Chinese giant’s Gulf of Mexico oil & gas assets changing hands with UK firm’s ‘major step’ into US deepwater plays

Chinese giant’s Gulf of Mexico oil & gas assets changing hands with UK firm’s ‘major step’ into US deepwater plays

INEOS has embarked on a quest to expand its U.S. Gulf of Mexico footprint by inking a deal with CNOOC to take over its Gulf of Mexico business. The acquisition is seen as the British player’s third big investment in America over the past three years. 

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