China’s CNOOC Tests U.S. With Chesapeake Shale Deal

October 11, 2010

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China’s top offshore oil producer, CNOOC Ltd., agreed to pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the U.S. political climate for the first time since its 2005 failed bid for Unocal.

*For more on this story, read the full Reuters article.

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China’s CNOOC Tests U.S. With Chesapeake Shale Deal

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