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  • American City Business Journals9 months ago

    Exclusive: Chinese national oil company expands Houston offices

    Nearly three years after China National Offshore Oil Corp., more commonly known as CNOOC, successfully closed its acquisition of Canada-based Nexen Energy, China's state-owned and state-controlled oil company is now putting its flags in the ground around its acquired Nexen territory. CNOOC's U.S. moniker, OOGC America Inc., is remodeling office space in and around Nexen's Houston office at 945 Bunker Hill near the Energy Corridor, according to a commercial building permit filed with the city. When CNOOC bought Nexen for $15.1 billion in 2013, it was a big coup for the central government of China and its stated mission of growing outward via cross-border mergers and acquisitions.

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