CNOOC concludes $1.5 billion Nexen acquisition

CNOOC Limited (SEHK: 00883; NYSE: CEO) has finally concluded the acquisition of Nexen Inc. (TSX/NYSE: NXY) following the US approval.

On January 27, 2013, CNOOC and Nexen extended its closing date to March 2, 2013, pending receipt of United States regulatory approval and the satisfaction or waiver of other customary closing conditions.