Shell to become largest LNG player with 47-B BG Group acquisition Royal Dutch Shells 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 Shells agreement to purchase BG Group for approximately 47 B in cash and shares is the oil and gas industrys 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 companys proved oil and gas reserves and 20% to production, each on a 2014 basis. The deal will also provide S
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