Nexen betting on North Sea to diversify portfolio, grow production
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CALGARY (CP) - Canadian energy producer Nexen Inc. is betting $2.1 billion US that a major North Sea oilfield can help stop the company&#39;s falling production and reduce the risks of operating in the volatile Middle East and hurricane-prone Gulf Coast.
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A "significant" oil and gas find has been made in the North Sea west of Shetland, it is announced.
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FAROE Petroleum, the Aim-listed oil and gas minnow, will today be awarded exploration rights from the Faroe Islands' second-round licensing for two new sites in the North Atlantic margin area.
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Can this drilling equipment company squeeze out more growth?
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THE North-East could see investment and employm
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Euronext, which has emerged as a potential bidder for the London Stock Exchange, is an ambitious and fast-growing company. Founded in September 2000 through the merger of the Amsterdam, Brussels and Paris
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The watchmaker is growing efficiently through acquisition and expansion.
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This oil company has the chops to make a good investment.
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The traditional asset manager is making a big play for alternative investments.
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Royal Dutch/Shell announced plans to boost investment in exploration and production, making the replacement of its reserves a top priority as it seeks to restore battered investor confidence.
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Europe's northern seaports are on an unprecedented bull run. Terminal operators are reporting record traffic for most cargoes, from containers and crude oil, to coal and iron ore and are confidently bracing for ...
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Good diversification will keep this company sailing smoothly.
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Investor's Business Daily - The maker of routers and other networking gear is betting that more small businesses and even homeowners want higher-end storage systems once reserved for larger corporations.
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The semiconductor supplier may reinvent itself via an exciting entry into energy.
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The leading offshore driller's backlog is as dynamically positioned as its drillships.
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Nexen Inc., a Canadian energy and chemicals company, agreed to buy the UK oil business of EnCana Corp. for $2.1 billion, giving it control of the biggest British oil discovery in more than a decade.
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The Nasdaq Stock Market said the move will help meet competition from rivals who are also expanding overseas.