Shell seeking to buy BG in first oil super-merger in over a decade

April 8, 2015 3:02 AM

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Shell seeking to buy BG in first oil super-merger in over a decade

(Reuters) - Royal Dutch Shell is in advanced talks to buy BG Group in the first oil super-merger since early 2000s to extend its global lead in gas production and close the gap with the world's biggest oil major U.S. ExxonMobil.

BG, which is worth $46 billion, said in a statement on Tuesday it was in advanced discussions regarding a possible offer by Shell, whose market capitalization is $202 billion. Exxon is worth $360 billion.

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