Asia-Pacific Oil Drillers in U.S. Gulf Seen With BP Sale

Asia-Pacific Oil Drillers in U.S. Gulf Seen With BP Sale

Nelson Ching/Bloomberg

Cnooc Ltd., the publicly traded unit of China’s offshore oil explorer, is poised to become the first Chinese operator of deep-water U.S. oil assets, pending government approval of its $15.1 billion takeover of Canada’s Nexen Inc.