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Alberta regulator calls for partial shutdown at CNOOC project
The Alberta Energy Regulator (AER) recently announced that it would partially lift a suspension order it issued August 28 against China National Offshore Oil Corp (CNOOC, ticker: CEO) subsidiary Nexen Energy ULC. With the change in the AER’s suspension decision, Nexen will be able to maintain approximately 75% of its Long Lake oil sands production and upgrader operations, according to a company press release.

The AER initially suspended the operating licenses affecting 95 pipelin...

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