All Posts Tagged With: "NXY"
(NXY) Nexen Inks Joint Venture with INPEX Corporation
Canadian oil and gas company Nexen Inc. (NXY) entered into a strategic agreement with Japanese energy giant INPEX CORPORATION for the development of shale gas fields in northeast British Columbia. Although,...
(CEO) CNOOC Closes OPTI Canada Deal
CNOOC Ltd. (CEO) has closed its previously announced purchase of Canadian oil sands operator OPTI Canada Inc. The $2.1 billion transaction was first declared in July.
Estimated holdings of OPTI include...
(EIA) Oil and Gas Stock Outlook – October 2011 – Industry Outlook
OUTLOOK
Crude Oil
Mounting worries about Europe’s debt crisis, a persistently weak U.S. jobs market and less-than-encouraging guidance from the Federal Reserve have been weighing on investor sentiment, weakening oil prices to around $85...
(NXY) Nexen to Sell Oil Assets in Western Canada to Northern Blizzard Resources
Nexen Inc. (NXY) intends to sell non-core heavy oil properties in Western Canada to Northern Blizzard Resources Inc. The consideration for this transaction is approximately $975 million, before some adjustments.
The...
(NXY) Nexen Updates as Long Lake Output Rises
Nexen Inc. (NXY), a major Canadian oil and gas company, has provided its Long Lake projects update. Following the turnaround, which was completed late last year, steam production ramped up at an all time high...
(NXY) Nexen Inc Provides 2010 Outlook
Nexen Inc. (NXY) plans to spend approximately C$2.5 billion (US$2.4 billion) on capital programs in 2010. Of this total, 72% will go towards its conventional development and exploration, 16% for the development...
(ESV) Another Newbuild for ENSCO International
ENSCO International Inc. (ESV) expects to take delivery of the third of seven ENSCO 8500 Series ultra-deepwater semisubmersible drilling rigs (ENSCO 8502) in early 2010. This follows the builder’s (Keppel...
(NXY) Nexen’s Earnings Report Falls Short of Estimates
Nexen Inc. (NXY) reported third-quarter recurring earnings of 21 cents (23 Canadian cents) per share, below the Zacks Consensus Estimate of 27 cents and lasts year’s earnings of $1.62 (C$1.68).
Production...
(ESV) ENSCO International Launches Deepwater Rig
ENSCO International Inc. (ESV) on Thursday announced the commencement of operations of its second ultra-deepwater semisubmersible rig ENSCO 8501. The rig began operations in the Gulf of Mexico (GoM) on Oct 8 under a three-and-a-half year contract with Nexen...
(NXY) Nexen Inc Completes Drilling Program
Alberta-based Nexen Inc. (NXY) recently completed three well drilling programs in the Dilly Creek area of the Horn River shale gas property. Following the success of its drilling program in the last two winters, the company now has five wells in this area....
(NXY) Nexen Starts Up New Production
Alberta-based Nexen Inc. (NXY) is well-positioned for a solid growth as it continues with major developments in the U.K. North Sea, announcing the discovery of substantial additional resource and the start-up of new production.
Following the successful...
(NXY) Nexen Oil Field Comes Online – debt-heavy balance sheet and substantial capital needs
Nexen Inc. (NXY) has commenced its first oil production from the Ettrick field in Blocks 20/2a and 20/3a in the U.K. North Sea. In July 2006, U.K. authorities approved the Ettrick field development. Subsequently, six wells were drilled in this field.
The...