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Topic - Cnooc Ltd.
CNOOC Group focus on the exploitation, exploration and development of crude oil and natural gas offshore of China. - Source: Wikipedia
Oil companies from China, Norway, Japan and other nations are investing billions of dollars in U.S. shale projects so they can learn how to extract oil and gas from bedrock and use those technologies to tap into the large and mostly undeveloped shale deposits outside the U.S.
With the latest polls giving him an edge in the must-win state of Ohio, President Obama exuded confidence during a trip to the northern part of the state Wednesday, accusing Mitt Romney of wanting to "stick it to the middle class" and calling his tough talk on China "just not credible."
China moved Monday toward its biggest overseas energy acquisition as offshore oil and gas giant CNOOC Ltd. announced an agreement to buy Canadian producer Nexen Inc. for $15.1 billion.