Helge Lund headed BG Group between 2015 and 2016 when it was taken over by Shell

Royal Dutch Shell has confirmed it will cut 10,000 jobs. CEO Ben van Beurden said it is a consequence of the oil giant’s takeover of BG Group this month after being approved by shareholders of both companies. He added: “The completion of the BG transaction, which we are expecting in a matter of weeks, marks […]

Shareholders of BG Group have given permission for the company to merge with Shell. Around 87% voted in favour of the deal while 12% said no to the transaction. The decision follows the approval by 83% of Shell’s investors earlier this week. The takeover could be completed on the 15th of February when is expected […]

Shell’s shareholders have approved the takeover of BG Group. Around 83% of the oil giant’s investors voted in favour of the deal while 17% said no. A meeting of BG shareholders is expected to be held tomorrow to approve the £47 billion merger, according to Shell. It added the transaction would be expected to be completed on the 15th of […]

Shareholders of Royal Dutch Shell and BG Group are expected to vote on 27th and 28th of January on the firms’ planned merger. BG is currently seeking the approval of the High Court to publish its scheme document and convene the related shareholder meetings. The companies’ plan to merge in deal worth £47 billion, was […]

Royal Dutch Shell will cut 2,800 jobs once its plans to takeover BG Group are completed. That’s around 3% of the total combined group workforce, the firm stated. The job reduction is in addition to the 7,500 cuts the firm proposed earlier this year. The company made the announcement after China’s competition authority gave the […]

Shell’s proposed £47 billion takeover of UK’s BG Group has been given the thumbs up by the Australian Foreign Investment Board. It is the final approval from Australia and follows the green light from the nation’s competition authorities last month. The agreement will add around 25% to Shell’s oil and gas reserves and 20% to […]

UK energy firm BG Group has bought a 35% stake in an offshore gas field in Cyprus. The firm agreed a purchase worth $165 million (£107.3m) with Noble Energy. The acquisition includes the newly discovered Aphrodite gas field which has natural gas resources of approximately four trillion cubic feet, according to Noble Energy. The transaction is […]

Royal Dutch Shell has been given the green light by the Australian competition watchdog to takeover BG Group. The Australian Competition and Consumer Commision (ACCC) said it won’t oppose the proposed acquisition worth £47 billion. It follows approvals from Brazil, EU and the US. The oil giant still needs approval from Australia’s Foreign Investment Review Board and China’s Ministry […]

The CEOs of 10 global oil and gas companies have called for an “effective” climate change agreement at the COP21 conference in Paris. BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total make up the Oil and Gas Climate Initiative (OGCI). They recognise the ambition to limit global average temperature rise to […]