- Royal Dutch Shell (RDS.A, RDS.B) which is all set to acquire rival BG Group (OTCQX:BRGYY), may cut its capital expenditure for the year by several billion dollars from its previously announced $33B figure, FT reports.
- Shell also told investors that the BG deal works with crude oil at $70 per barrel, citing much greater synergies that will likely be "a multiple" of the $1B in annual projected savings.