Shell Australia prepares to cut Queensland jobs after BG takeover

The head of Royal Dutch Shell in Australia has advised that job cuts will inevitably be required in Queensland after the $US53 billion ($74.1 billion) takeover of BG Group and has pointed to opportunities to cut costs in gas development to help cope with the collapse in oil prices.

Speaking a day after the completion of the mega-merger, Shell Australia chairman Andrew Smith pointed to Shell's and BG's respective joint ventures in Queensland which hold adjacent coal seam gas acreage and to BG's existing processing infrastructure in the Surat Basi

http://www.smh.com.au/business/energy/shell-australia-prepares-to-cut-queensland-jobs-after-bg-takeover-20160215-gmuqyb.html