The project would be the realization of long-held and often dashed hopes among civic leaders for the land just south of the Texas City Dike to be put to more
Oil major Shell is exiting its Permian Basin business in the U.S. through a $9.5 billion deal with ConocoPhillips. Shell’s move is in line with efforts to shift its focus on the energy transition while ConocoPhillips believes the deal will enable it to play a valued role in the transition through the addition of more low GHG intensity barrels to the mix.