Canadian oil firm Nexen said today it had agreed to push back by 30 days the closing date of its £9.6billion acquisition by Chinese oil national CNOOC, until March 2.
canadian oil firm
Talisman Energy bosses have said it will axe jobs to reduce costs by one-fifth as it exits less-profitable operations.
A floating production vessel damaged in a North Sea storm last December, the Banff, may not be back in the field for another year.
Shareholders of Canadian oil firm Nexen will vote next week on a £9.6billion deal which would see the firm taken over by China's national offshore oil firm.
Shareholders of Nexen will vote next month on whether to approve the Canadian oil firm's £9.6billion takeover by China National Offshore Oil Corporation (CNOOC).
Canadian oil firm Talisman has revealed its North Sea production fell nearly 30% in the past quarter.
Chinese oil giant Sinopec has announced plans to buy nearly half of the UK North Sea business of Canadian oil firm Talisman.
THE former chief executive of Canadian oil firm Talisman Energy, Jim Buckee, has joined Cairn Energy, of Edinburgh, as a non-executive director.