TotalEnergies, Shell, others eye majority stake in U.S. Gulf field, Reuters says

Multiple energy majors, including TotalEnergies (TTE) and Shell (SHEL) are eyeing a majority stake in one of the U.S. Gulf’s most promising sites in Shenandoah, Reuters’ David French, Shariq Khan and Andres Gonzalez report, citing three sources with knowledge of the process. England’s BP (BP) and Spain’s Repsol (REPYY) are also interested, with Chevron (CVX) also anticipated to weigh a bid, the authors say. Two of the owners of the Shenandoah offshore field started a sale process for their interests in recent days, offering potential suitors 51% of the project, the authors note.