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	<title>Stock Blog Hub &#187; NEXEN Inc</title>
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		<title>(NXY) Nexen Inks Joint Venture with INPEX Corporation</title>
		<link>http://www.stockbloghub.com/2011/12/01/nxy-nexen-inks-joint-venture-with-inpex-corporation/87835</link>
		<comments>http://www.stockbloghub.com/2011/12/01/nxy-nexen-inks-joint-venture-with-inpex-corporation/87835#comments</comments>
		<pubDate>Thu, 01 Dec 2011 15:12:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[ECA]]></category>
		<category><![CDATA[Encana Corporation]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>
		<category><![CDATA[SU]]></category>
		<category><![CDATA[Suncor Energy Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87835</guid>
		<description><![CDATA[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, as a part of the deal, Nexen will sell 40% working interest in the assets, it will still act as the operator. The divested stake of the joint venture will be controlled by INPEX Gas British Columbia Ltd. that is jointly established by INPEX (82%) and JGC Corporation (18%). The disposition will fetch Nexen approximately C$700 million or $680 million, of which 50% will be an upfront payment and the remaining will be in capital carry. The project will witness appraisal and development of acreage spread across Horn River and Cordova – that is jointly estimated to contain 4–5 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/01/nxy-nexen-inks-joint-venture-with-inpex-corporation/87835/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(CEO) CNOOC Closes OPTI Canada Deal</title>
		<link>http://www.stockbloghub.com/2011/11/30/ceo-cnooc-closes-opti-canada-deal/87715</link>
		<comments>http://www.stockbloghub.com/2011/11/30/ceo-cnooc-closes-opti-canada-deal/87715#comments</comments>
		<pubDate>Wed, 30 Nov 2011 19:49:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[CNOOC Limited]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87715</guid>
		<description><![CDATA[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 about 195 million barrels of proved reserves, 534 million barrels of probable reserves, 1.1 billion barrels of contingent resources and 335 million barrels of prospective resources on its oil sands leases. The transaction gave CNOOC a 35% working interest in the Long Lake oil-sands project in Alberta, which is Opti’s primary asset. Calgary-based energy firm Nexen Inc. (NXY) enjoys ownership interest in the project with the remaining 65% stake. CNOOC has also gained interests in three other project areas in the Athabasca region of north-east Alberta. The Long Lake project has failed to meet its production goals owing to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/11/30/ceo-cnooc-closes-opti-canada-deal/87715/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EIA) Oil and Gas Stock Outlook &#8211; October 2011 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2011/10/20/eia-oil-and-gas-stock-outlook-october-2011-industry-outlook/85494</link>
		<comments>http://www.stockbloghub.com/2011/10/20/eia-oil-and-gas-stock-outlook-october-2011-industry-outlook/85494#comments</comments>
		<pubDate>Thu, 20 Oct 2011 14:44:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[HP]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85494</guid>
		<description><![CDATA[OUTLOOK Crude Oil Mounting worries about Europe&#8217;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 a barrel. Apprehensions about high U.S. crude stocks, the release of emergency oil supplies from government-held strategic reserves into the world market, and uncertainty over oil supply disruptions in the Middle East have added to the negative sentiment. These issues have stoked fears about the demand outlook for oil that has seen the commodity’s price plummet to 12-month lows earlier in the month. Incidentally, crude prices zoomed past the $110 per barrel level during the first half of the year. As per the latest release by the Energy Information Administration (EIA), which provides official energy statistics ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>(NXY) Nexen to Sell Oil Assets in Western Canada to Northern Blizzard Resources</title>
		<link>http://www.stockbloghub.com/2010/05/23/nxy-nexen-to-sell-oil-assets-in-western-canada-to-northern-blizzard-resources/38006</link>
		<comments>http://www.stockbloghub.com/2010/05/23/nxy-nexen-to-sell-oil-assets-in-western-canada-to-northern-blizzard-resources/38006#comments</comments>
		<pubDate>Mon, 24 May 2010 04:16:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=38006</guid>
		<description><![CDATA[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 properties in the question had proved reserves of 39 million barrels of oil equivalent (BOE) and produced an average of 16.1 thousand barrels of oil equivalent (MBOE/d) in the last four quarters. The deal expected to close at the end of the next month. Following the sale, Nexen still expects to meet its original 2010 production guidance of 230 MBOE/d to 280 MBOE/d (before royalties) despite the sale. Nexen expects to generate over $1.5 billion in total proceeds and net debt reduction from all asset dispositions, once it completes the expected sale of its interest in Canexus Income Fund ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/05/23/nxy-nexen-to-sell-oil-assets-in-western-canada-to-northern-blizzard-resources/38006/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NXY) Nexen Updates as Long Lake Output Rises</title>
		<link>http://www.stockbloghub.com/2010/02/10/nxy-nexen-updates-as-long-lake-output-rises/27691</link>
		<comments>http://www.stockbloghub.com/2010/02/10/nxy-nexen-updates-as-long-lake-output-rises/27691#comments</comments>
		<pubDate>Wed, 10 Feb 2010 21:13:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27691</guid>
