Shell Eyes LLOG Deal to Strengthen Its Gulf of America Portfolio

Key Takeaways Shell is in advanced talks to buy LLOG in a $3B deal to strengthen its Gulf upstream position.LLOG's 30,000-boed output and assets like Salamanca and Who Dat offer growth potential ahead.The deal would help Shell address future production declines and rebuild its upstream funnel.Shell plc (SHEL) is reportedly in advanced negotiations to acquire LLOG Exploration Offshore in a transaction valued at more than $3 billion. If finalized, the deal would mark a major strategic push to enhance Shell’s ...