by Reuters| Monday, July 20, 2015
(Reuters) – Royal Dutch Shell, which is all set to acquire rival BG Group Plc, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reported on Sunday, citing sources.
A substantial cut to this year’s capital investment might be outlined during the company’s interim results on July 30, the newspaper said.(http://on.ft.com/1fVVwqU).
The paper said the Anglo-Dutch energy company had also told investors that the BG deal works with crude oil at $70 per barrel, citing much greater synergies which will likely exceed several billions, the business daily said.
The company told investors that “value synergies” are likely to be “a multiple” of $1 billion in annual projected savings from merging head offices and other cost-cutting, the FT said.
Shell, which is betting on crude rising to $90 a barrel by 2020, a key assumption in its move to buy rival BG Group, said it expects oil prices to recover gradually over the next five years.
Shell and BG Group could not be reached immediately for comments outside regular business hours.
Copyright 2015 Thomson Reuters
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
