CNOOC and Chesapeake Sign a $2.2 Billion Deal

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 wi…

Masdar Gives Up Plans to Produce All of Its Own Power

Masdar, the $22 billion green city that United Arab Emirates capital Abu Dhabi is building in the desert just outside its borders, has canceled its plans to generate all of its own clean energy and to emit zero carbon — and sa…

The Most Profitable Industries for the Next Three Years

IBISWorld Research has uncovered five industries that managed to stay extremely profitable during 2010 — and these industries are their picks to be the most profitable for the next three years. Investors could boost their port…