TFG Fixed Income Trust For Goldman Sachs Subordinated Notes, Series 2011-1

By Sarah Kent

LONDON--Commodities trading giant Trafigura Beheer B.V. said Friday it has acquired China National Offshore Oil Corp.'s business trading crude oil for other energy producers in Canada.

The business was acquired from Nexen Marketing, a Calgary, Alberta-based unit of CNOOC, for an undisclosed sum.

"We have a proven track record of providing Canadian producers with competitive pricing and high levels of operational expertise and technical support, backed by our strong balance sheet," said Iain Singer, head of Trafigura Canada.

The acquisition will make Trafigura one of the largest third-party crude oil traders in Canada, the company said.

Write to Sarah Kent at sarah.kent@wsj.com

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