• 6 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Why hydrogen economics is does not work
  • 5 mins The EU Loses The Principles On Which It Was Built
  • 3 hours Starvation, horror in Venezuela
  • 6 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 9 hours Crude Price going to $62.50
  • 1 day Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 5 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 19 hours Chinese EV Startup Nio Files for $1.8 billion IPO
  • 5 mins Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 1 day Oil prices---Tug of War: Sanctions vs. Trade War
  • 1 day Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 1 day Monsanto hit by $289 Million for cancerous weedkiller
  • 1 day Correlation does not equal causation, but they do tend to tango on occasion
  • 22 hours < sigh > $90 Oil Is A Very Real Possibility
Alt Text

Falling Rig Count Supports Oil Prices

Oil prices found some support…

Alt Text

Oil Prices Fall Despite Supply Fears

Oil prices started the day…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

Shell Announces Successful Completion Of BG Merger

Shell Announces Successful Completion Of BG Merger

The BG Group will now be officially delisted from the London Stock Exchange after Royal Dutch Shell’s Scheme of Arrangement with the group has become effective.

The entire issued ordinary share capital of BG Group is now owned by Shell.

Shell announced the successful completion of the merger after delivering the court order to the Registrar of Companies earlier today, following the Court’s sanctioning of the Scheme at a February 11, 2016 hearing.

Since Shell originally announced its plans for the deal in April 2015, Chief Executive Officer Ben Van Beurden has been a staunch supporter of the deal, stating that the acquisition of BG Group would be beneficial to shares by way of reducing redundancies, banking on anticipated increases in liquid natural gas sales. Related: Is Venezuela Trying To Hide Oil Assets With This Bizarre Move?

In Monday’s press release, van Beurden said, “This is an important moment for Shell. It significantly boosts our reserves and production and will bring a large injection to our cash flow. We have acquired productive oil and gas projects in Brazil and Australia and other key countries. We will now be able to shape a simpler, leaner, more competitive company, focusing on our core expertise in deep water and LNG.”

As part of the BG Group takeover, Shell will issue 1,523,804,425 New Shell Shares (218,728,308 Shell A shares and 1,305,076,117 Shell B shares), bringing Shell’s total capital to 4,209,649,887 Shell A shares and 3,745,486,731 Shell B shares. Shares of Shell A and Shell B will have equal voting rights. Related: UAE Offers India Free Oil To Ease Storage Woes

The new Shell shares were admitted to the London Stock Exchange by 8:00am GMT February 15, 2016.

The merger will make Shell Britain’s largest publically owned company, as well as the world’s largest producer of liquid natural gas (LNG)—taking the title away from the world’s current largest producer, ExxonMobil Corp.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment
  • kevin on February 17 2016 said:
    Can anyone tell me the plans for the ADR shares.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News