Announced
Financials
Sources
Tags
Offshore Drilling and Other Services
Private
gas offshore assets
Friendly
Acquisition
Pending
Mexico
Single Bidder
Synopsis
Equinor Gulf of Mexico, a subsidiary of Equinor acquires a minority stake of 22.45% of the non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico from Shell Offshore, a subsidiary of Royal Dutch Shell for $965m. The transaction represents Shell's focus on strategically positioning the deep-water business for growth and is consistent with its strategy to pursue competitive projects that deliver value in the 2020s and beyond. The sale contributes to Shell's ongoing divestment programme.
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