It is the biggest deal in the oil and gas industry in the last decade. Shell has agreed to buy bg group for 70 billion in cash and stock. That represents a premium of 50 on bgs Closing Price yesterday. Shelves ceo told bloomberg the deal is a bargain. Shells ceo. If you look at the combination of the two Companies Come out we could do with the assets the fantastic assets that bg has with our capabilities applied to them, we saw a lot more value in that combination than the market. Stephanie the combined company would surpass chevron as the worlds secondlargest oil and gas producer after exxon mobil and would be able to get rid of overlapping cost to help offset the impact of Lower Oil Prices. The price of oil could fall another 15 if there is a final agreement on a nuclear deal with iran. That is according to the federal agent federal Energy Information administration. Economic sanctions would be eased and that means iran could make a full return to the global oil market. Over in mosco