- The Nexen Canadian subsidiary of China's Cnooc (CEO) is awarded exclusive rights to proceed with a proposed terminal to export liquefied natural gas from Canada's Pacific coast.
- Cnooc is teaming up with Japanese oil explorer Inpex and construction engineering firm JGC to build the Aurora LNG export terminal at Grassy Point in British Columbia.
- In winning the exclusive rights, Cnooc edges out other possible suitors for the remote site, including Exxon Mobil (XOM) and Australia's Woodside Petroleum (WOPEF, WOPEY); major energy companies such as Chevron (CVX) and Royal Dutch Shell (RDS.A, RDS.B) also are eyeing gas export projects along the B.C. coast.
at Zacks.com (Nov 3, 2014)