Latham & Watkins Advises INEOS Energy in Completed Acquisition of CNOOC’s US Gulf Oil and Gas Business

INEOS Energy announced that it has closed the acquisition of the US Gulf business held by CNOOC Energy Holdings U.S.A. Inc., a US subsidiary of CNOOC International Limited. The acquisition increases INEOS capital spend on energy assets in the U.S.A. to above US$3 billion. Additionally, the deal increases INEOS Energy’s global production to over 90,000 barrels of oil equivalent per day.

Latham & Watkins LLP advised INEOS Energy in the transaction with an M&A team led by partners Justin T. Stolte and Simon Tysoe, with associates Cesar Leyva, Robert Cunningham, and Jordan Armstrong. Advice was also provided by Robert Brown, Damara Chambers, Jason Cruise, Tim Fenn, Jared Grimley, Robin Hulshizer, Adam Kestenbaum, Joshua Marnitz, Patrick Nevins, Peter Todaro, Trevor Wommack, Krisa Benskin, Kieran Dickinson, Ruchi Gill, and Natalie McFarland.