Tuesday, 03 November 2015 12:21
LONDON: Royal Dutch Shell on Tuesday announced plans to increase benefits from its proposed $ 70 billion acquisition of BG Group, which the company said would work with oil prices in the mid-$ 60s a barrel.
The Anglo-Dutch group said it will reduce costs by $ 11 billion in 2015 as it cuts deeper to tackle a prolonged period of lower oil prices, currently trading just below $ 50.
Shell hopes to complete the deal early next year.
