Shell Plc Eyes Shenandoah Stake as Oil Shock Sends Majors Chasing Safer U.S. Barrels
Shell is considering a bid for a 51% stake in the Shenandoah offshore oil field in the U.S. Gulf, sources said, as sellers Beacon Offshore and HEQ Deepwater seek buyers. The field began producing in July 2025 and hit 100,000 barrels per day within 75 days. Brent crude settled at $109.03 after Trump threatened more attacks on Iran. Initial bids for Shenandoah are expected in the coming weeks.