Shell is divesting mature U.S. Gulf deepwater assets to Talos Energy and Ridgewood Energy for $1.7 billion as part of its strategy to focus on higher-value offshore developments. The acquisition significantly strengthens Talos Energy’s Gulf of Mexico portfolio while extending the productive life of established offshore infrastructure.

Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for a phased campaign to deliver three wells in the Great White unit designed to boost oil production at the Shell-operated Perdido spar in the U.S. Gulf of Mexico (GoM).

Shell Plc has recently launched Shell Renewable Diesel at 75 of its stations in Los Angeles