CALGARY, ALBERTA -- (Marketwire) -- 05/09/11 -- Nexen advises that production has been temporarily shut in and operations suspended in Yemen as a result of a strike by members of the Masila Labour Union. Nexen continues to engage with the union and government agencies to reach an agreement.
CALGARY, ALBERTA -- (Marketwire) -- 04/27/11 -- Nexen Inc. reported solid first quarter 2011 financial results today, generating increased cash flow from operations and net income over the fourth quarter of 2010.
CALGARY, ALBERTA -- (Marketwire) -- 04/18/11 -- Nexen Inc. will hold its Annual General Meeting of Shareholders on Wednesday, April 27, 2011 at 11:00 a.m. Mountain Time (1:00 p.m. Eastern Time) at the Fairmont Palliser Hotel in Calgary, Alberta.
CALGARY, ALBERTA -- (Marketwire) -- 04/06/11 -- Nexen Inc. announces the regular quarterly interest payment on its 7.35% Subordinated Notes due 2043 of US$0.459375 per note, payable May 1, 2011, to note holders of record on April 15, 2011. The notes are listed for trading on the TSX: NXY.PR.U and the NYSE: NXYPRB.
CALGARY, ALBERTA -- (Marketwire) -- 03/24/11 -- On March 17, Nexen Inc. announced a debt repurchase program of up to US$1 billion that included:
-- Redemption of US$500 million 5.05% Senior Notes due 2013. The redemption date is April 21, 2011. -- Any and All Tender Offer for the 5.20% 2015 and 5.65% 2017 Senior Notes. -- Maximum Tender
CALGARY, ALBERTA -- (Marketwire) -- 03/17/11 -- Last week, Moody's Investors Service announced that it completed its credit review and confirmed Nexen's Baa3 rating, with a negative outlook based on achieving certain debt levels within the next year. We indicated we could meet these levels by reducing our debt by approximately US$1.5 billion
CALGARY, ALBERTA -- (Marketwire) -- 03/15/11 -- To coincide with a project update from Opti, Nexen Inc. announced today that for the month of February production from its Long Lake project averaged approximately 23,100 bbls/d gross (15,000 bbls/d net to Nexen). January production averaged 27,000 bbls/d (17,600 bbls/d net to Nexen.)
CALGARY, ALBERTA -- (Marketwire) -- 03/11/11 -- Earlier today, Moody's Investors Service announced the completion of their credit review and confirmed Nexen's Baa3 rating with a negative outlook. We expect to retain this rating and remove the negative outlook by reducing our debt to levels commensurate with the rating by late this year or early
CALGARY, ALBERTA -- (Marketwire) -- 02/24/11 -- Nexen Inc. has filed today its annual information form (AIF), audited consolidated financial statements and related management's discussion and analysis for the year ended December 31, 2010 with Canadian securities authorities. The AIF includes disclosure and reports relating to reserves data and
CALGARY, ALBERTA -- (Marketwire) -- 02/16/11 -- Nexen Inc. released its 2010 financial results today and highlighted its significant progress in delivering results and building value. 2010 highlights include: Corporate-wide - Increased annual after royalties production by 7% (after adjusting for the heavy oil sale)
CALGARY, ALBERTA -- (Marketwire) -- 02/09/11 -- To coincide with the quarterly earnings release of OPTI Canada Inc., Nexen provides the following Long Lake project update.
In the fourth quarter, bitumen volumes increased by 10% over the previous quarter to 28,100 bbls/d (gross). The following table shows the progress we've made over the last two