Shell acquires majority stake in ConocoPhillips' Gulf of America platform
Published on February 25, 2025
Oil giant Shell has announced plans to increase its working interest in the Ursa platform located in the Gulf of America. The company has agreed to acquire a majority stake from ConocoPhillips for an estimated $735 million. This move comes as part of Shell's strategy to expand its presence in the Gulf region and strengthen its position in the global oil market. The Ursa platform is a key asset for both Shell and ConocoPhillips, and this deal will further strengthen their partnership. With this acquisition, Shell aims to leverage its extensive expertise in offshore drilling and production to maximize the potential of the Ursa platform and drive growth in the Gulf of America.
Investor opinions & comments
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PennyPenny
February 28, 2025 at 17:05
I'm curious to know how this acquisition will impact Shell's overall market share. Will they become a major player in the Gulf of America?
MoneyMandy
February 28, 2025 at 13:08
What if there's a decrease in demand for oil in the future? Shell could end up with an expensive asset that doesn't generate enough revenue
IsaacPerry
February 28, 2025 at 02:45
Shell's acquisition of a majority stake in the Ursa platform shows their commitment to expanding their operations and securing their position in the global oil market
PennyParker
February 27, 2025 at 08:46
This acquisition seems like a smart move for Shell. Expanding their presence in the Gulf region will allow them to tap into new oil reserves and potentially increase their profits
AudreyRussell
February 27, 2025 at 07:54
I'm not convinced that this acquisition will be worth the investment. The oil market is volatile, and there are no guarantees that Shell will see a significant return on their $735 million
GraceStewart
February 27, 2025 at 01:43
It will be interesting to see how Shell plans to maximize the potential of the Ursa platform. Will they invest in new technology or implement new strategies to increase production?
GraceStewart
February 26, 2025 at 17:01
This deal is a win-win for both Shell and ConocoPhillips, as it strengthens their partnership and allows them to pool their resources and expertise
BrianMartin
February 25, 2025 at 06:02
With Shell's expertise in offshore drilling and production, they have the potential to significantly enhance the Ursa platform's production capabilities and ensure its long-term success
InvestorTom
February 25, 2025 at 05:38
Is Shell overextending itself by acquiring a majority stake in the Ursa platform? They should consider the potential risks and downsides of this move