October 11, 2010 at 06:25 AM EDT
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 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. Filed Under: Energy , Company News , Stocks in the News Permalink | Tweet this! | Comments
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