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ShellPartnership

Shell acquires major stake in BP’s Gulf of America prospect

What happened

Shell and BP have formed a joint venture to drill the initial exploration well at the Conifer prospect, which is expected to be spudded in 2027.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

Shell has expanded its deepwater portfolio after acquiring a 30 per cent interest in the Conifer exploration prospect operated by oil giant BP Exploration and Production and located in the US Gulf of America. Under the agreement, Shell subsidiary Shell Offshore Inc. will acquire five offshore leases comprising the Conifer prospect, situated within the Keathley Canyon area roughly 400 kilometres south-west of New Orleans. The prospect sits adjacent to the Kaskida host development. BP will retain a 70 per cent working interest and remain operator of the asset. The joint venture partners expect to spud the initial exploration well at Conifer in 2027. Colette Hirstius, Shell's Executive Vice President for the Gulf of America and Shell USA President, noted the importance of the acquisition in maintaining the company's strong footprint in the energy-rich region. "The Gulf of America remains a world-class basin, and we are continually looking for opportunities to grow our position and create value," Hirstius said. "Conifer is another way to strengthen our position in this highly competitive region." Shell currently stands as the largest producing leaseholder in the Gulf of America. The company said that its operations in the basin boast among the lowest greenhouse gas emissions intensity globally when compared with other producing oil and gas members of the International...

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Extracted by Autobound

From the Signal API record
Event
Partnership

What this signalsA new partnership often opens integration and co-selling work.

Takes effect
Jan 1, 2027
Location
United States

Companies

  • BPPartnerbp.com

More partnership signals at other companies

The full record

From the Signal API record

Extraction

Confidence
90%
Detected
Sep 4, 2026
signal_type
news
signal_subtype
partners_with

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/238451b4-24cc-4453-298d-283281b897fc returns this record as JSON. POST /v1/companies/enrich returns every signal for shell.com.

{
  "signal_id": "238451b4-24cc-4453-298d-283281b897fc",
  "signal_type": "news",
  "signal_subtype": "partners_with",
  "detected_at": "2026-09-04T08:28:49+00:00",
  "company": {
    "name": "Shell",
    "domain": "shell.com"
  },
  "data": {
    "url": "https://petroleumaustralia.com.au/bnf/shell-acquires-major-stake-in-bps-gulf-of-america-prospect/",
    "title": "Shell acquires major stake in BP’s Gulf of America prospect - Petroleum Australia",
    "excerpt": "Shell has expanded its deepwater portfolio after acquiring a 30 per cent interest in the Conifer exploration prospect operated by oil giant BP Exploration and Production and located in the US Gulf of America. Under the agreement, Shell subsidiary Shell Offshore Inc. will acquire five offshore leases comprising the Conifer prospect, situated within the Keathley Canyon area roughly 400 kilometres south-west of New Orleans. The prospect sits adjacent to the Kaskida host development. BP will retain a 70 per cent working interest and remain operator of the asset. The joint venture partners expect to spud the initial exploration well at Conifer in 2027. Colette Hirstius, Shell’s Executive Vice President for the Gulf of America and Shell USA President, noted the importance of the acquisition in maintaining the company’s strong footprint in the energy-rich region. “The Gulf of America remains a world-class basin, and we are continually looking for opportunities to grow our position and create value,” Hirstius said. “Conifer is another way to strengthen our position in this highly competitive region.” Shell currently stands as the largest producing leaseholder in the Gulf of America. The company said that its operations in the basin boast among the lowest greenhouse gas emissions intensity globally when compared with other producing oil and gas members of the International Association...",
    "summary": "Shell and BP have formed a joint venture to drill the initial exploration well at the Conifer prospect, which is expected to be spudded in 2027.",
    "location": "Gulf of America",
    "planning": true,
    "image_url": "https://petroleumaustralia.com.au/wp-content/uploads/2021/07/shutterstock_1097405216.jpg",
    "confidence": 0.9,
    "published_at": "2026-09-04T08:28:49Z",
    "location_data": [
      {
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "effective_date": "2027-01-01",
    "article_sentence": "The joint venture partners expect to spud the initial exploration well at Conifer in 2027.",
    "related_company_name": "BP",
    "related_company_domain": "bp.com"
  }
}

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