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CNOOC's Nexen closing down crude oil trading division - sources
2015-03-24 02:22:38| Oil & Gas - Topix.net
Nexen Energy, a wholly owned subsidiary of China's CNOOC Ltd , is closing its crude oil trading division following a round of job cuts announced last week, four market sources said on Monday. The Calgary-based company, which was acquired by state-controlled CNOOC in 2013 for $15.1 billion, cut 400 jobs last week in North America and the United Kingdom in response to plunging global oil prices.
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Category:Energy and Environment
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