Shell could beat arch enemies with new acquisition

A USD 69 billion acquisition in the international oil industry is underway, and Shell can use this to threaten its strongest competitors in the short and long terms, says a source with knowledge of the company in comments to EnergiWatch.

BY MATHIAS ØRSBORG JOHANSEN, ENERGIWATCH

The power balance at the top of the oil industry could begin to tip if the proposed marriage between Dutch Shell and British Gas Group (BG) becomes a reality.

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