BEIJING – China’s Sinopec Group said on Tuesday that it will acquire a third of five shale oil and gas assets in the United States from Devon Energy Corp for US$2.2-billion.
Sinopec International Petroleum Exploration & Production Corp (SIPC), a unit of Sinopec Group, will pay 30% in cash and the remaining 70% in carry, and expects to complete the whole payment by the end of 2014.
© Thomson Reuters 2011
Cool Video: Discussion of the Deflationary Risks in Japan and Brexit.
I joined CNBC Asia's Amanda Drury and Sri Jegarajah via Skype earlier today as the new week was beginning in Asia. I...
A digital crop.
I spent the holiday weekend sitting in the sunshine reading digital economy books of varios types (in between cooking...
Italy's 'perma-recession' could trigger a €2 trillion financial crisis that threatens the eurozone itself.
Yutong Yuan/Business Insider Italy has entered a "perma-recession" and there is no obvious way out, analysts told Bu...