INEOS to acquire the Gulf of Mexico business of CNOOC International.

INEOS, a global chemical company, agreed to acquire the Gulf of Mexico business of CNOOC International, a Canadian oil and gas company. Financial terms were not disclosed. “This is a major step for us into the deepwater Gulf of Mexico, which builds on our growing energy business. INEOS Energy is all about competing in the energy transition to provide reliable, affordable energy to meet world demand as the population continues to grow. And progressing carbon storage projects,” Brian Gilvary, INEOS Chairman.