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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.

Photo: Shell

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.

In the short term outlook, according to the press release which both companies released regarding the acquisition, Shell would be able to increase its daily gas and oil production by about 20 percent, and this would presumably be enough to become bigger than the arch rivals at BP.

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