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Nexen Petroleum International (U.S.A.) Inc. history
Nexen Petroleum International (U.S.A.) Inc. company history timeline
He invested $100,000 in two of the company's exploration wells that soon struck oil, convincing him to buy up Occidental Petroleum's share and install himself as chief executive officer in 1957.
Production at the Masila block commenced in 1993, yielding one million barrels of oil by the end of the year.
1997 Canadian Occidental's Canadian oil production triples with the acquisition of Wascana Energy Inc.
Fischer, as the November 19, 2001 issue of the Oil and Gas Journal noted, planned to grow "through the aggressive use of the drill bit."
2004 Through a $2.1 billion acquisition, Nexen begins production in the U.K. North Sea.
In late 2005, industry observers reported what promised to be a massive oil field at Nexen's Knotty Head development in the United States Gulf of Mexico.
2006 Nexen moves forward with the development of the Ettrick field in the North Sea.
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Nexen Petroleum International (U.S.A.) Inc. competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| BP Pipelines | 1916 | $121.3M | 900 | - |
| Midstates Petroleum | 1993 | $234.4M | 189 | - |
| Eni | 1953 | $47.1B | 31,495 | - |
| Marathon Oil | 1887 | $6.7B | 1,672 | - |
| Alyeska Pipeline Service | 1970 | $1.1B | 794 | 1 |
| Stone Energy | 1993 | $377.4M | 158 | - |
| Kerr-McGee | - | $465.6M | - | - |
| Tallgrass Energy | 2012 | $655.9M | 569 | - |
| Wild Well | - | - | - | - |
| BP America Inc | 1909 | $164.2B | 70,100 | 71 |
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Nexen Petroleum International (U.S.A.) Inc. may also be known as or be related to NEXEN PETROLEUM HOLDINGS U.S.A. INC., NEXEN PETROLEUM USA, Nexen Petroleum International (U.S.A.) Inc. and Nexen Petroleum U.S.A. Inc.