May 2015

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HP News

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 ..

Rhodes, Mike, Hydrocarbon Processing Staff

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

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