Related Articles
Forward article link
Share PDF with colleagues

Shell and BG: 1 + 1 = 5

LNG and Brazil will create immense long-term value for Shell and BG Group

Thirteenyears ago, BG Group sold its share of Kazakhstan’s Kashagan project and turned its gaze to liquefied natural gas and exploration offshore Brazil. The wisdom of those decisions, now, seems unimpeachable. But then - even though more than 40 years had passed since the first commercial shipment of LNG, in 1959 - LNG still felt adventurous, fraught with risk because of its mighty capital requirements, elaborate and time-consuming engineering demands, and uncertain market outlook. Brazil’s Santos basin was in an even more embryonic state, its pre-salt fields still a twinkling in the eyes of geophysicists. And Kashagan, the largest oilfield in development outside the Middle East, hadn’t yet

Also in this section
Saudi Arabia pushes ahead with IPO
22 March 2017
The state firm is making the right noises about its privatisation, but the clock is ticking and market fundamentals could still shift
An M&A lifeline in the North Sea
15 March 2017
Assets that cut tax bills could be a blessing for UKCS operators looking for a bargain
Depth, breadth and data
15 March 2017
Fresh from the merger with Baker Hughes, GE Oil & Gas boss tells Petroleum Economist about his firm's plans for digital analysis, cost-cutting and recovery