Shell considers small North America energy deals even after BG
Shell considers small North America energy deals even after BG
Deals | Thu May 14, 2015 12:58am BST
Royal Dutch Shell Plc (RDSa.L) will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc (BG.L), Marvin Odum, director of Shell’s Americas exploration and production business, said in an interview Wednesday.
Shell has said its cash reserves are limited after the $70 billion deal announced on April 8, the first major energy industry merger in more than a decade that will bolster Shell’s global presence and increase its proven oil and gas reserves by 20 percent.
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