Shell spends $70 BILLION on to buy BG Group

In a massive merger, Shell buys BG Group for $70 billion.  BG is  London based utility.

http://www.cnbc.com/id/102568626

The big question for most of us is how will this affect the proposed Monaca cracker plant? Do they have the cash to build it now?  I did hear yesterday that Shell applied for the required EPA emissions permits so they are still progressing on the plant.

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Permalink Reply by paleface on April 9, 2015 at 7:31am

Don't know where there drilling or under what name.( BG ) is British Gas that's all I know for now. It looks like Shell found a way to sell and delivery LNG. to New England they bought the company that was doing it.

Permalink Reply by KB on April 9, 2015 at 7:42am

BG partnered with Exco resources and all of their production would have been with Exco in the Marcellus and Haynesville

Permalink Reply by paleface on April 10, 2015 at 8:13am

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