Description: $15.1 billion deal one of many to greatly impact global oil, natgas. When Cnooc Ltd. scored a deal to acquire Canadaâ€™s Nexen Inc., it was one big leap for Chinaâ€™s largest offshore oil and natural gas producer, and one small step toward building a global empire to feed the Asian nationâ€™s voracious appetite for energy.
Date: July 27, 2012
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?