updated - June 3, 2020 Wednesday EDT
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.