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Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands
Royal Dutch Shell Plc, the oil company that spent more than $50 billion to buy natural-gas producer BG Group Plc, is looking to expand demand for the fuel in transport to ensure its output is consumed.
8:00 PM EST | July 10, 2017
Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals
The Tanzanian government submitted three bills to parliament on that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors.
8:00 PM EST | June 28, 2017
Despite Cuts, Big Oil to Expand Production into the 2020s
Overall production at the world's seven largest oil and gas companies is set to rise by around nine percent between 2015 and 2018 in spite of lower crude prices and spending cuts.
8:00 PM EST | September 04, 2016
Sound Energy Appoints Ex-BG Exploration Lead
Sound Energy plc appoints Brian Mitchener as the company's executive vice president of exploration.
8:00 PM EST | August 23, 2016
Shell Misses Expectations As Earnings Plunge On Oil, BG Costs
Royal Dutch Shell missed quarterly profit expectations by more than $1 billion after reporting a 72% plunge in earnings due to weak oil prices and high costs following its $54 billion takeover of BG Group.
8:00 PM EST | July 27, 2016
BG Houston Office to Close; Lay Off 154 Workers
After taking over BG, Shell has announced it will close BG's Houston office and lay off 154 employees.
8:00 PM EST | July 10, 2016
First Post-BG Shell Update Likely to be 'Short on Specifics'
Shell's first strategic update after its $55 billion acquisition of BG Group "is likely to be long on thematics and short on specifics," according to oil and gas analysts at Jefferies.
8:00 PM EST | June 02, 2016
Shell Said to Start Talks With Buyers for North Sea Asset Sales
Royal Dutch Shell is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group, according to people familiar with the matter.
8:00 PM EST | May 18, 2016
New North Sea Beckons Oil Producers Off Canada’s East Coast
A change to an obscure shipping law is helping draw major oil companies to an area off Canada’s east coast that may rival the North Sea for its production potential.
8:00 PM EST | May 12, 2016
Shell To Close BG Head Quarters Near London By Year End
Shell will close the head office of BG Group, the gas producer it agreed to acquire for $50 billion in February, by the end of the year.
8:00 PM EST | April 24, 2016
ONGC to Use PMT JV's Abandoned Facilities for Daman Project Offshore India
ONGC will use some facilities abandoned by the Panna-Mutka-Tapti joint venture for the Daman Development Project offshore India's west coast.
8:00 PM EST | April 14, 2016
Reliance, BG to Hand over Some Indian Drilling Assets to ONGC
A joint venture led by India's Reliance Industries and BG Group has agreed to hand drilling infrastructure from an abandoned gas field to ONGC Ltd.
8:00 PM EST | April 12, 2016
Shell CEO Says May Sell Some North Sea Assets to Improve Portfolio
Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, according to its CEO Ben van Beurden.
8:00 PM EST | April 11, 2016
Shell Under Pressure to Reduce Spending
Royal Dutch Shell is under pressure from shareholders to cut annual spending below $30 billion, after buying BG Group, to ensure it can maintain its dividend given the slow oil price recovery.
8:00 PM EST | April 07, 2016
Lukoil: Kazakhstan Files $1.6B Claim Against BG-Eni Venture
Kazakhstan files a $1.6 billion claim against a group led by BG Group Plc and Eni SpA which is developing the Karachaganak gas condensate field.
8:00 PM EST | April 04, 2016
Shell, BG Merger: Now the Hard Work Begins
Shell's merger with BG Group works at an average medium-term oil price of $50 per barrel, the firm says, but it will need to defend its newfound LNG leadership and keep momentum going in Brazil.
8:00 PM EST | March 14, 2016
Shell Pursues Transition Plan After Sealing $53B BG Deal
Shell seals its $53-billion acquisition of UK rival BG Group to form the world's largest liquefied natural gas company.
7:00 PM EST | February 14, 2016
As Big Oil Shrinks, Boards Plot Different Paths Out Of Crisis
As oil and gas companies cut deeper, boards adopt contrasting strategies to lead them out of the crisis.
7:00 PM EST | February 08, 2016
BG Group's Earnings Drop
BG Group's upstream business posts earnings of $4.1 billion at the EBITDA level in 2015, marking a 35 percent decrease from 2014.
7:00 PM EST | February 04, 2016
Petro Matad, BG Delay Mongolia Drilling
Petro Matad Limited and BG Group delay their drilling program in Mongolia's Block V.
7:00 PM EST | February 02, 2016
Oil, Gas Industry Calls for Increased Collaboration amid Low Oil Price
Major players in the oil and gas industry are pushing for more industry collaboration amid the continuing low oil price.
7:00 PM EST | January 31, 2016
Tanzania Finalizes Land Deal For Delayed LNG Project
Tanzania says it had finalized a land acquisition for the site of a planned liquefied natural gas (LNG) plant and was now working to compensate and resettle villagers to move forward on a long-delayed project.
7:00 PM EST | January 28, 2016
BG Shareholders Give Shell's $52B Acquisition Final Nod
BG Group shareholders overwhelmingly approved Royal Dutch Shell's $52 billion takeover on Thursday, clearing the way for the two firms to create the world's biggest trader of liquefied natural gas (LNG).
