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Shell To Buy Competitor In Blockbuster Oil Deal

The BG Group ship 'Methane Jane Elizabeth' loaded with 145,000 cubic metres of liquefied gas is anchored at Quintero port, some 110 km west of Santiago, on July 13, 2009. (Felipe Gamboa/AFP/Getty Images)
The BG Group ship 'Methane Jane Elizabeth' loaded with 145,000 cubic metres of liquefied gas is anchored at Quintero port, some 110 km west of Santiago, on July 13, 2009. (Felipe Gamboa/AFP/Getty Images)

With energy prices sagging, oil and gas companies around the world are charting uncertain times. That uncertainty has led to a $70 billion mega-merger between Royal Dutch Shell and BG Group, a British-based natural gas producer.

The move gives Shell access to BG’s gas projects around the world, especially in Australia and Africa. If the deal goes through, Shell would be come the biggest producer of liquefied natural gas in the world.

CNN Business Correspondent Maggie Lake discusses the deal and its implications with Here & Now’s Robin Young.

Guest

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