In the face of opposition from the U.S. Congress, the U.S. subsidiary of Canadian oil and natural gas producer Nexen has enlisted Covington & Burling to advocate for it on its proposed sale to state-owned Chinese energy company CNOOC. Senators have expressed concern about the deal resulting in foreign ownership of Houston-based Nexen Petroleum USA.
Energy Company Enlists Lobbyists for Help on Proposed $15 Billion Sale to Chinese Company
The National Law Journal
October 15, 2012