Canadian energy firm Nexen said its projects around the world would be developed faster after it was bought over by the China National Offshore Oil Corporation (CNOOC).
chinese oil firm
Oil and gas operator Talisman Energy said yesterday the reliability of its North Sea assets had suffered due to years of under-investment.
Talisman Energy said yesterday it was looking forward to an exciting future in the North Sea after completing the £956million sale of nearly half its UK assets.
The Canadian Government has cleared the way for state oil firm China National Offshore Oil Corporation to gain access to the North Sea after approving its takeover of Nexen.
A £9.6billion deal giving a Chinese national offshore oil firm access to the North Sea was given the thumbs up by the shareholders of oil firm Nexen yesterday.
Canadian oil firm Talisman today announced the sudden departure of its president and chief executive, John Manzoni.
Chinese oil firm Sinopec is planning to seek an airworthiness certification from the government for an aviation fuel made from waste cooking oil.
Canadian oil firm Talisman has revealed its North Sea production fell nearly 30% in the past quarter.
A US senator has called for a Chinese oil firm's bid for North Sea oil and gas operator Nexen to be blocked until China agrees to let more American goods into its markets.
Chinese oil giant Sinopec has announced plans to buy nearly half of the UK North Sea business of Canadian oil firm Talisman.
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.