CNOOC seeks deepwater drilling expertise through Nexen

CNOOC's purchase of Canadian energy producer Nexen may prove to be bittersweet if United States regulators block the Chinese state-run oil company from taking over Nexen's oilfields in the Gulf of Mexico.

CNOOC won a major coup last week by securing Ottawa's consent for the US$15.1 billion deal - China's largest ever overseas acquisition - but the company is still waiting for approval from the US government.

via Business feed http://www.scmp.com/business/commodities/article/1104814/cnooc-seeks-deepwater-drilling-expertise-through-nexen