
CNOOC makes £9.6billion bid for Nexen
State-controlled Chinese oil firm CNOOC today announced a £9.6billion bid for Canadian operator Nexen in a deal which would see it gain control of one of the UK North Sea's largest oil fields.

State-controlled Chinese oil firm CNOOC today announced a £9.6billion bid for Canadian operator Nexen in a deal which would see it gain control of one of the UK North Sea's largest oil fields.