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June 01, 2015 9:39 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Nexen Energy ULC

Company Overview

Nexen Energy ULC operates as an independent energy company worldwide. The company’s Conventional Oil and Gas segment explores for, develops, and produces crude oil and natural gas from conventional sources. This segment operates in the United Kingdom, Canada and the United States, and offshore West Africa, Colombia, and Yemen. Nexen’s Oil Sands segment develops and produces synthetic crude oil from the Athabasca oil sands in northern Alberta. The company’s Shale Gas segment explores for and produces unconventional gas from shale formations in northeastern British Columbia. The company was formerly known as Nexen Inc. and changed its name to Nexen Energy ULC in June, 2013. The company was fou...

801-7th Avenue SW

Calgary, AB T2P 3P7


Founded in 1971

3,228 Employees





Key Executives for Nexen Energy ULC

Vice Chairman and Chief Executive Officer
Age: 52
Chief Financial Officer
Age: 49
Senior Vice President of Oil Sands
Age: 54
Principal Accounting Officer, Vice President of Insurance and Controller
Age: 45
Senior Vice President of Natural Gas Canada, Operational Services & Technology
Age: 49
Compensation as of Fiscal Year 2014.

Nexen Energy ULC Key Developments

Nexen to Cut 400 Jobs in Response to Oil Plunge

Nexen is cutting 400 jobs to cope with the collapse in oil prices. The company said in a statement that it will chop its work force by 340 in North America and 60 in the United Kingdom, where it operates in the North Sea.

Nexen Energy ULC Announces Changes of Chief Executive Officer

Following a 20-year career with Nexen, highlighted by overseeing the acquisition of the company by CNOOC Limited, Kevin Reinhart is departing from his role as Chief Executive Officer (CEO) of Nexen Energy ULC. Fang Zhi, Executive Vice President, CNOOC Limited, is assuming the position of Nexen CEO. His 30-year career with CNOOC will enable Fang to lead Nexen to collaboratively deliver results for CNOOC Limited.

Nexen Energy ULC Presents at 10th Annual Canadian Captives & Corporate Insurance& Strategies Summit, May-28-2014 11:15 AM

Nexen Energy ULC Presents at 10th Annual Canadian Captives & Corporate Insurance& Strategies Summit, May-28-2014 11:15 AM. Venue: The Sheraton Suites Calgary Eau Claire Hotel, Calgary, Alberta, Canada. Speakers: Mark Roberton, Director of Risk Management and Insurance.

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