Chesapeake (CHK +2.45%) and CNOOC (CEO) ink their second shale deal in the past year, as the...

|About: CNOOC Limited (CEO)|By:, SA News Editor

Chesapeake (CHK +2.45%) and CNOOC (CEO) ink their second shale deal in the past year, as the Chinese offshore oil producer continues its aggressive drive for acquisitions. The $1.3B investment buys CNOOC stakes in Chesapeake leasehold acres in Colorado and Wyoming. (previous deal)