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Nexen to close down crude oil trading divisionNexen Energy, a wholly owned subsidiary of China's CNOOC, is closing its crude oil trading division following a round of job cuts announced last week, four market sources said. The Calgary-based company, which was acquired by More… |
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Nexen shuts Yemen facilities due to security threatCNOOC Ltd's Nexen unit said it was shutting operations at an oilfield and processing facility in Yemen, where the Islamist militant al Qaeda group is operating, due to a security threat. & More… |
