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Oil Majors Eye U.S. Offshore Asset as Supply Crunch Intensifies
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Neutral
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94%
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Short Term
Article Context
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TotalEnergies and Shell are among the companies interested in buying a majority stake in the Shenandoah oil and gas field that is being sold by Beacon Offshore Energy and HEQ Deepwater. Per a Reuters report citing unnamed sources, other interested parties in the 51% stake include BP, Repsol, and Chevron. The heightened interest in the offshore field comes amid the unprecedented supply disruption in Middle East oil and gas, amid the U.S. and Israeli war on Iran. Beacon Offshore Energy is financially backed by Blackstone, while HEQ Deepwater is owned…
Original article published by
OilPrice.com
on April 3, 2026.
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Analysis and insights provided by AnalystMarkets AI.