		<description><![CDATA[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 of more than 105,000 barrels per day (bpd). As a result, the company is injecting more steam into more wells than ever before. The increased steam injection has resulted in a bitumen production rate of around 18,000 bpd. The company said that it is now in a position to provide consistent steam to the reservoir, resulting in an improved individual well performance. Additionally, Nexen has converted about 40% of its wells from gas lift to electric submersible pumping and expects to have about 80% converted by year end. This offers more flexibility to optimize steam ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/10/nxy-nexen-updates-as-long-lake-output-rises/27691/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NXY) Nexen Inc Provides 2010 Outlook</title>
		<link>http://www.stockbloghub.com/2009/12/10/nxy-nexen-inc-provides-2010-outlook/22482</link>
		<comments>http://www.stockbloghub.com/2009/12/10/nxy-nexen-inc-provides-2010-outlook/22482#comments</comments>
		<pubDate>Thu, 10 Dec 2009 22:03:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22482</guid>
		<description><![CDATA[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 of oil sands, 8% towards exploration and appraisal opportunities in shale gas and the rest 4% aims corporate, chemicals and others. Out of C$1.8 billion (US$1.7 billion) of capex on conventional development and exploration, two-thirds relates to the development of existing assets and discoveries, while the remainder relates to exploration in three core basins: the North Sea, offshore West Africa and the deepwater Gulf of Mexico. The capital program advances the company’s future growth as it moves forward with the development of several major identified projects including Long Lake in Canada, Usan in offshore Nigeria, Golden Eagle in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/10/nxy-nexen-inc-provides-2010-outlook/22482/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ESV) Another Newbuild for ENSCO International</title>
		<link>http://www.stockbloghub.com/2009/12/08/esv-another-newbuild-for-ensco-international/22298</link>
		<comments>http://www.stockbloghub.com/2009/12/08/esv-another-newbuild-for-ensco-international/22298#comments</comments>
		<pubDate>Wed, 09 Dec 2009 03:38:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22298</guid>
		<description><![CDATA[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 FELS Limited of Singapore) assurance that the manufacture is on time and within budget. Following its scheduled delivery, mobilizing and outfitting, ENSCO 8502 will start operations in the U.S. Gulf of Mexico (GoM) under a two-year contract with Nexen Inc. (NXY) during the second quarter of 2010. The contract may be extended up to 3 to 4 years. Following the delivery of the first 8500 Series rig ENSCO 8500 in September 2008, the company received the second in this series, ENSCO 8501, in October 2009. ENSCO 8503 is scheduled for delivery in the fourth quarter of 2010, with two-year contracts ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/08/esv-another-newbuild-for-ensco-international/22298/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NXY) Nexen&#8217;s Earnings Report Falls Short of Estimates</title>
		<link>http://www.stockbloghub.com/2009/11/10/nxy-nexens-earnings-report-falls-short-of-estimates/20207</link>
		<comments>http://www.stockbloghub.com/2009/11/10/nxy-nexens-earnings-report-falls-short-of-estimates/20207#comments</comments>
		<pubDate>Tue, 10 Nov 2009 23:53:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[NXY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20207</guid>
		<description><![CDATA[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 during the quarter, before royalties, averaged 214 thousand barrels of oil equivalent per day (MBOE/d), or 184 MBOE/d net of royalties, comprising 83% crude oil and 15% natural gas. Production before royalties was down 14% year over year, mainly due to turnarounds and maintenance activities at a number of fields. On a net-of-royalty basis, production was down slightly by 12% year over year to 184 MBOE/d. While the quarter’s productions were hampered by the scheduled turnarounds on a number of the company’s fields, current production (275 MBOE/d) is increasing with the ramp-up of production at Ettrick, Longhorn and Long ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/10/nxy-nexens-earnings-report-falls-short-of-estimates/20207/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ESV) ENSCO International Launches Deepwater Rig</title>
		<link>http://www.stockbloghub.com/2009/10/17/esv-ensco-international-launches-deepwater-rig/18056</link>
		<comments>http://www.stockbloghub.com/2009/10/17/esv-ensco-international-launches-deepwater-rig/18056#comments</comments>
		<pubDate>Sat, 17 Oct 2009 21:25:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Ensco International Inc]]></category>
		<category><![CDATA[ESV]]></category>
		<category><![CDATA[NBL]]></category>
		<category><![CDATA[NEXEN Inc]]></category>
		<category><![CDATA[Noble Energy Inc]]></category>
		<category><![CDATA[NXY]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18056</guid>
		<description><![CDATA[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 Inc. (NXY) and Noble Energy (NBL). In September 2008, ENSCO received the first of the seven new ultra-deepwater semisubmersibles in the ENSCO 8500 Series®. ENSCO 8502 and ENSCO 8503 are scheduled for delivery in the first and fourth quarters of 2010, respectively, each with two-year contracts in the GoM. ENSCO 8504 is scheduled for delivery in 2011. ENSCO 8505 and ENSCO 8506 are scheduled for delivery in 2012. The company is on the track toward having the world’s largest fleet of ultra-deepwater semisubmersibles capable of drilling in water depths of 7,500 ]]></description>
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