CNOOC Greases the Overseas Pump

(Caixin Online) Ever since failing to acquire Unocal in 2005, it's been generally quiet on the international front for China National Offshore Oil Corp. (CNOOC), one of the country's energy giants.

But on March 13, the quiet spell ended when CNOOC Chairman and CEO Fu Chengyu signed an agreement to buy 50 percent of a Bulgheroni family stake in Argentina's Bridas Energy Holdings Ltd.