Oil India to Consider Chesapeake Governance Before Buying

Oil India Ltd., armed with as much as $1.3 billion of cash for acquisitions, will consider Chesapeake Energy Corp.’s “corporate governance issues” before investing in the explorer’s shale assets in the U.S.

“We would certainly have to consider Chesapeake’s corporate governance issue,” Finance Director T.K. Ananth Kumar told reporters in New Delhi yesterday. “Investing in their assets is one of the opportunities we’re looking at for investments in the U.S.”