(EnergyAsia, October 20 2010, Wednesday) — State-owned China National Offshore Oil Corp (CNOOC) said its subsidiary CNOOC International Limited is planning to invest US$2.16 billion in US-based shale gas producer Chesapeake Energy Corp. If the deal is approved by shareholders of the two companies, it would be the largest Sino-US energy deal. China’s third-largest oil…
CHINA: CNOOC to invest US$2.16 billion for a stake in US shale gas leader Chesapeake Energy
Posted on October 20, 2010 by EnergyAsia