June 2015, Vol. 242, No. 6

Features

Shell Takeover of BG Group Could Reshape Global LNG Map

Shell Oil Co.’s purchase of British rival BG Group for 47 billion pounds ($69.7 billion) in cash and stock, the largest energy deal in years, may signal a new wave of mega-mergers as the energy industry adapts to the world of lower prices. Royal Dutch Shell announced on April 8 that it will pay the equivalent of 13.67 pounds in cash and stock for each share of BG Group, 50% more than April 7’s closing price. The deal will boost Shell’s oil and gas reserves by 25%, including offshore projects in Australia and Brazil, and give it a bigger presence in the global liquefied natural gas market, Shell said. It would be the largest deal in Shell’s long history. Other energ

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