Shell Nigeria Exploration acquired TotalEnergies’ 12.5% interest in OML 118 PSC for $510 million, increasing its ownership to 67.5%. This will boost Shell’s production and growth in its Upstream portfolio, with the Bonga North project expected to contribute to sustained liquids production. Completion of the deal is expected by the end of the year. SHEH and ABLD are ETFs that provide exposure to Shell.
