Britain’s Ineos Acquires CNOOC’s Gulf of Mexico Assets

Britain’s Ineos Acquires CNOOC’s Gulf of Mexico Assets

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…

China's CNOOC sells off U.S. oil and gas interests in Gulf of Mexico

BEIJING -- Hong-Kong listed Chinese oil company CNOOC has finished selling U.S. oil and gas assets in the Gulf of Mexico amid what it warns is rising