Oil

CNOOC to acquire OPTI Canada for $2.1 billion

A unit of CNOOC Ltd. will pay $2.1 billion for Canadian oil sands producer OPTI Canada Inc., Calgary, which filed on July 13 for creditor protection under Canada's Companies' Creditors Arrangement Act ...
Rigzone

OPTI Achieves Significant Oil Sands Milestones in Early 2009

OPTI has reported its financial and operating results for the year ended December 31, 2008. The Long Lake Project (the Project) is the first to use OPTI's integrated OrCrude(TM) process. Our ...
Reuters

CNOOC wraps up Opti deal to expand in oil sands

(Reuters) - CNOOC Ltd <0883.HK> closed its C$2.1 billion ($2.04 billion) acquisition of Opti Canada Ltd on Monday, giving China's top offshore oil company its second stake in a Canadian oil sands ...
Reuters

China's CNOOC to buy Opti Canada in oil sands push

BEIJING/CALGARY, Alberta (Reuters) - China's top offshore oil producer, CNOOC Ltd <0883.HK>, has agreed to buy struggling Opti Canada Inc for $34 million and $2 billion in debt, bolstering its ...
Oil

CNOOC to acquire OPTI Canada for $2.1 billion

HOUSTON, July 20 – A unit of CNOOC Ltd. will pay $2.1 billion for Canadian oil sands producer OPTI Canada Inc., Calgary, which filed on July 13 for creditor protection under Canada’s Companies’ ...