Combining Shell and BG: a simpler and more profitable company
From February 15, BG Group is part of Royal Dutch Shell. This combination brings together two world-class portfolios creating a more competitive company. We have acquired productive oil and gas projects across countries including Brazil and Australia and will be able to shape a simpler, leaner company. Together we will focus on our core expertise in deep water and liquefied natural gas (LNG).
Pictures of a strong strategic fit
Brazil: The Parque das Conchas project in the Campos Basin helps make Shell a leader in deep-water oil and gas exploration and production. BG’s deep-water interests in the Santos Basin and Barreirinhas Basin complement these fields.
Australia: BG’s Queensland Curtis LNG project will help strengthen Shell’s position as a major supplier of liquefied natural gas, the cleanest-burning hydrocarbon, to energy-hungry countries.
Australia: Shell is constructing Prelude, the world’s largest floating liquefied natural gas (FLNG) project, to operate off the coast of Western Australia, where it will help unlock resources of natural gas offshore. (Image: digital impression of Prelude FLNG)
Trinidad and Tobago: A BG platform in the Southern Caribbean sends gas to one of the largest LNG facilities in the world, operated by the Atlantic LNG joint venture, with stakes held by Shell and formerly BG. The combination with BG increases Shell’s upstream business in the country.
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Shell has a long history of developing energy projects using its knowledge, experience and proven deep-water technologies to unlock new resources safely and efficiently. Read more about Shell’s deep-water work around the world.
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Writing in The Times newspaper in the UK, CEO Ben van Beurden says that Shell’s acquisition of BG will lead to a simpler, more agile and competitive company – one more able to adapt and thrive in a changing energy landscape.