Shell shareholders approve merger with BG Group

At Royal Dutch Shell's General Meeting held today in The Hague, shareholders approved the company's merger with BG Group. If BG’s shareholders also approve the pending merger at its shareholder meetings tomorrow, then the transaction is expected to complete on Feb. 15, subject to the satisfaction or waiver of certain customary conditions.

Once the merger is finalized, Shell will gain BG Group’s gas production and deepwater drilling businesses. Both companies are expected to lay off several thousand employees and contractors post-merger, according to various media outlets.




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...