Cnooc, Bridas Form Venture
BY YVONNE LEEAND NISHA GOPALAN HONG KONG?Chinese state-owned oil company Cnooc Ltd. said Sunday it is paying $3.1 billion for a 50% stake in a unit of Argentina’s Bridas Energy Holdings Ltd. to form a joint venture in move to boost its production and reserves. The deal highlights China’s growing thirst for energy resources globally. ...