Description: $15.1 billion deal one of many to greatly impact global oil, natgas. When Cnooc Ltd. scored a deal to acquire Canada’s Nexen Inc., it was one big leap for China’s largest offshore oil and natural gas producer, and one small step toward building a global empire to feed the Asian nation’s voracious appetite for energy.

Source: Marketwatch.com

Date: July 27, 2012

Link: http://www.marketwatch.com/story/china-flexes-muscles-with-cnooc-nexen-deal-2012-07-27

Questions for Discussions:

• Summarize the history of Chinese energy acquisitions and the logic behind this deal in particular.
• What are the global implications for energy prices and the values of other energy companies?