Royal Dutch Shell informed about purchase deal of competitor BG Group for $70B, the largest merge in a decade. Thus the company is getting closer to Exxon Mobil and Chevron, top Duo in the sector globally.
Oil price drop helped the company to reach the agreement as smaller players in the energy sector have been hurt largely with price changes over the year. On the other hand, BG's assets in Brazil's offshore with oil and gas resources, an Kenya's new rigs lured investor to take the chance.
Royal Dutch Shell faced tough competition as it did not participate on fracking revolution in oil industry, what left space for other competitors, so the company had to act in this way of acquisition.
Moreover, BG is struggling now in Russian partnership with Rosneft and explosion case in the US (Deepwater Horizon).
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