Who owns bg group

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. We are helping to power lives around the world with natural gas, the cleanest-burning hydrocarbon. Combining Shell and BG: a simpler and more profitable company. Pictures of a strong strategic fit. Previous Next. Read the announcement 'Scheme of Arrangement becomes effective'. More in about us. Who we are Find out about our business, people and how we are working to power progress together with more and cleaner energy solutions.

You may also be interested in. Deep water 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. His pay deal sparked a shareholder revolt in November , forcing BG to link his earnings more closely with company performance. But he may now receive a windfall for keeping BG ticking over until the deal is closed. The takeover also represents a multimillion pound pay day for the investment banks who advised the companies.

Van Beurden said he called Gould on 15 March to suggest a deal and that negotiations moved quickly. Gould said Lund had stayed in Reading to brief employees about the deal and that the two-hour drive to London was too time consuming for him to join him and the Shell bosses to present the takeover to the City. There has been widespread speculation that BG would become a takeover target as part of a wave of deals in the sector.

Many City analysts predicted Exxon of the US would make a move on the business. Gould declined to say whether any other companies had approached him about a takeover. Van Beurden said the hefty premium Shell was paying was not outlandish in the energy sector and that the low oil price had presented an opportunity to buy BG, whose shares had fallen by more than a quarter since the oil price began its slide last June. BG and Shell both have huge interests in the LNG market, which allows gas to be shipped around the world in tankers.

Like other oil and gas companies, BG has been hit hard by falling oil prices. Shell has also been affected by falling oil prices. Only two weeks ago the Anglo-Dutch business unveiled job cuts in the North Sea and changes to shift patterns for workers to cut costs.