Beginning in February 2013, Nexen took accountability for managing approximately $8 billion in CNOOC Limited assets located throughout North and Central America. .
CNOOC Petroleum North America ULC, formerly known as Nexen, is a Canadian oil and gas company based in , Alberta. Originally the Canadian subsidiary of US-based .
Nexen has interests in Canada (including the through a 7.23% ownership of and the Long Lake project), the UK North Sea (including the ), the United States, and offshore . Beginning in February 2013, Nexen. .
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Nexen started in 1971 as Canadian Occidental Petroleum (CanOxy), and was 80% owned by , an oil company based in . In the first decade of its existence, CanOxy was fairly Canadian-oriented. During the 1980s and 1990s they. .
Nexen also has an Energy Marketing division that trades and markets proprietary and third-party , , , and .
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