INEOS – Oil & Gas 360

INEOS publishes its global sustainability report for 2022 highlighting best in class safety performance and strong progress against climate and circular economy goals

June 30, 2023

Oil and Gas 360 Publisher’s Note: INEOS Energy is a participating sponsor at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com 29th June 2023 INEOS reinforces its commitment to net-zero emissions by 2050 and progresses roadmaps in each business to reduce operational

INEOS acquires Chesapeake Energy Eagle Ford shale assets for $1.4 billion

May 3, 2023

World Oil (WO) – INEOS Energy has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, South Texas for $1.4 billion. The deal marks INEOS Energy’s entry as operator into the U.S. onshore oil and gas market, as it acquires 2,300 wells, producing net 36,000 boed. The acquisition, which includes production

Chemical giant enters U.S. shale with $1.4 billion acquisition

February 22, 2023

Oil Price One of the world’s largest chemical makers, UK-based INEOS, has entered U.S. oil and gas production after agreeing to buy Eagle Ford assets from Chesapeake Energy for $1.4 billion, thus gaining access to cheaper natural gas. The deal marks INEOS Energy’s entry as an operator into the U.S. onshore oil and gas market, as it acquires 2,300 wells producing

Delek And Ineos Are Front-Runners for Chevron’s U.K. Fields

April 15, 2019

From Bloomberg Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are emerging as the front-runners for a package of North Sea oil and gas fields put on sale by Chevron Corp., according to people familiar with the matter. The two companies are ahead of Premier Oil Plc, Chrysaor Holdings Ltd.and Oman’s Petrogas, which also submitted bids late last month, the people said. The fields could fetch

Britain’s Ineos Calls for A Change In ‘Unworkable’ Gas Fracing Rules

February 4, 2019

From Reuters British chemical manufacturer Ineos has called on the UK government to change its ‘unworkable’ rules on gas fracking which it says could force the closure of the industry. Ineos has the largest shale gas license acreage in Britain and wants to develop the sites to cut its reliance on imported gas, which it says will dramatically reduce its

INEOS Will Provide U.S. Ethane to China

November 22, 2017

INEOS and China’s SP Chemicals sign long term supply agreement for U.S. ethane Agreement includes construction of the largest ethane carrier ship ever built The deal will involve the construction of a 95,000cbm capacity ship which is expected to be delivered in 2019. Known in the US as a ‘Very Large Ethane Carrier’ or VLEC it will be the largest

DONG Energy Sells Out of Oil & Gas for $1.3 Billion

May 24, 2017

DONG sells oil & gas assets to INEOS, making the company the largest private enterprise operating in the North Sea Petrochemical manufacturer INEOS announced today that it agreed to acquire all of DONG Energy’s oil and gas assets for total consideration of approximately $1.3 billion. The acquired assets produced 100 MBOEPD in 2016 and hold approximately 570 MMBOE of reserves

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