CNOOC Eyes Second Canadian LNG Project, Raises $4 Billion in Bonds

摘要

China National Offshore Oil Corp. (CNOOC) has raised a further $4 billion in bonds to help refinance debt it accrued via its $17.9 billion purchase of Calgary-based Nexen in 2012. The Chinese state-controlled major has also signed a preliminary deal to work alongside BG Group at the Prince Rupert LNG project. If the deal is finalized, the project would become CNOOC's second in Western Canada's budding LNG export sector.