Hints and tips:
...Cnooc began with good intentions, paying a 60 per cent premium to Nexen’s share price, only to suffer from the prolonged slump in global oil prices....
...The acquisition by China National Offshore Oil Corporation (CNOOC Group) of the Canadian oil company Nexen in 2012 for over 18$bn is still the largest Chinese deal in the last 5 years....
...The $19bn acquisition of Canada’s Nexen by Chinese state oil company CNOOC and $5bn buyout of US-based Smithfield Foods by Shuanghui were behind the increase....
...Cnooc has every reason to raise money now to refinance its recent acquisition of Nexen, the Canadian energy group....
...The transaction, worth $1.02bn in total, was announced by Sinopec International Petroleum Exploration and Production Corporation (SIPC), part of the wholly state-owned parent group....
...That seems especially apposite now, as China National Offshore Oil Corporation, the state-controlled group, awaits a final decision on its proposed $18bn takeover of Nexen, one of Canada’s biggest energy...
...China Investment Corporation, the country’s $410bn sovereign wealth fund, is rumoured to be in talks to buy a London office park for £800m....
...His ruling next month on Cnooc of China’s $15bn bid for Calgary-based Nexen has taken on added significance....
...Its plans were thrown into disarray by the UK’s March 2011 budget, which hit oil companies with a big rise in the supplementary charge on corporation tax....
...A $15bn bid by China National Offshore Oil Corporation for Nexen of Canada is under intense scrutiny. Mr Paradis has said he will rule on that by December 10....
...Among the large caps, Nexen saw its portfolio drop $1.7bn, equivalent to 8 per cent of the company’s global upstream value....
...But almost all those jobs have disappeared since it was acquired by Calgary-based Nexen....
...Its partners include, among others, ExxonMobil, Nippon Oil, Suncor and Nexen....
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