BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt.
INEOS has embarked on a quest to expand its U.S. Gulf of Mexico footprint by inking a deal with CNOOC to take over its Gulf of Mexico business. The acquisition is seen as the British player’s third big investment in America over the past three years.
