Shell, INEOS Energy Discover Oil In The Gulf of America

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Shell and INEOS Energy have made a new oil discovery in the Gulf of Mexico, finding high-quality oil in the Norphlet formation, a technically demanding area with extreme pressure and temperature conditions.

Market Impact

Market impact analysis based on bullish sentiment with 72% confidence.

Sentiment
Bullish
AI Confidence
72%

Article Context

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Shell and INEOS Energy have struck oil at a deepwater exploration well in the U.S. Gulf of Mexico, confirming a new discovery in the high-pressure Norphlet formation. Shell and INEOS Energy said the Nashville exploration well encountered high-quality oil more than 26,000 feet below the seabed, according to industry reporting The well was drilled in deepwater acreage targeting the Norphlet play, a technically demanding formation associated with extreme pressure and temperature conditions that require advanced well design, specialized drilling fluids,…

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Original article published by OilPrice.com on December 22, 2025.
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