Reported about 14 hours ago
CNOOC Ltd, China's state-owned oil and gas company, has sold its U.S. subsidiary and Gulf of Mexico assets to British chemicals firm INEOS. This transaction includes non-operational interests in major oil and gas projects, aiming to optimize CNOOC's global portfolio. The sale follows the company's exploration of divesting from Western markets amid fears of sanctions related to geopolitical tensions.
Source: YAHOO