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Shell to acquire stake in BP-operated Conifer prospect in Gulf of Mexico
Source: reuters.com
M&A & RestructuringEnergy Markets & PricesCompany Fundamentals
Shell Offshore will acquire a 30% stake in the BP-operated Conifer exploration prospect in the Gulf of Mexico. The deal adds upstream exposure in a key hydrocarbon basin, which is likely modestly positive for project-level growth prospects, though no financial terms or expected volumes were provided.
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