Nexen says its takeover by the China National Offshore Oil Corporation should be finished this week.
It released that news alongside a fourth quarter loss for the year of six million dollars.
Last year, its fourth quarter results saw a 43 million dollar profit.
It says the loss was because of costs at its Long Lake oil sands project, and writeoffs on natural gas properties in the U.S. and Canada.
February 25, 2013
