The deal faces scrutiny from the Canadian ... Oil deals strengthen China's status as an oil power Toronto Star - ‎ VIA BLOOMBERG NEWS Talisman Energy Inc. is the operator of the second-largest number of UK North Sea oil fields. Bloomberg News. LONDON—China may soon get control of a large slice of UK North Sea oil supply, which is key to determining global oil ... Will Politicians Allow CNOOC to Realize Its Aims? Wall Street Journal (blog) - ‎ Oil majors heading overseas to buy competitors tend to bring out the worst aspects of nationalism—in the target nation, writes Heard on the Street's Liam Denning. Cnooc's $15.1 billion bid for Nexen of Canada would be the biggest-ever overseas ... Chinese offer to buy Nexen good for everyone: Analyst London Free Press - ‎ By Dave Dormer, QMI Agency In a deal worth $15.1 billion, state-owned Chinese oil conglomerate CNOOC has agreed to buy all outstanding shares of Calgary-based Nexen Inc. CNOOC will pay $27.50 (US) per share -- in cash -- well above its Friday closing ...