Petronas Rejection Casts Doubt on Cnooc $15.1 Billion Nexen Bid

Petronas Rejection Casts Doubt on Cnooc $15.1 Billion Nexen Bid

Nelson Ching/Bloomberg

The bid by Beijing-based Cnooc Ltd. for Nexen Inc. of Calgary has raised questions about the degree of control state-owned enterprises should be allowed to have.