The halving of the oil price could herald a rash of mergers and acquisitions in the energy sector
Helge Lund is one lucky man. The new chief executive of BG only arrived in February, and within a month its chairman received a call from Royal Dutch Shell. The message was that Shell wanted BG, so were they interested?
They certainly were. And the good news for Lund was that his pay package is linked to how well BG’s share price performs. It is up 40% thanks to the Shell bid. Lund is likely to pick up £25m for being in the right place at the right time. Kerching!