US review delays closing of big Chinese oil deal

In the U.S., the deal has triggered review by the Committee on Foreign Investment in the United States, the Treasury Department-led interagency panel that reviews foreign purchases of U.S. assets if the transactions could affect national security. 

Nexen is a multinational company active in Canada’s oil sands, off West Africa’s coast and elsewhere.

CNOOC’s takeover has drawn interest on Capitol Hill due to Nexen’s Gulf of Mexico holdings and because Nexen is a significant player in Canada’s oil sands. Click here, here and here for earlier E2-Wire coverage of the CNOOC-Nexen deal.