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Nexen to Cut 350 Jobs in Canada After Oil-Sands Explosion

On 12 Jul, 2016

Nexen to Cut 350 Jobs in Canada After Oil-Sands Explosion

Cnooc Ltd.’s Nexen Energy unit will eliminate 350 jobs this year after deciding not to repair its Long Lake oil-sands upgrader in northern Alberta following an explosion in January.

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High Stakes Legal Ruling Looms In South China Sea Dispute

On 12 Jul, 2016

High Stakes Legal Ruling Looms In South China Sea Dispute

An arbitration court in The Hague will rule on Tuesday in a dispute about the South China Sea in which the Philippines is challenging China's right to exploit resources across vast swathes of the strategic territory.

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