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Britain’s Ineos Acquires CNOOC’s Gulf of Mexico Assets ...0
Chinese state-owned oil giant CNOOC Ltd., which stands for China National Offshore Oil Corporation, has followed through on an earlier announced sale of its Gulf of Mexico assets to Britain’s Ineos Energy. “This is a major step for us into the deepwater Gulf of Mexico, which builds on our growing energy business,” said Ineos CEO David Bucknall in announcing the deal in December 2024. Ineos Energy focuses on oil and gas exploration and production, with activities in the North Sea, UK, Denmark and the USA. Its onshore assets…
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