Nexen Energy ULC, a wholly owned subsidiary of CNOOC Ltd., has selected Fang Zhi as chief executive officer. He succeeds Kevin Reinhart, a 20-year company veteran who oversaw the acquisition of Nexen by CNOOC.
Fang, currently executive vice-president, has served 30 years for CNOOC, which specified that the move will not change Nexen’s strategy and priorities as a wholly owned subsidiary.