Oil company says doubling cost savings will help make deal to be completed next year work in face of low price per barrel
Shell has sought to reassure shareholders about its blockbuster takeover of BG Group by announcing an extra $1bn (£650m) of cost savings aimed at making the $70bn deal work in the face of persistently low oil prices.
The Anglo-Dutch oil group said on Tuesday that a doubling of cost cuts to $2bn would increase total savings from the takeover by 40% to $3.5bn. Shell said it was on track to complete the acquisition by early next year as planned.