CNOOC, Chesapeake close $1 bln U.S. shale deal

China's top offshore oil producer CNOOC Ltd and Chesapeake Energy Corp on Tuesday announced the completion of the Eagle Ford Shale project deal in the United States.
The completion of the deal marks a victory for CNOOC's quest for U.S. government's approval after its fauled 2005 bid for Unocal. 
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Source: Reuters