Shell to divest Gulf stakes for $1.7B and South Africa network for $1B
SHEL•Shell agreed sale of its Gulf of America stakes to Talos Energy and Ridgewood for $1.7 billion. It’s also in advanced talks to divest roughly 600 South African fuel stations to ADNOC for about $1 billion, representing about 10% of the local market.
1. Gulf assets divestment
Shell will sell its Gulf of America stakes to Talos Energy and Ridgewood for $1.7 billion, transferring its interests in key offshore positions to two independent energy companies.
2. South African network sale
Shell is in advanced talks to offload about 600 fuel stations in South Africa to ADNOC for approximately $1 billion, which would represent around 10% of the country’s retail fuel market.
3. Strategic portfolio focus
These transactions align with Shell’s ongoing strategy to shed non-core assets and concentrate capital on long-term oil and gas production, continuing a portfolio cleanup initiated in 2024.
