Market Chatter: Shell Nearing $3 Billion Deal for US Oil Producer LLOG Exploration

11:30 PM EST, 12/09/2025 (MT Newswires) -- Shell (SHEL.L, SHELL.AS) is close to securing a deal to buy US Gulf oil and gas producer LLOG Exploration Offshore for over $3 billion, Reuters reported Tuesday, citing two sources familiar with the matter. The companies are in advanced discussions, with a deal expected by the end of 2025, according to the report. However, the sources cautioned that there is no guarantee that an agreement will be reached. Shell and LLOG did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)