Thursday April 18, 2024 | Last Update: April 18, 2024 EDT
Royal Dutch Shell plc has announced in a press release that it has received unconditional merger clearance from the Chinese Ministry of Commerce (MOFCOM) regarding its combination with BG Group.
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Royal Dutch Shell plc has announced in a press release that its recommended combination with BG Group plc has received approval from the Australian Foreign Investment Review Board (FIRB). The recommended combination now only needs approval from China’s regulatory authorities.
Royal Dutch Shell is ceasing further its exploration activities in offshore Alaska for the foreseeable future, according to a press release issued by Shell. The company cites the high costs associated with the project and the challenging and unpredictable federal regulatory environment in offshore Alaska as the reason for the decision.
Royal Dutch Shell Plc, in a press release, said that they will be reducing costs and slashing jobs later this year due to the continued downturn in the prices of oil.
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