Shell Offshore has agreed to sell its 50 per cent stake in the Na Kika platform and associated Gulf of America fields, along with the Coulomb tieback, to Talos Energy and Ridgewood Energy subsidiaries for $1.7 billion.
Global demand for liquefied natural gas (LNG) is projected to reach nearly 700 million tonnes annually by 2050, up around 65 per cent from 2025 levels, driven by growing demand for secure, flexible and lower-emission energy, according to Shell’s LNG Outlook 2026.
Strohm has won its first contract in Egypt to supply a 2,000-metre thermoplastic composite pipe (TCP) flowline for a West Delta Deep Marine (WDDM) project operated by Burullus Gas Company, a joint venture between EGAS, Shell, and Petronas.
QatarEnergy has acquired stakes in three offshore Uruguay exploration blocks from Shell’s BG International, including 18 per cent in OFF-4, 30 per cent in OFF-2, and 30 per cent in OFF-7, strengthening its partnership with Shell, Chevron, and APA Corporation across key exploration assets.
Shell has agreed to acquire ARC Resources for $16.4 billion, strengthening its position in the Montney shale basin across British Columbia and Alberta, and expanding its presence in one of North America’s most prolific energy resource plays.
Shell is in advanced talks with Abu Dhabi's state oil company Adnoc to sell its retail fuel stations in South Africa in a deal likely to be valued at about $1 billion, Bloomberg News reported.
Exxon Mobil TotalEnergies and Shell are among the companies with more exposure to disruptions in oil and gas production due to the US-Israel war with Iran, analysts said in research notes.
Shell Brasil has increased its stakes in Brazil’s pre-salt Atapu and Mero offshore projects in the Santos Basin, acquiring additional equity through a Pré-Sal Petróleo auction, raising its interests to 16.917 per cent in Atapu and 20 per cent in Mero.
DNO, the Norwegian oil and gas operator, has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell effective January 2026 and secured related offtake financing facilities for up to $410 million.
Shell UK and Equinor UK have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today (December 1), will be the largest independent producer in the UK North Sea.
