Update: Shell, INEOS Expand Upstream Collaboration With New Gulf Exploration Deal
Idag, 11:52
05:52 AM EDT, 05/05/2026 (MT Newswires) -- (Updates to include information from the press release)
Shell (SHEL) and INEOS Energy have agreed to jointly invest in oil and gas exploration and development opportunities in the Gulf of America, expanding their collaboration around existing infrastructure, INEOS Energy said on Tuesday.
INEOS will acquire a 21% stake in the assets for an undisclosed amount, aligning with its Appomattox holdings, with an initial focus on Fort Sumter, the Sisco well, and another exploration well by 2030, it added.
Update: Shell, INEOS Expand Upstream Collaboration With New Gulf Exploration Deal
Idag, 11:52
05:52 AM EDT, 05/05/2026 (MT Newswires) -- (Updates to include information from the press release)
Shell (SHEL) and INEOS Energy have agreed to jointly invest in oil and gas exploration and development opportunities in the Gulf of America, expanding their collaboration around existing infrastructure, INEOS Energy said on Tuesday.
INEOS will acquire a 21% stake in the assets for an undisclosed amount, aligning with its Appomattox holdings, with an initial focus on Fort Sumter, the Sisco well, and another exploration well by 2030, it added.
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