2026 Media releases

Houston − Shell Offshore Inc., a subsidiary of Shell plc, has agreed to sell its 50% non-operated working interest in the Na Kika platform and associated fields in the Gulf of America as well as its 100% owned Coulomb tieback. The assets will be acquired by subsidiaries of Talos Energy and Ridgewood Energy for a total consideration of $1.7 billion, subject to customary adjustments and certain contingent payments.

Houston − Pennzoil Quaker State Company DBA SOPUS Products, a wholly owned subsidiary of Shell USA, Inc., that comprises Shell’s United States (“U.S.”) lubricants business, has entered an agreement to sell Jiffy Lube International (JLI) and its subsidiary Premium Velocity Auto (PVA) LLC business to an affiliate of Monomoy Capital Partners (Monomoy) for $1.3 billion. As part of this transaction, Pennzoil Quaker State Company has entered into a long-term lubricants supply agreement with Monomoy.