China’s CNOOC Sells U.S. Oil and Gas Assets to British Group INEOS
China’s state-owned oil and gas company, CNOOC Ltd, has divested its U.S. subsidiary and associated upstream oil and gas assets in the Gulf of Mexico. The buyer, British chemicals conglomerate INEOS, has acquired these assets as part of a sales agreement detailed in a statement issued by CNOOC on Saturday. The deal includes CNOOC’s non-operating…
