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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. The price represents a premium of. billion cash.

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Report Finds Water Stress Rapidly Becoming Key Strategic Risk to Commerce; Impending Water/Energy Collision

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Water consumption or withdrawals per unit of energy produced, by energy type, in the United States. With increasing frequency ,” write the Pacific Institute researchers, “ we value energy production over water production. ”. by Jack Rosebro. Source: DHI Group. Click to enlarge. Climate change.

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