[에너지신문] 16 February 2016 -The merger of Shell and BG Group became effective on 15 February 2016 and the entire share capital of BG Group is now owned by Shell.
The acquisition was announced in April 2015. The two companies are complementary. By 2020, the combined group will have two strategic growth businesses – deep water and integrated gas – that could potentially each generate US$15-20bn/year of cash flow from operations. It will have upstream and downstream engines potentially generating a further US$15-20bn/year of cash flow and long term positions potentially adding US$10bn/year.
However, Shell is under pressure to maintain shareholders' dividends in a context of plummeting oil prices and profits. The new company has already announced 2,800 job cuts and could have to dispose up to US$30bn of assets in the next three years, including US$10bn of “easy to sell” assets in its refining, lubricants and chemicals business; another US$10bn of pipeline assets could be sold off.
http://www.enerdata.net/enerdatauk/press-and-publication/energy-news-001/shell-bg-merger-effective-15-february-2016_36151.html