CNOOC slashes dividend to pay for Nexen purchase
Profit falls 19% in first half as China’s energy giant moves to conserve cash.
Opti Canada Inc. acquired by Chinese energy firm in $2.1 billion deal
CNOOC is one of China’s largest producers of offshore crude oil and natural gas
Opti says Long Lake increases production
Opti Canada Inc. says bitumen production at the Long Lake oil sands joint venture with Nexen Inc. increased to 27,900 barrels per day in the second quarter but the operation will fall short of its 2011 output target.