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Senators urge Obama administration to block Arctic oil drilling

WASHINGTON A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell’s preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents. The senator... More »

Shell challenges Exxon dominance with $70 billion bid for BG

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) agreed to buy smaller rival BG Group (BG.L) for 47 billion pounds ($70 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. Exxon Mobil (XOM.N) after a plu... More »

Fees from Shell’s BG purchase could be among 10 biggest

LONDON (Reuters) – Fees from Royal Dutch Shell’s $70 billion takeover of British energy firm BG could be among the top 10 most lucrative transactions on record, according to estimates from Thomson Reuters and Freeman Consulting.  Shell’s cash and share offer, ... More »

Sunday telephone call sparked $70 billion Shell-BG deal

LONDON (Reuters) – Sometimes it takes little more than five people to put together a $70 billion oil mega-merger. Shell’s purchase of smaller rival BG, the third largest oil and gas merger ever, was prompted by a phone call on a Sunday in the middle of March b... More »