That didn't take long.
Only two and one-half hours after Devon Energy announced Monday morning that it would put it billions of dollars of Gulf of Mexico deepwater assets and some foreign fields up for sale to focus on US shale gas, the New York Times brought back the ghost of the China National Offshore Oil Corporation to haunt the story.
Under the headline "Devon Energy's Asset Sale May Draw China's Interest," the newspaper reports that CNOOC might be a logical bidder for Devon's Gulf properties.
Government-controlled CNOOC got a short, sharp lesson in US energy nationalism in 2005 when it bid $18.5 billion for California-based Unocal and its GOM fields, topping Chevron's bid by a few billion (back when billions with a "b" meant something).
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