CNOOC's (CEO) acquisition of Nexen (NXY) overcomes another hurdle after an official at the...

|About: CNOOC Limited (CEO)|By:, SA News Editor

CNOOC's (CEO) acquisition of Nexen (NXY) overcomes another hurdle after an official at the U.K.'s energy ministry says Britain "will not stand in the way" of the deal. Nexen owns a 43% holding in the in the North Sea Buzzard oilfield, which is used to help set the benchmark Brent crude price. Of greater import, perhaps, is what the U.S. will say.