Oil Giants Consider Bids for Shenandoah Deepwater Field

Energy majors including Shell and TotalEnergies are eyeing a 51% stake in the Shenandoah deepwater field. The sale highlights rising demand for US oil assets.

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Several of the world's largest energy companies are reportedly exploring a majority stake in the Shenandoah offshore field, a premier deepwater site in the United States. According to sources familiar with the matter, European majors TOTALENERGIES SE and SHELL PLC are among the primary parties evaluating the opportunity.

The logo of French energy provider TotalEnergies displayed at a service station in Paris, France, in March 2026. REUTERS/Abdul Saboor
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