IBD Updates The Chinese Acquisitions Of North American Energy

Under "The Big Stories" at the side bar at the left, I have a link called the "Asian Connections."

That post updates the Chinese acquisitions of North American energy assets.

Investor's Business Daily posted an update on the same subject last week:

Here's another clip for the China scrapbook: China-based energy firms led the world in oil and gas-related acquisitions in 2013, with a big piece of that representing a move into North American shale oil and natural gas.

A Jan. 2 report from IHS showed overall deal activity declined 20% in 2013 after notching a 10-year high — with more than $250 billion in deals — the year before. Asset-based transactions dropped 15%. Corporate mergers declined 50%, with no single deal announced at more than $5 billion, IHS said.

China's Cnooc (CEO) closed its $15.1 billion acquisition of Calgary, Alberta-based Nexen in February. Because the deal was announced the prior year, it was tallied in the 2012 M&A count.