Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:33 PM

GasBuddy News Article

43
votes
Cnooc: Expect Nexen Deal to Be Completed in 1st Quarter of 2013

Fox Business --
A Cnooc spokeswoman said the deal is still awaiting overseas government approval so it couldn't be closed in the fourth quarter, as originally planned.

Earlier this month, Canada approved Cnooc's proposed acquisition of Nexen, clearing a major hurdle for the Beijing-based energy giant in completing what would be China Inc.'s biggest ever foreign acquisition. It is also the most ambitious bid by a foreign government-owned entity so far to enter North America's booming energy industry. The deal is now waiting approval by the U.S. government.

Cnooc and Nexen were already partners in developing Canada's oil sands. The Chinese company acquired Nexen's bankrupt partner, OPTI Canada Inc., which was involved in the Long Lake oil sands project, in 2011.


Read the Full Article

Submitted Dec 28, 2012 By: RNCII
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Cnooc: Expect Nexen Deal to Be Completed in 1st Quarter of 2013 Back to Topics
REPLIES (newest first) Post a Reply
Dennisjk
Champion Author Detroit

Posts:9,122
Points:2,675,410
Joined:Apr 2006
Message Posted: Jan 1, 2013 7:57:17 PM

Maybe we'll get some new stories tomorrow.
StopNrob
Champion Author Cincinnati

Posts:18,550
Points:3,538,000
Joined:Feb 2004
Message Posted: Dec 29, 2012 9:18:50 AM

GasBuddy News Article
StopNrob
Champion Author Cincinnati

Posts:18,550
Points:3,538,000
Joined:Feb 2004
Message Posted: Dec 29, 2012 9:18:36 AM

GasBuddy News Article
StopNrob
Champion Author Cincinnati

Posts:18,550
Points:3,538,000
Joined:Feb 2004
Message Posted: Dec 29, 2012 9:18:22 AM

GasBuddy News Article
jrs4125
Champion Author Indiana

Posts:4,993
Points:1,376,365
Joined:Sep 2011
Message Posted: Dec 29, 2012 3:28:23 AM

Everything is for sale in North America.
SkooterG
Champion Author Phoenix

Posts:4,013
Points:1,111,625
Joined:May 2012
Message Posted: Dec 29, 2012 1:06:41 AM

Will be interesting 20 years down the road what the ramifications will be.
SHEP20715
Champion Author Maryland

Posts:11,964
Points:2,524,540
Joined:Nov 2007
Message Posted: Dec 28, 2012 11:50:32 PM

This deserves to be considered very carefully
ExplorerWA
Champion Author Washington

Posts:6,057
Points:1,500,140
Joined:Feb 2011
Message Posted: Dec 28, 2012 11:42:40 PM

This doesn't sound good for the US.
KhelbenArunson
Champion Author Michigan

Posts:7,567
Points:1,498,085
Joined:Apr 2008
Message Posted: Dec 28, 2012 11:09:50 PM

ok
DrCashFlow
Champion Author Massachusetts

Posts:10,309
Points:2,416,980
Joined:Jun 2008
Message Posted: Dec 28, 2012 11:03:04 PM

Not ok, not okay at all
camaro_man
Champion Author Kitchener-Waterloo

Posts:5,619
Points:1,438,870
Joined:Jun 2010
Message Posted: Dec 28, 2012 11:02:26 PM

oh boy,,this sucks...
dlzastera
Champion Author Minnesota

Posts:7,738
Points:1,810,220
Joined:Mar 2006
Message Posted: Dec 28, 2012 11:00:43 PM

Wait and see.
Spankster85
Champion Author Chicago

Posts:3,355
Points:1,078,660
Joined:Nov 2011
Message Posted: Dec 28, 2012 10:59:40 PM

Can't wait to see how this turns out.
warlord1
Champion Author Georgia

Posts:7,843
Points:1,803,260
Joined:May 2010
Message Posted: Dec 28, 2012 10:56:52 PM

interesting to know
Mowerman08
Champion Author Milwaukee

Posts:7,726
Points:1,986,090
Joined:Aug 2008
Message Posted: Dec 28, 2012 10:55:48 PM

