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Topic: shell

An offshore oil platform at sea
New Companies
Tuesday, 6/30, 10:43 PM

Shell Sells $1.7 Billion of Gulf of Mexico Oil Assets to Talos

  • Shell is selling stakes in its Gulf of Mexico oil operations — the Na Kika platform and the Coulomb field — to Talos Energy and Ridgewood Energy for $1.7 billion.
  • It's the latest move by the oil major to shed smaller assets and steer cash toward its best projects and shareholder payouts.

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