Shell to buy BG Group

It's the biggest oil and gas deal in a decade. Shell is buying BG Group in a deal worth £47 billion. The exploration firm is a major player in the North Sea. As well as operating the Armada, Everest and Lomond platforms, they've got interests in fifteen fields. It comes at a tough time for the industry with the fall in the price of oil. In February BG Group announced they were writing down the value of their assets in the North Sea by close to £6 billion.

(picture: North Everest from BG Group)