Another taxpayer give away.
barbs24
Champion Author Virginia Beach

Posts:6,180
Points:2,831,650
Joined:Feb 2006
Message Posted: Dec 28, 2012 10:54:22 PM

We'll see
PetroScopper
Champion Author Houston

Posts:9,957
Points:2,355,555
Joined:Aug 2008
Message Posted: Dec 28, 2012 10:48:05 PM

I think this deal should be carefully considered by the U.S., despite what Canada decides to do. Simply because their relationship with the Canadians will affect us negatively if it doesn't go well.
Paul1955
Champion Author Evansville

Posts:3,639
Points:1,178,225
Joined:Nov 2011
Message Posted: Dec 28, 2012 10:45:48 PM

Ok
GoGoGoodyear
Champion Author Los Angeles

Posts:5,384
Points:917,155
Joined:Mar 2010
Message Posted: Dec 28, 2012 10:39:49 PM


While the US flounders and pisses away it's resources China methodically ponders and plans it's next target. They are an odd mix, communist to the core but acting like capitalists when it's to their advantage. In this case they know that they will need to own some of this Canadian oil sand if they are to have enough oil to meet their planned future needs.
Bleeder
Champion Author Virginia

Posts:8,121
Points:2,297,865
Joined:Jan 2008
Message Posted: Dec 28, 2012 10:37:48 PM

This will be interesting to watch how this "relationship" grows.
clermont40miles
Champion Author Cincinnati

Posts:14,836
Points:2,578,140
Joined:Apr 2008
Message Posted: Dec 28, 2012 10:35:55 PM

Canada will be sorry they let the Chinese in the door.

Not good.
oppdetcon
Champion Author Ottawa

Posts:3,780
Points:1,267,685
Joined:Feb 2011
Message Posted: Dec 28, 2012 10:33:45 PM

Not Good...
Is246
Champion Author Albuquerque

Posts:1,118
Points:889,065
Joined:Apr 2011
Message Posted: Dec 28, 2012 10:33:08 PM

ok......
RUNNINONEMPTYFL
Champion Author Florida

Posts:1,463
Points:522,100
Joined:May 2011
Message Posted: Dec 28, 2012 10:31:28 PM

Here we go again...
mlmeng
Champion Author Michigan

Posts:5,015
Points:1,407,890
Joined:Mar 2011
Message Posted: Dec 28, 2012 10:28:38 PM

China is owning more and more of the world every day. Need to monitor this closely.
bra0712
Champion Author Arizona

Posts:5,760
Points:1,453,815
Joined:Nov 2008
Message Posted: Dec 28, 2012 10:21:55 PM

Ok because I was really holding my breath
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:779,635
Joined:Dec 2010
Message Posted: Dec 28, 2012 10:18:54 PM

Could be troubling in the long run
srchr
Champion Author San Jose

Posts:10,461
Points:2,383,465
Joined:Apr 2008
Message Posted: Dec 28, 2012 10:16:26 PM

money talks
Sarge10
Champion Author Detroit

Posts:1,196
Points:253,830
Joined:Feb 2010
Message Posted: Dec 28, 2012 10:14:17 PM

AND!
1Casey
Champion Author Albany

Posts:9,586
Points:2,455,760
Joined:Jun 2004
Message Posted: Dec 28, 2012 10:13:31 PM

?
mcmonsta
Champion Author Honolulu

Posts:6,319
Points:1,636,775
Joined:Sep 2009
Message Posted: Dec 28, 2012 10:12:33 PM

we'll be owing china a lot in in short while if they keeep their buying up...and guess where it's going?
kuma2000
Champion Author Honolulu

Posts:6,909
Points:1,480,425
Joined:Jun 2011
Message Posted: Dec 28, 2012 10:10:45 PM

That is so sad that this has to happen.
Marson
Champion Author Scranton

Posts:12,219
Points:2,871,985
Joined:Oct 2006
Message Posted: Dec 28, 2012 10:10:11 PM

This is disturbing.
5Golfer8
Champion Author Tucson

Posts:5,363
Points:1,083,740
Joined:Jun 2011
Message Posted: Dec 28, 2012 10:04:37 PM

Oh whats the difference there all communist countries now. With Obama freedom is dead.

