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Business trends

US 'tight oil' tempts Asian producers

Regional leaders lack exposure to key growth area

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Chesapeake Energy, which drills gas in the Marcellus shale field in Pennsylvania, is expected to expand ties with CNOOC.   © Reuters

SINGAPORE -- Asian energy companies look set to catch up to their peers with investments in U.S. unconventional oil production, the area which has dominated global energy merger and acquisition activity over the last 12 months.

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