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

Green Car Congress

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. billion cash. The price represents a premium of.

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Fairbanks Morse Engine and Achates Power team up on opposed-piston engines

Green Car Congress

OP engines are propelling ships, driving locomotives, powering natural gas compressors, running chillers and pump drives, and producing electricity in a variety of marine and stationary applications. while meeting the most stringent, global vehicle emissions standards. —Fairbanks Morse President Marvin Riley.

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