XRG agrees to buy Shell's North West Shelf stake for $1.45 billion

Key facts

• XRG is the energy investment arm of Abu Dhabi's state oil producer.
• The $1.45 billion purchase covers Shell Plc's stakes in an Australian natural gas project.
• The deal is the latest in a series of transactions as XRG seeks to expand around the world.

XRG, the energy investment arm of Abu Dhabi's state oil producer, agreed to pay $1.45 billion for Shell Plc's stakes in an Australian natural gas project, according to a report dated November 3, 2026. The report did not name the project or give the size of the stakes.

The purchase is the latest in a series of deals as XRG seeks to expand around the world, the report said. It gave no further detail on the terms or the timing of completion.