Shell to become largest LNG player with €47-B BG Group acquisition Royal Dutch Shell’s agreement to purchase BG Group for approximately €47 B in cash and shares is the oil and gas ..
Shell to become largest LNG player with €47-B BG Group acquisition
Royal Dutch Shell’s agreement to purchase BG Group for approximately €47 B in cash and shares is the oil and gas industry’s biggest deal in at least a decade.
Shell saw its 2014 worldwide production drop to the equivalent of 3.08 MMbpd, the lowest in at least 17 years, while BG boosted reserves in six of the past seven years, 78% of which were gas, compared with 47% for Shell.
Shell expects the acquisition to accelerate its growth strategy, adding approximately 25% to the company’s proved oil and gas reserves and 20% to production, each on a 2014 basis. The deal will also provide S
Log in to view this article.
Not Yet A Subscriber? Here are Your Options.
1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.
2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $409 for an annual subscription*.
3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription. For information about group rates or multi-year terms, contact email Peter Ramsay or call +44 20 3409 2240*.
*Access will be granted the next business day.