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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. It is the second-largest oil producer in the UK North Sea.

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Lux Research: Australia best positioned to be next big shale play; China and Argentina next

Green Car Congress

Hydraulic fracturing and horizontal drilling have unlocked shale gas and tight oil resources previously written off as uneconomical, single-handedly altering North America’s energy landscape. Others such as Poland have not been so lucky, with ExxonMobil and Talisman Energy pulling out after disappointing exploration results.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

With the conclusion of the 14 th Congress in Poznań, Poland a year later and little progress made, member delegates, some of who had been showing signs of pessimism and fatigue in their statements to the press, were left with just four second-level meetings at which to resolve major outstanding differences.

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