{
  "id": 9295685,
  "title": "Shell completes sale of Gulf of America platform interest",
  "url": "https://urgent.news/2026/09/23/shell-completes-sale-of-gulf-of-america-platform-interest",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-23T07:53:28.000Z",
  "source": {
    "name": "Vietnam Investment Review",
    "slug": "vietnam-investment-review",
    "url": "https://vir.com.vn/shell-completes-sale-of-gulf-of-america-platform-interest-161402.html"
  },
  "original_language": "en",
  "account": "Shell Offshore Inc., a subsidiary of Shell plc, has finalized the sale of its 50% non-operated working interest in the Na Kika platform and associated fields, as well as its 100% owned Coulomb tieback, in the Gulf of America. The transaction, which closed on July 1, 2025, resulted in Shell receiving approximately $840 million in cash proceeds after accounting for adjustments between the effective date and closing. The assets were bought by a Talos Energy subsidiary and an affiliate of Ridgewood Energy. This sale is part of Shell's strategy to adjust its portfolio and maintain a resilient, competitive Upstream business. The press release contains forward-looking statements regarding Shell's future expectations and assumptions, acknowledging various risks and uncertainties that could cause actual results to differ from those expressed or implied.",
  "summary": "Energy company Shell Offshore completed the sale of its 50 percent non operated working interest in the Na Kika platform and associated fields in the Gulf of America",
  "key_points": [
    "Shell sells 50% interest in Na Kika platform and Coulomb tieback in Gulf of America.",
    "Transaction closes July 1, 2025, yielding $840 million in cash proceeds.",
    "Buyer is Talos Energy subsidiary and Ridgewood Energy affiliate."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}