Petroleum Africa
Find us on: 
Wednesday, June 17, 2015
The $70 billion acquisition of BG by Shell, cleared its first big milestone when the US Federal Trade Commission (FTC) cleared the deal. While clearance from the FTC puts a major hurdle behind the firms, the deal will also need clearances from regulatory bodies in a host of other countries like China, Australia, and Brazil as well has from the EU.
The deal is expected to be complete by early 2016.
“We’re well underway with the anti-trust and regulatory filing processes in relevant jurisdictions around the world and we’re confident that, following the usual thorough and professional review by the relevant authorities, the deal will receive the necessary approvals,” Shell CEO Ben van Beurden said in a statement. “We remain on track for completion in early 2016,” he added.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
