CNOOC, China’s top offshore oil producer, plans to buy buy one-third of Chesapeake Energy’s oil and natural gas acreage in the Eagle Ford Shale project in South Texas for $1.08 billion in cash. The companies believe the deal will clear regulatory hurdles, even though CNOOC’s efforts to buy a U.S. oil company five years ago were blocked.
Continue reading CNOOC and Chesapeake Sign a $2.2 Billion Deal
CNOOC and Chesapeake Sign a $2.2 Billion Deal originally appeared on DailyFinance on Mon, 11 Oct 2010 06:25:00.
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