Companies & Finance

CNOOC unit considers selling Gulf of Mexico assets

CNOOC’s listed unit is considering selling some of its oil and gas assets in the United States Gulf of Mexico.
By Staff reporter 28 September 2018 0 32721

China National Offshore Oil Corp.’s (CNOOC’s) listed unit is considering selling some of its oil and gas assets in the United States Gulf of Mexico but does not intend to fully exit the US market, Reuters reported on Thursday.

The decision to sell some of the assets comes as the NOC finalises an internal restructuring that will combine its exploration and production team in Beijing with that of Nexen Petroleum in the Canadian city of Calgary.

“We just had a review...