Shell’s billion-dollar ambitions in arctic waters off the coast of Alaska in stark contract to industry Shell’s grab of energy giant BG Group and a legal victory for frontier work offshore Alaska leaves rivals in the dust, though environmentalist are unimpressed. The board of directors at Shell and BG group issued a joint statement last week saying they’ve reached an agreement for the Dutch acquisition of its British rival . A weekend editorial from The Telegraph newspaper in London said the grab is an “audacious” move in a “new wave of oil industry consolidation” that’s greeted a slump in oil prices that’s lasted nearly a year. The deal, valued at around $70 billion, is among the largest acquisitions since the Exxon Mobil merger was completed in 1999. For Shell, the acquisition may move the Dutch supermajor into the “pole position” […]