INEOS Completes Acquisition of CNOOC Assets in US Gulf
The INEOS Group has completed its purchase of China National Offshore Oil Corp.’s (CNOOC) stakes on the United States side of the Gulf of Mexico. The acquisition consisted of non-operating stakes in deepwater early-production projects Appomattox and Stampede, as well as “several mature assets and supporting business”, according to INEOS. CNOOC held a 25 percent
Macquarie Strategists Forecast USA Crude Inventory Build
In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 2.4 million barrels for the week ending May 2. “This compares to our early look which anticipated a 5.2 million barrel build,” the strategists said