[Edited by: 5Golfer8 at 12/28/2012 10:06:33 PM EST]
WestMichigan
Champion Author Grand Rapids

Posts:4,761
Points:1,219,250
Joined:Mar 2011
Message Posted: Dec 28, 2012 10:04:34 PM

ok
TDIdave
Champion Author California

Posts:5,998
Points:1,957,010
Joined:May 2006
Message Posted: Dec 28, 2012 10:02:22 PM

Okay.
A_NY_Outlaw
Champion Author Albany

Posts:1,565
Points:1,448,235
Joined:Mar 2011
Message Posted: Dec 28, 2012 10:00:27 PM

And why not. China has quickly become a jaugernaut to say the least. They are getting ever so closer to our shores, but then again, the US relies on China for just about everything anyway, not to mention the US Debt!

If anyone still thinks our country is in 'good shape' or 'on the right path', I'm afraid they are beyond dilusional.
Blue48
Champion Author Illinois

Posts:10,700
Points:2,449,435
Joined:Feb 2007
Message Posted: Dec 28, 2012 9:53:01 PM

WHATEVER!
73amx
Champion Author Allentown

Posts:4,562
Points:1,269,945
Joined:Sep 2011
Message Posted: Dec 28, 2012 9:49:46 PM

fgyiujh
gasmack
Champion Author Ventura

Posts:4,148
Points:1,409,145
Joined:Feb 2011
Message Posted: Dec 28, 2012 9:45:41 PM

U.S. should deny approval.
southrob
Champion Author Tucson

Posts:6,088
Points:1,414,720
Joined:Mar 2011
Message Posted: Dec 28, 2012 9:45:41 PM

and we need to drill
RobertSpratt
Champion Author Virginia Beach

Posts:8,109
Points:1,851,245
Joined:Jul 2007
Message Posted: Dec 28, 2012 9:40:27 PM

okay
my2002m
Champion Author Tulsa

Posts:9,314
Points:2,493,990
Joined:Jul 2008
Message Posted: Dec 28, 2012 9:40:21 PM

Another large chunk of oil being bought by China.
Pozole
Champion Author Portland

Posts:19,366
Points:2,406,570
Joined:Mar 2005
Message Posted: Dec 28, 2012 9:38:01 PM

...hey Chinada, say goodbye to your resources...
toadNY
Champion Author Albany

Posts:10,479
Points:2,325,350
Joined:Apr 2008
Message Posted: Dec 28, 2012 9:37:45 PM

I like your post dollar watcher.
saleboss
Champion Author Phoenix

Posts:4,106
Points:1,205,515
Joined:Feb 2006
Message Posted: Dec 28, 2012 9:36:28 PM

Doesn't sound like Canada knows what they are doing, inviting China in!
SpankyMI
Champion Author Kalamazoo

Posts:5,532
Points:1,517,265
Joined:Jan 2011
Message Posted: Dec 28, 2012 9:33:18 PM

The chinese are not your friends!
FrankTA2
Champion Author New York

Posts:7,288
Points:1,873,250
Joined:Jun 2007
Message Posted: Dec 28, 2012 9:29:33 PM

Irrelevant to the United States.
g747
Champion Author Mobile

Posts:7,695
Points:1,708,365
Joined:Jul 2009
Message Posted: Dec 28, 2012 9:26:24 PM

Ok.
abcdMA
Champion Author Worcester

Posts:11,252
Points:2,373,140
Joined:Nov 2008
Message Posted: Dec 28, 2012 9:23:52 PM

Ok, whatever
bababooey2
Champion Author Hartford

Posts:9,748
Points:2,114,570
Joined:Sep 2009
Message Posted: Dec 28, 2012 9:21:58 PM

Do not trust what so ever.
Post a reply Back to Topics