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Shell, BG Merger: Now the Hard Work Begins

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When Royal Dutch Shell plc first mooted a takeover of UK rival BG Group plc in April 2015, the price of a barrel of Brent crude oil was hovering around the $65 mark. Back then, Shell said that the merger would work with oil trading in the mid-$70s per barrel. Months later, it said that the deal works with oil being in the mid-$60s. Then, at the start of this year, the firm's finance chief, Simon Henry, told analysts that Shell had conducted stress tests that showed the enlarged company could withstand oil at $50 per barrel over the next two years.

http://www.downstreamtoday.com/news/article.aspx?a_id=51466

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