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Key facts: Shell boosts Brazil projects stake; wins Tupi, Atapu bids
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Shell's Brazilian unit raised its stake in the Atapu and Mero offshore oil projects, increasing interest in Atapu to 16.917% and Mero to 20%, effective 2027.1Shell is considering a deal with Galp to tackle future output challenges, including a bid for Galp's Namibian asset or a full acquisition.2Shell, in partnership with Petrobras, won two offshore areas in Brazil's Tupi and Atapu fields, bidding 7.79 billion reais for Tupi and 1 billion for Atapu, exceeding minimum prices.3
- Shell's Brazilian unit raised its stake in the Atapu and Mero offshore oil projects, increasing interest in Atapu to 16.917% and Mero to 20%, effective 2027.1
- Shell is considering a deal with Galp to tackle future output challenges, including a bid for Galp's Namibian asset or a full acquisition.2
- Shell, in partnership with Petrobras, won two offshore areas in Brazil's Tupi and Atapu fields, bidding 7.79 billion reais for Tupi and 1 billion for Atapu, exceeding minimum prices.3
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