2 Foreign Firms Invest In U.S. Energy Sector
Chinese company Sinopec will invest $2.2 billion into a joint venture with Devon Energy of Oklahoma City. The deal would give Sinopec a partial interest in five oil and gas fields. And, French company Total will invest $2.3 billion with Chespeake Energy. The deals show how hydraulic fracturing technology is sparking interest in U.S. oil and gas production.