Nexen (NXY), the Canadian oil sands operator that Chinese state energy giant Cnooc (CEO) has...

|By:, SA News Editor

Nexen (NXY), the Canadian oil sands operator that Chinese state energy giant Cnooc (CEO) has agreed to buy, says the two extended the deadline for the closing of the $15B proposed deal by 30 days, as they await U.S. government approval. Key regulatory approvals have been received from Canada, the U.K., the EU and China.