Royal Dutch Shell and BG Group has completed the largest merger 10 years in the oil and gas industry


MOSCOW, February 15. Anglo-Dutch oil company Royal Dutch Shell has concluded the largest oil and gas deal of the decade on the acquisition of the British company BG Group. The amount of the transaction amounted to about 47 billion pounds (about $70 billion).

According to the press service of the Corporation Shell, on Monday completed the re-registration of all shares in BG Group Royal Dutch Shell.

The company announced the intention to conclude a deal in April 2015. It was noted that the merger oil and gas companies – the largest merger and acquisitions in the global oil and gas industry, at least over the last decade.

BG Group is the third largest gas producer in the UK. The main activities are exploration and production of hydrocarbons and LNG production.

Royal Dutch Shell is one of the world’s largest oil and gas companies with offices in more than 70 countries around the world. Oil production is 3.1 million barrels a day, in addition, the company is a leader in the LNG industry. In 2015, the company showed the sharpest decline in revenues in annual terms for the past 13 years.