Nexen Inc formed a joint venture with China's top offshore oil company CNOOC Ltd in the Gulf of Mexico on Wednesday, a day after the Canadian oil company sold a 40 percent stake in some of its gas assets in British Columbia.CNOOC will have a 20 percent working interest in the Kakuna, Angel Fire, and Cypress deepwater exploration wells.The Chinese company may also get a 10-25 percent working interest in three other exploration wells.Other terms of the deal were not disclosed.
Nexen Inc. (Nexen) is an independent, Canada-based global energy company. Shares of NXY remained unchanged at $15.95. In the past year, the shares have traded as low as $14.75 and as high as $27.11. On average, 1576230 shares of NXY.TO exchange hands on a given day and today's volume is recorded at 2239630.
CNOOC Limited, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company. Shares of CEO remained unchanged at $181.29. In the past year, the shares have traded as low as $141.27 and as high as $271.94. On average, 282605 shares of CEO exchange hands on a given day and today's volume is recorded at 0.
Nexen Inc. (Nexen) is an independent, Canada-based global energy company. Shares of NXY remained unchanged at $15.46. In the past year, the shares have traded as low as $13.88 and as high as $27.94. On average, 3376800 shares of NXY exchange hands on a given day and today's volume is recorded at 0.
