Shell completed the acquisition of 15.96% stake in Ursa and Europa fields from ConocoPhilips for $735m.

Shell, an oil and chemical group, completed the acquisition of 15.96% stake in Ursa and Europa fields, from ConocoPhilips, a global oil and gas company, for $735m. "This targeted investment is the latest example of how we are unlocking more value from our existing advantaged upstream assets and infrastructure. The acquisition expands our ownership in an established long-producing asset that generates robust free cash flow, while also providing more options for growth," Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.