Thursday, April 26, 2007

UPDATE 1-Buzzard field helps Nexen swing to profit

(Reuters) - Canada's No. 4 independent oil producer said its net income rose to C$121 million , or 45 Canadian cents a share for the quarter ended March 31, compared with a loss of C$83 million, or 32 Canadian cents a year ago when it included a C$227 million non-cash expense.

The quarter was marked by the start-up of the massive Buzzard field in the North Sea, which began production in early January.


Read more at Reuters.com Market News

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