Solar Energy News  
OIL AND GAS
Shell wins Chinese clearance for BG takeover
by Staff Writers
London (AFP) Dec 14, 2015


Energy major Shell's vast takeover of British rival BG Group has won approval from the Chinese government, it said Monday.

Shell's �55-billion (US$84-billion, 79 billion-euros) acquisition of BG Group had already been cleared by authorities in Australia and Brazil, as well as the European Commission.

"Royal Dutch Shell plc today announced that its recommended combination with BG Group plc has received unconditional merger clearance from the Chinese Ministry of Commerce (MOFCOM)," the group said in a statement.

"Following previously announced approvals in Brazil, the EU and Australia, MOFCOM clearance marks the final pre-conditional approval required for the combination."

The deal is aimed at helping Shell boost its flagging output thanks to BG's strong position in liquefied natural gas (LNG), a cleaner alternative to coal and nuclear energy.

"I am delighted we now have all the pre-conditional approvals needed to move to the next important phase," added Shell chief executive Ben van Beurden.

"This is a strategic deal that will make Shell a more profitable and resilient company in a world where oil and gas prices could remain lower for some time.

Shell, which will now seek approval from both sets of shareholders, remains on track to complete the deal in early 2016.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Scientists develop diesel that emits far less CO2
Leuven, Belgium (SPX) Dec 14, 2015
Researchers from KU Leuven and Utrecht University have discovered a new approach to the production of fuels. Their new method can be used to produce much cleaner diesel. It can quickly be scaled up for industrial use. In 5 to 10 years, we may see the first cars driven by this new clean diesel. The production of fuel involves the use of catalysts. These substances trigger the chemical react ... read more


OIL AND GAS
Scientists unveil urine-powered wearable energy generator

Turning poop into plastic at Paris climate talks

New catalyst to make eco-fiendly bio-based plastics possible

Plant-inspired power plants

OIL AND GAS
Scientists teach machines to learn like humans

Robot adds new twist to NIST antenna measurements and calibrations

UW roboticists learn to teach robots from babies

Swimming devices could deliver drugs inside the body

OIL AND GAS
U.S. offshore wind project wraps up inaugural construction season

Dogger Bank lidar confirms technology meets met masts for wind data collection

Pilot Hill Wind Project Closes Financing from GE and MetLife

German power giant RWE to spin off renewables business

OIL AND GAS
Cars driving the rebalancing of Chinese economy: IEA

Volkswagen says pollution cheating dates back to 2005

Volkswagen to start recalls in France in February

Mystery electric car startup unveils $1 bn US factory

OIL AND GAS
Thermally-durable all-solid-state lithium ion battery developed

Could metal particles be the clean fuel of the future

NREL research advances understanding of photoelectrodes

Carbon capture analyst: 'Coal should stay in the ground'

OIL AND GAS
China to Operate 110 Nuclear Reactors by 2030

Japan and India agree bullet train, nuclear deals

AREVA wins contract to dismantle the vessel internals of the Superphenix reactor

New Delhi to construct six fast breeder reactors over 15 years

OIL AND GAS
MIT Research offers new approach for China's carbon trading system

UN climate deal blow to fossil fuels: green groups

Addressing climate change should start with energy efficiency

As Paris summit tries to save the planet, how green is France?

OIL AND GAS
US forest products in the global economy

N. Korea 'declares war' on deforestation at Paris climate talks

At UN talks, African countries aim to restore 100 mn hectares of forest

Eyes in the sky track health of Earth's African 'lung'









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.