Chinese Oil Major Sells U.S. Assets to Ineos

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Chinese Oil Major Sells U.S. Assets to Ineos

China’s CNOOC has struck a deal to sell its business in the United States to Britain’s Ineos, the two companies reported over the weekend. The deal is worth $2 billion and includes stakes in two deep-water fields in the Gulf of Mexico, per a Reuters report citing an unnamed source. Ineos said that the acquisition would boost its global oil and gas production to over 90,000 barrels of oil equivalent daily. Neither of the companies involved named …

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INEOS Energy to acquire oil and gas assets in US Gulf of Mexico – Oil & Gas 360

( Oil & Gas 360)  The third major investment by INEOS Energy in the USA, in the past three years. Capital spend on energy assets in the USA now exceeds $3bn, providing a strong platform for future growth. Deal includes interest in two high quality deep water early production assets (Appomattox and Stampede) in the Gulf of Mexico. Increases INEOS Energy’s global production to over 90 thousand barrels of oil equivalent per day. Brian Gilvary Chai…

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INEOS to acquire oil and gas assets in US Gulf of Mexico - Drilling Contractor

INEOS Energy has acquired the Gulf of Mexico business held by CNOOC. The deal increases INEOS Energy’s production globally to over 90 thousand barrels of oil equivalent per day. These assets in the Gulf of Mexico are the third major investment by INEOS Energy in the US in the past three years, following the 1.4 … The post INEOS to acquire oil and gas assets in US Gulf of Mexico appeared first on Drilling Contractor.

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INEOS acquires CNOOC’s U.S. GoM business

London-headquartered global chemical company INEOS said today that it has acquired the U.S. Gulf of Mexico business held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of China National Offshore Oil Company’s CNOOC International Limited unit. A Reuters report cites “a person with direct knowledge of the matter who was not authorized to speak to media” as saying that INEOS paid just under $2 billion for the assets. INEOS says that the de…

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The Chinese company CNOOC has reached an agreement to sell its business in the United States to the British company Ineos, both companies reported on the weekend. The agreement amounts to $2 billion and includes shares in two deep-water deposits in the Gulf of Mexico, according to a Reuters report quoted by an anonymous source. Ineos said the acquisition would increase its global oil and gas production to more than 90,000 barrels of oil equivale…

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Ineos buys CNOOC’s US assets

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