Nexen News

Analysts have been impressed with the progress its interim CEO is making after a history of snafus at the company's Long Lake oilsands project and North Sea operations forced a change at the top.

Venari Resources, an early-stage oil and gas exploration company, has secured about $1.13 billion from leading investment firms to fund its growth plans in the Gulf of Mexico.

May 2012 marks the one-year anniversary of the launch of Quebec's Plan Nord by Premier Jean Charest.

Nexen Inc. says production at its troubled Long Lake oilsands project is improving and regulatory approvals have been secured for expansions to northern Alberta development.

NXY has been the subject of a number of other recent research reports. Analysts at Credit Suisse upgraded shares of Nexen from a "neutral" rating to an "outperform" rating in a research note to investors on Friday, April 20th.

The company, which has operations in Canada, the Gulf of Mexico, the North Sea and offshore West Africa, said the well was drilled to a depth of 30,300 feet at a cost of about C$120 million .

The company, which has operations in Canada, the Gulf of Mexico, the North Sea and offshore West Africa, said the well was drilled to a depth of 30,300 feet at a cost of about C$120 million .

Nexen Inc said it did not find oil or natural gas in commercial quantities at its Kakuna exploratory well in the Gulf of Mexico and was abandoning it.