By Vanand Meliksetian – Sep 04, 2018, 3:00 PM CDT
Royal Dutch Shell has invested significantly in LNG with its takeover of British Gas in 2016. The acquisition of BG for more than $50 billion provided the Dutch company with a head start during a period when prices were low. Shell’s capacity in the LNG industry is nearly double compared to its nearest competitor. The company’s value currently is $53 billion less than Exxon’s, the largest oil and gas company in the world. Before the deal, the difference was more than $150 billion. FULL ARTICLE
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By Paul Burkhardt: 5 Sept 2018, 00:01 BST: Updated on 5 Sept 2018, 14:31 BST
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Rigs drilling in Africa’s waters have hit a two-year high
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Companies including Exxon, Shell, BP have accumulated acreages
Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources. The world’s biggest companies from Exxon Mobil Corp. to Royal Dutch Shell Plc and BP Plc are setting up camp across Africa. FULL ARTICLE
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