Cnooc

China Set To Frack America In Shale Deal With Devon

via Christopher Helman, Forbes Showing that it isn’t worried about the upswell of angst over hydraulic fracking technology, the Chinese government, through state-controlled Sinopec, today struck a deal with Devon Energy to buy into five prospective new exploration areas in the U.S. The deal, which includes $900 million in cash upfront and a promise of … Continue reading →