INEOS Energy and Shell Offshore Partner for Gulf of Mexico Oil and Gas Development
INEOS Energy has entered into a partnership with Shell Offshore, a subsidiary of Royal Dutch Shell (SHEL), to co-invest in oil and gas exploration near the Appomattox platform in the Gulf of Mexico. INEOS will acquire a 21% working interest in certain assets within tie-back distance of the platform as part of its strategy to expand upstream operations.
Tickers: $SHEL
Topics: exploration Gulf of Mexico infrastructure oil and gas