Search results for: BG Group

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  • 23 November 2015

    LNG player BG Group informed it has taken a 35 percent holding in Block 12 offshore Cyprus which include the Aphrodite gas discovery.

  • 5 February 2016

    BG Group, the UK-based LNG player being acquired by Shell, reported on Friday a 54 percent decline in its fourth-quarter profit due to a downturn in oil and gas prices. BG’s earnings stood at $423 million in the fourth quarter as compared to $915 million a year earlier. The company’s full-year earnings of $1.7 billion […]

  • 20 January 2016

    British oil and gas company BG Group expects to post full year E&P production volumes at an average of 704 thousand barrels of oil equivalent per day in 2015, around 16% higher than 2014. In its operational update on Wednesday, the company said the growth in production, ahead of guidance of 680-700 kboed, reflected growth primarily in […]

  • 30 April 2014
    Business & Finance

    BG Group plc announces that Peter Backhouse will retire from the Board at the conclusion of the Company’s Annual General Meeting to be held on 15 May 2014. Commenting, BG Group’s Chairman, Andrew Gould said: “On behalf of the Board, I would like to thank Peter for his considerable contribution to BG Group over almost […]

  • 28 April 2014
    Business & Finance

    BG Group today announces the Board has accepted Chris Finlayson’s resignation as Chief Executive and as an Executive Director of the Board with immediate effect, for personal reasons. Until a permanent replacement is appointed, Andrew Gould, BG Group’s Non-Executive Chairman, will take over as interim Executive Chairman. A recruitment process to find an external successor […]

  • 27 January 2016
    Business & Finance

    Royal Dutch Shell’s shareholders have today voted in favour of the recommended combination between Shell and British rival gas producer BG Group Plc. The announcement comes following today’s General Meeting held in The Hague, The Netherlands. “Shell shareholders expressed their support for the recommended combination with BG Group plc by carrying the resolution to approve […]

  • 17 November 2015

    LNG major BG Group said it has joined the World Bank Carbon Pricing Leadership Coalition (CPLC) to collaborate on carbon pricing systems and policies.

  • 11 February 2016

    Oil and gas industry juggernaut Shell has cancelled a multi-billion bridged credit facility, originally meant to be used in support of the Shell’s $50 billion takeover of BG Group. Shell in May 2015 as borrower, entered into a £10.07 billion ($14.5 billion) bridge credit facility agreement with a group of relationship banks in connection with the recommended cash […]

  • 10 March 2014

    BG Group posted a video in which the company’s President for Global LNG and Oil Marketing Steve Hill talks about BG’s unique LNG portfolio model. BG’s customers are supplied from the company’s global portfolio of LNG, with multiple production sources around the world, including Egypt, Trinidad and soon in Australia and the US. The company […]

  • 11 February 2016

    UK’s BG Group has informed that the High Court of Justice in England and Wales has today sanctioned the scheme of arrangement by which the recommended cash and share offer made by Royal Dutch Shell plc to take over BG is being implemented. According to BG Group, it is expected that the effective date of […]

  • 15 August 2014
    Business & Finance

    GasLog Partners LP has entered a deal with GasLog Ltd. to purchase two LNG carriers, the Methane Jane Elizabeth and Methane Rita Andrea, built in 2006, each with a capacity of 145,000 cubic meters, for an aggregate purchase price of USD 328 million. GasLog Partners expects to finance the acquisition with a combination of equity and […]

  • 8 January 2016

    By Ron Bousso and Emiliano Mellino LONDON (Reuters) – Royal Dutch Shell has told investors its purchase of BG can work even if oil prices average $50 a barrel for two years, its lowest estimate to date as it seeks to secure shareholder support for the $51 billion (35 billion pounds) deal amid plunging crude […]

  • 4 April 2011

    BG Group today announced its third Tanzanian gas discovery with the Chaza-1 well, located in Block 1 approximately 18 kilometres offshore southern Tanzania in a water depth of around 950 metres. The discovery is some 200 kilometres south of BG Group’s Pweza and Chewa discoveries, previously announced. The three successful wells so far drilled by […]

  • 30 January 2015
    Business & Finance

    KBR, Inc. has been selected by BG Group as their Global Upstream Alliance Partner. The company says that the six-year contract, includes an option for two two-year extensions, and will provide capability support, services (Pre-FEED and FEED) and project management services across all of BG Group’s Global Upstream Portfolio. “The alliance will provide us with […]

  • 15 December 2010
    Business & Finance

    BG Group today announced a discovery on Block 64/11 offshore China after the Lingshui 22-1-1 exploration well encountered gas-bearing sands. The well, the first drilled by BG Group in China, is in the deepwater Qiongdongnan Basin in the South China Sea, approximately 130 kilometres offshore and in a water depth of 1 338 metres. BG […]

  • 20 January 2016

    Norges Bank Investment Management, a part of Norway’s central bank Norges Bank, responsible for the management of the country’s $825 billion sovereign wealth fund, will vote for the proposed Shell-BG Group merger. The world’s largest sovereign wealth fund, owning shares in both energy companies, on Wednesday said it would vote in favor of the merger […]

  • 23 March 2016
    Project & Tenders

    BG Egypt, a subsidiary of BG Group, a UK company recently taken over by Shell, has reportedly stopped work on some Mediterranean Sea projects, offshore Egypt. According to a Reuters report on Tuesday, which cited an official at the Egyptian General Petroleum Corp (EGPC), the company couldn’t reach a deal with the Egyptian government on the […]

  • 8 January 2016

    Royal Dutch Shell has assured investors its US$70 billion acquisition of BG Group is profitable even if the US$50 per barrel oil price persists for further two years.

  • 27 January 2016

    The Hague-based Royal Dutch Shell on Wednesday revealed its shareholders voted in favor of the merger with BG Group, opening the door for the creation of one of the biggest LNG players in the world.

  • 13 November 2013

    BG Group plc today announced that Martin Houston, Chief Operating Officer (COO) and Executive Director, has stepped down from the Board and Group Executive Committee (GEC) with immediate effect, and will retire from the Group by 31 December 2014.   Sami Iskander, Executive Vice President Operations will now take over the role of Chief Operating Officer, […]

  • 28 September 2012

    BG Group said it has signed an agreement with the Japan Bank for International Cooperation (JBIC) aimed at supporting the long-term supply of liquefied natural gas (LNG) to Japan and creating opportunities for Japanese companies to participate in energy projects around the world. Under the cooperation agreement BG Group will liaise with JBIC, a policy-based […]

  • 4 April 2012

    BG Group announced today the appointment of Catherine Tanna as the Chairman of BG Australia. As Chairman, Ms Tanna will be responsible for BG Group’s key Federal and State relationships in Australia and the Group’s role in significant trade and industry bodies including the Business Council of Australia. She will also ensure that BG Group’s […]