Can't-miss stories from the web
Steady as she goes
The rejection of the Petronas-Progress Energy Resources deal hasn’t dampened CNOOC Ltd.’s expectations of its bid for Nexen Inc.
CNOOC CFO Zhong Hua told a conference call on Tuesday that he expects the Nexen deal to be completed within the year. He added that the state-owned enterprise has prepared for all possible outcomes of the bid.