Shell Plc Bets Bigger On Gulf Of Mexico As Ineos Tie-Up Puts Fort Sumter Back In Play
Shell and Ineos Energy are advancing oil and gas exploration near the Appomattox platform in the Gulf of Mexico, including development of the Fort Sumter discovery, The Times reported. The move comes as Shell faces scrutiny over reserve replacement and follows its $14 billion deal to buy Canada’s ARC Resources. Ineos gained its Appomattox stake after acquiring CNOOC’s Gulf assets in April 2025. Shell holds a 79% interest in Appomattox, Ineos 21%.