Sinopec, Total to put in more than $4-bn into US shale assets

摘要

China's Sinopec and France's Total SA has made major purchases into the US energy sector, pouring $4.5-bn into deals to buy into booming production from shale rock formations, according to news agencies.Sinopec's Sino-pec International Petroleum Exploration & Production Corp made its first foray into US shale with a $2.2-bn investment to create a joint venture with Devon Energy Corp. The deal will give Sinopec a one-third interest in five fields.