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school135perm Homepage > Equities > Stock Exchange of Hong Kong > CNOOC Ltd 0883 HK0883013259

CNOOC LTD (0883)
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CNOOC : Alberta charges Nexen over explosion that killed two oil sands workers

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12/28/2017 | 12:34am CET
FILE PHOTO: A woman walks into the Nexen building in downtown Calgary

Canada's Alberta province has brought eight charges against Nexen Energy, a unit of China's CNOOC Ltd, after two workers died in an explosion at its Long Lake oil sands plant in early 2016, an Alberta government spokeswoman said on Wednesday.

Alberta laid the charges on Dec. 19 under the province's Occupational Health and Safety Act. Spokeswoman Nicole Appleton said each count carried a fine of up to C$500,000 ($395,350.68) and/or up to two years in jail.

Appleton said the charges were against Nexen Energy and she was not immediately able to specify which individuals may face potential jail time.

The Jan. 15, 2016 explosion occurred in a hydrogen compressor building while two maintenance workers were inside. One man died at the scene and the other died in hospital several days later.

"Our deepest sympathies remain with the families and individuals involved. A detailed review of these charges is currently underway; however, as the matter is before the courts we are unable to comment further," Nexen spokeswoman Brittney Price said in an email.

The charges include failing to ensure the health and safety of the workers, and failing to ensure the compressor equipment was serviced in accordance with manufacturer's specifications.

Appleton said a first court appearance is scheduled for Feb. 14 in Fort McMurray provincial court.

(Reporting by Nia Williams; Editing by Tom Brown)

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Financials ( CNY)
Sales 2017 180 B
EBIT 2017 43 718 M
Net income 2017 31 996 M
Debt 2017 104 B
Yield 2017 3,88%
P/E ratio 2017 14,49
P/E ratio 2018 11,97
EV / Sales 2017 3,14x
EV / Sales 2018 2,78x
Capitalization 461 B
Chart CNOOC LTD
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CNOOC Ltd Technical Analysis Chart | 0883 | HK0883013259 | school135perm
Technical analysis trends CNOOC LTD
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 11,0 CNY
Spread / Average Target 6,7%
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Managers
NameTitle
Guang Yu Yuan Chief Executive Officer & Director
Ke Qiang Xu President & Executive Director
Hua Yang Chairman
Wei Zhi Xie Chief Financial Officer
Guang Qi Wu Non-Executive Director
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1st jan.Capitalization (M$)
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CANADIAN NATURAL RESOURCES LIMITED6.00%44 816
WILLIAMS PARTNERS LP11.37%41 738
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