White & Case advises CNOOC Energy Holdings USA on sale of CNOOC Holdings USA to INEOS Energy

Global law firm White & Case LLP has advised CNOOC Energy Holdings USA. Inc., a wholly owned subsidiary of CNOOC Limited, on the sale of CNOOC Holdings USA Inc. to INEOS Energy.

Under the terms of the transactions, CNOOC Energy Holdings USA. Inc. will sell the equity interests in its subsidiaries owning the upstream oil and gas business located in the US Gulf of Mexico. The sale comprised non-operating interests in oil and gas projects, including the Appomattox and Stampede fields.

The White & Case team was led by M&A partners Mingda Zhao, Emery Choi (both in Houston) and Alan Bao (Beijing), and Debt Finance partner David Li (Beijing). The team also included M&A associates Kabir Phaguda, Daniel Miller (both in Houston) and Qianru Hong (Shanghai); Project Development and Finance associate Yuxi Wang (Houston); Environment & Climate Change partner Taylor Pullins and associate Sam McCombs (both in Houston); Antitrust partner Rebecca Farrington and associate Ashley Stoner (both in Washington, DC); Foreign Direct Investment partners Karalyn Mildorf and Farhad Jalinous (both in Washington, DC); International Trade partners Nicole Erb and David Lim, and associate Tim Sensenig (all in Washington, DC); Tax partner Chad McCormick, and associates Neil Clausen and Kealan Hannes (all in Houston); Employment, Compensation & Benefits partner Henrik Patel and counsel Aaron Feuer (both in New York); Technology Transactions partner Burr Eckstut and associate Jarrah Al-Buainain, (both in New York); Real Estate partner Steven Lutt (New York); and Capital Markets partner Ryan Tou, and associate Hilda Leung (both in Hong Kong). Law clerk Arianna Talaie also assisted on the matter.

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