Latham & Watkins Advises INEOS Energy in US Gulf Transaction

INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have announced an agreement to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long‑term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of America. INEOS is acquiring a 21% working interest for an undisclosed amount, consistent with its ownership in Appomattox, Rydberg, the recent Nashville discovery, and the Mattox pipeline.

Latham & Watkins LLP advised INEOS in the transaction with a corporate team led by partner Justin T. Stolte, with counsel James Robinson and associate Nathan Zhang. Advice was also provided on tax matters by partner Tim Fenn; and on finance matters by counsel Natalie McFarland.