CNOOC Limited agrees to sell U.S. Gulf of Mexico assets to INEOS Energy, pending approval.

CNOOC Limited, a major Chinese oil and gas producer, has agreed to sell its U.S. Gulf of Mexico oil and gas assets to INEOS Energy. The deal includes non-operating interests in projects like the Appomattox and Stampede fields. The transaction, aimed at optimizing CNOOC's global assets, is subject to regulatory approval and satisfaction of terms in their Stock Purchase Agreement.

3 months ago
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