CNPC mulling minority stake in Chesapeake's shale assets

[MoneyGuy]

HONG KONG (MarketWatch) -- China National Petroleum Corp., mainland China's largest oil producer, is considering bidding for a minority stake in the shale gas assets owned by Chesapeake Energy Corp. , the South China Morning Post reported Monday, citing market sources. The report added CNPC declined comment and a Chesapeake spokesman said the U.S. company was "entertaining proposals on partnerships for our Fayetteville and Marcellus shale assets," but wouldn't name the companies that had submitted proposals.

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