Canadian oil and gas company Nexen Inc. (NYSE:NXY) entered into a strategic agreement with Japanese energy giant INPEX CORPORATION for the development of shale gas fields in northeast British Columbia. Although, as a part of the deal, Nexen will sell 40% working interest in the assets, it will still act as the operator.
The divested stake of the joint venture will be controlled by INPEX Gas British Columbia Ltd. that is jointly established by INPEX (82%) and JGC Corporation (18%). The disposition … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards