果酱视频

INEOS Energy Expands U.S. Footprint with CNOOC Asset Acquisition
INEOS Energy Expands U.S. Footprint with CNOOC Asset Acquisition

INEOS Energy Expands U.S. Footprint with CNOOC Asset Acquisition

  • 03-Apr-2025 5:30 PM
  • Journalist: Benjamin Franklin

INEOS Energy has successfully completed the acquisition of CNOOC Energy Holdings U.S.A. Inc., a subsidiary of CNOOC International Limited. This strategic move boosts INEOS Energy鈥檚 global production to over 90,000 barrels of oil equivalent per day and strengthens its presence in the U.S. energy market.

The acquisition marks INEOS Energy鈥檚 third significant investment in the U.S. within the past three years. Previous deals include a 1.4 million tons per annum (mtpa) LNG agreement with Sempra in December 2022 and the purchase of Chesapeake Energy鈥檚 oil and gas assets in South Texas in May 2023.

With this latest acquisition, INEOS Energy integrates the U.S. Gulf assets and strategic partnerships into its growing onshore energy portfolio. The deal includes a collection of non-operated assets centered around two deepwater early production platforms鈥擜ppomattox and Stampede鈥攁long with several mature assets and supporting business operations.

David Bucknall, CEO of INEOS Energy, emphasized the U.S. as a key investment hub, stating, 鈥淭he USA is a very attractive place for INEOS Energy to invest. This is our third deal in three years, following our LNG agreement with Sempra and the acquisition of Chesapeake Energy鈥檚 assets in South Texas. Our total capital investment in U.S. energy assets now surpasses $3 billion, establishing a strong foundation for future growth.鈥

INEOS Energy remains committed to a dual-track approach鈥攎eeting global energy demands while supporting the transition to a lower-carbon future. The company actively engages in oil and gas production, energy trading, and carbon credit markets, while also investing in LNG and Carbon Capture and Storage (CCS) solutions.

With this acquisition, INEOS Energy continues to expand its influence in the U.S. energy sector, reinforcing its commitment to sustainable energy development and long-term investment in innovative energy solutions.

INEOS Energy serves as the energy division of INEOS, a global chemical giant with operations spanning petrochemicals, specialty chemicals, and oil and gas. Established in 2020, INEOS Energy was created to manage the company鈥檚 expanding energy portfolio, which includes oil and gas exploration, production, and trading.

The company鈥檚 exploration and production operations focus on both onshore and offshore assets across key regions, including the North Sea, the UK, Denmark, and the USA. In line with global energy transition efforts, INEOS Energy has also made significant investments in low-carbon technologies such as Carbon Capture and Storage (CCS) and hydrogen.

INEOS Energy leads a pioneering consortium that successfully completed the world鈥檚 first cross-border offshore CCS initiative鈥攖he Greensand project. This project is expected to sequester 1.5 million tonnes of CO2 annually by 2025, with the potential to scale up to 8 million tonnes per year by 2030.

Related News

Dangote Refinery Cancels Scheduled June Maintenance for Gasoline Unit
  • 14-May-2025 9:00 PM
  • Journalist: William Faulkner
Suez Canal Considers Discount on Transit Fees as Red Sea Tensions Hit Revenue
  • 14-May-2025 8:45 PM
  • Journalist: Emilia Jackson
Tallgrass and Bridger Pipeline Launch Open Season to Boost Pony Express Capacity
  • 12-May-2025 11:30 PM
  • Journalist: Emilia Jackson
Liberty Energy Solutions to Acquire PEC Ltd In 160 Million Deal
  • 08-May-2025 2:15 AM
  • Journalist: Emilia Jackson

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.