Royal Dutch Shell announced that it plans to acquire British Natural Gas Group (BG) for £47 billion in cash plus stocks. After the acquisition is completed, the new company will be close to the world’s oil “Executive†United States Exxon Mobil . This is a relatively rare case of major mergers and acquisitions in the energy mergers and acquisitions market. It is also the largest acquisition since Royal Dutch Petroleum and British Shell merged in 2005. Shell and British Natural Gas Group will expand their global leadership in natural gas production. Shell said that the transaction will increase its proven oil and gas volume by 25%, and it will also allow Shell to acquire new projects with more development prospects, especially in the areas of LNG in Australia and deepwater in Brazil. British Natural Gas Group is one of the world's largest producers and traders of LNG. Shell also holds a large share of the LNG market. Once the British Natural Gas Group is acquired, it will dominate the global trade of this fuel. Since the collapse of crude oil prices in June last year, people have been expecting the oil industry to repeat its merger and acquisition boom in the late 1990s. As large-scale energy companies cut costs to restore profitability, it may set off again the kind of merger and acquisition wave that created these super energy giants 15 years ago.
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The laminator is the necessary equipment for soda biscuit production. The biscuit produced by laminator has the characteristics of distinct layers and crisp taste, which is conveyed to the molding machine to produce soda biscuit blank by clamping and laminating the dough after pressing. Hard Biscuits Forming Machine,Forming Unit,Gauge Roller,Three Roll Sheeter Yangjiang Bordme International Trading Co,. Ltd. , http://www.bordme.com