Talos Ocho Energy LLC to acquire Shell Offshore Inc.

Talos Ocho Energy LLC has agreed to acquire specific assets from Shell Offshore Inc. in a cash transaction valued at 1.7 billion USD. The deal, announced on 30 June 2026, involves the purchase of offshore energy assets within the United States by an American buyer. Consideration will be provided entirely in cash, with no equity or debt instruments mentioned in the reported terms. This asset sale represents a significant transfer of value within the Energy sector, marking a strategic shift for the seller to divest specific offshore operations.

The transaction remains in the firm intention stage as of the announcement date. Regulatory approvals and other customary closing conditions are required before the deal can proceed to completion. No final completion date has been confirmed at this time. The parties are expected to finalise the necessary documentation to facilitate the transfer of assets and associated liabilities. This agreement outlines the initial terms under which the buyer will assume control of the selected energy assets from the target company.