Shell's shareholder Standard Life to vote against BG deal
Royal Dutch Shell’s bid to acquire BG Group was dealt a blow on Friday when a first major shareholder said it would vote against the $49 billion deal due to a weak outlook for oil prices and risks related to BG’s assets in Brazil. Standard Life Investment’s announcement came on the same day influential shareholder […]
Leviathan partners and BG close to $30 billion Egypt gas deal
The plan is to sign the contract before Shell completes its acquisition of BG next month. The Leviathan partners and British Gas (BG) are negotiating the final details of a contract for exporting Israeli natural gas to Egypt, and will sign it in the coming weeks, senior sources in the gas companies said today. According […]
Interview with Aidan Murphy, Chairman & MD of Shell Egypt
Tell us about your background and the transition you made to your role in Egypt? I have worked for Shell since 1991 where I held a wide range of commercial leadership roles in both the Group’s upstream and downstream businesses including Vice President Portfolio & Growth, Unconventional Oil and Gas over the past two years. […]
BG Group announces Q1 results, provides an update on operations and Royal Dutch Shell offer
BG Group announced its Q1 2015 results and provided an update on operations, including the recommended cash and share offer for BG Group by Royal Dutch Shell. The business and operational highlights concerning Egypt stated the following: In March, BG Group announced the signing of a tie-in agreement with BP Egypt and RWE DEA to […]
Shell set to acquire BG Group in $70 billion deal
Royal Dutch Shell announced that it has agreed a deal to acquire BG Group for approximately $70 billion in a deal that would expand the Anglo-Dutch firm’s presence to the majority of the world’s oil provinces and reaffirm its dominance of the global trade in natural gas. The two companies confirmed details of a cash […]