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2015-11-05 19:15:00

SHELL & BG PRESENCE

SHELL & BG PRESENCE

Royal Dutch Shell outlined Tuesday its strategy for making its merger with BG profitable in a world with falling oil prices, revealing another $1 billion in cost savings from the deal.

Chief Executive Officer Ben van Beurden said cost savings for the deal are now expected to be $2 billion, bringing total synergies to $3.5 billion in 2018. Examples include savings on corporate costs such as real estate.

"The $1 billion increase is in operating cost synergies and has arisen from both de-risking our original assumptions but also from identifying further opportunities," he told reporters on a conference call. "Plans…

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Tags: SHELL, BG, GAS
Chronicle:
SHELL BG PRESENCE
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7th INTERNATIONAL LNG CONGRESS REVEALS THE BUSINESS PROGRAM
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ELECTRICITY ECONOMICS IN CHANGING ELECTRICITY MARKETS 18 – 21 May 2021
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2021, May, 13, 17:30:00
TAIWAN OFFSHORE WIND 15 GW
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SHELL BG PRESENCE
2021, May, 13, 17:25:00
PAKISTAN HYDROPOWER 1.5 GW
The civil works contract is worth US$355m and full commissioning is scheduled in mid-2024.
SHELL BG PRESENCE
2021, May, 13, 17:20:00
U.S. GDP UP 6.4%
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SHELL BG PRESENCE
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U.S. INTERNATIONAL TRADE DEFICIT UP TO $74.4 BLN
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SHELL BG PRESENCE
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OIL PRICE: NEAR $69
Brent climbed 18 cents, or 0.3% to $68.73 a barrel. WTI rose 20 cents, or 0.3%, to $65.48.
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