Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, December 8, 2012

Instant view: Canada clears CNOOC's $15 billion Nexen purchase

Chicago Tribune - ‎6 hours ago‎
(Reuters) - Canadian ministers cleared Chinese state-owned energy company CNOOC Ltd's $15 billion bid to buy Canadian oil and gas producer Nexen Inc, allowing the largest foreign takeover by a Chinese firm to proceed. The following is instant reaction ...

Canada approves Nexen takeover

Taipei Times - ‎7 hours ago‎
Canada approved China's biggest overseas energy acquisition, a US$15.1 billion takeover by state-owned CNOOC (中國海洋石油) of Canadian oil and gas producer Nexen, but vowed to reject any future foreign takeovers in the oil sands sector by ...

Inside Ottawa's decision on foreign takeovers Add to ...

Globe and Mail -
When Ottawa crafted its tough new rules on takeovers by foreign state-owned enterprises, it had one thing in mind: giving Canada more leverage in its relationship with China. Senior federal government officials told The Globe and Mail that Prime Minister ...http://articles.chicagotribune.com/2012-12-07/news/sns-rt-us-investment-instant-viewbre8b61av-20121207_1_nexen-instant-view-canadian-oil-and-gas

Cnooc: Canada Government Approves Takeover Bid for Nexen

Fox Business -
Cnooc Ltd. (CEO), China's largest offshore oil-and-gas producer by capacity, confirmed Saturday the Canadian government approved its US$15.1 billion takeover bid for oil-sands operator Nexen Inc (NXY). The approval cleared a major hurdle for the ...http://www.taipeitimes.com/News/biz/archives/2012/12/09/2003549678

New rules for foreign takeovers

Ottawa Citizen -
Prime Minister Stephen Harper announced tough new regulations Friday after the federal government's review of the $15.1-billion takeover of Nexen Inc. by China's CNOOC Ltd. and the $6-billion takeover of Progress by Malaysia's Petronas. Photograph by: ...http://www.ottawacitizen.com/business/rules+foreign+takeovers/7671683/story.html

Ottawa approves Nexen, Progress Energy takeovers

Calgary Herald -
Prime Minister Stephen Harper delivers a statement regarding the federal government review of the $15.1-billion takeover of Nexen Inc. by China's CNOOC Ltd. and the $6-billion takeover of Progress by Malaysia's Petronas, Friday December 7, 2012. http://www.calgaryherald.com/business/Ottawa+approves+Nexen+Progress+Energy+takeovers/7671763/story.html
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