7:00 PM EST | January 27, 2016
Shell Wins Investor Approval to Buy BG, Sealing Biggest Deal
More than 83 percent of Shell shareholders voted in favor of the transaction.
7:00 PM EST | January 26, 2016
Merger Will See 10,000 Jobs Cut at Shell, BG
Shell's proposed takeover of BG will be completed "in a matter of weeks", according to CEO Ben van Beurden, resulting in the reduction of a total of 10,000 workers across both companies.
7:00 PM EST | January 19, 2016
Shell's BG Bid Dealt Blow With First Shareholder Dissent
Shell's bid to acquire BG Group was dealt a blow when a first major shareholder said it would vote against the $49 billion deal.
7:00 PM EST | January 07, 2016
Sources: Shell Sees BG Deal Working With Oil at $50 for Two Years
Royal Dutch Shell tells investors its purchase of BG can work even if oil prices average $50 a barrel for two years.
7:00 PM EST | January 06, 2016
WoodMac: Oil, Gas M&A Deal Flow to Ramp up in 2016
A new Wood Mackenzie report suggests that merger and acquisition activity in the upstream oil and gas sector will ramp up this year regardless of what happens to the oil price.
7:00 PM EST | January 05, 2016
Cheniere Starts Producing at Shale Gas Export Terminal, ING Says
Cheniere Energy began production at what will become the first terminal to export natural gas from America's shale formations, according to ING Capital LLC, which helped finance the project.
7:00 PM EST | December 30, 2015
Shell Plans to Complete BG Merger by Feb. 15, Cuts Spending Plan
Shell said the addition of the BG business, especially its offshore oil production in Brazil and LNG facilities in Australia, will offer $3.5 billion of cost savings.
7:00 PM EST | December 21, 2015
Shell, BG Shareholders To Vote On Merger In January
Shell and BG Group shareholders are expected to vote on the merger of the two companies on Jan. 27 and 28, respectively.
7:00 PM EST | December 20, 2015
BG Group Receives Lake Charles LNG Project Approval from FERC
BG Group receives approval from FERC to construct and operate a natural gas liquefaction and export facility at the Lake Charles LNG export project, situated in Louisiana.
7:00 PM EST | December 17, 2015
Shell Confirms 2,800 Job Cuts after BG Merger Gets Final Clearance
Shell's proposed merger with BG Group receives unconditional clearance from the Chinese Ministry of Commerce, marking the final pre-conditional approval required for the deal.
7:00 PM EST | December 13, 2015
Shell Wins Final Australian Nod for $70B Takeover of BG Group
Shell wins approval from Australia's Foreign Investment Review Board for the company's proposed $70 billion takeover of BG, leaving China as the last regulatory hurdle to the deal.
7:00 PM EST | December 02, 2015
BG: QCLNG Train 2 Commercial Operations Begin
BG Group announces that commercial operations have begun from the second train at the Queensland Curtis LNG (QCLNG) plant.
7:00 PM EST | November 24, 2015
BG Group Buys a 35% Stake in Cyprus's Aphrodite Gas Field
BG Group secures a 35% holding in the Aphrodite gas field, which was discovered offshore Cyprus in 2011.
7:00 PM EST | November 22, 2015
Shell-BG Merger Takes Another Step Forward After Securing ACCC Clearance
Shell's proposed acquisition of BG takes another step forward after getting clearance from the Australian Competition and Consumer Commission.
7:00 PM EST | November 18, 2015
Oil Dealmakers Find Slim Pickings Among Premium-Priced Explorers
Wannabe dealmakers in the oil industry are stymied by a fundamental problem: there's a mismatch between the price of crude and the value of companies.
7:00 PM EST | November 15, 2015
QGC, Partners Invest $1.2B to Boost Gas Output in Australia's QCLNG Project
QGC and joint venture partners invest $1.2 billion to boost gas production for the Queensland Curtis liquefied natural gas project in Australia.
7:00 PM EST | November 15, 2015
Shell Reorganizes as it Plans for 'Prolonged Downturn'
Shell reorganizes its upstream operation as it plans for a prolonged downturn due to low oil prices
7:00 PM EST | November 02, 2015
European Energy Execs See Bleak Market Outlook Persisting
The outlook for oil and natural gas markets remains bleak for the rest of the year and much of 2016, executives from two European energy majors say.
8:00 PM EST | October 29, 2015
BG Group Earnings Down, Production Up
BG Group plc's EBITDA decreases 37% year on year, while full year production guidance increases to between 680,000 and 700,000 barrels of oil per day.
8:00 PM EST | October 29, 2015
Australia Defers Decision On Shell's BG Bid By A Week To Nov 19
Australia's competition watchdog says it has postponed a final decision on Shell's $70 billion takeover of BG by a week to Nov. 19, following an earlier deferral in September.
8:00 PM EST | October 21, 2015
OGCI Pledges to Further Reduce Greenhouse Gas Emissions
The OGCI pledges to further reduce greenhouse gas emissions in an attempt to limit global average temperature rise to two degrees centigrade.
8:00 PM EST | October 15, 2015
Zeta Petroleum CEO Steps Down
Andy Morrison steps down as Zeta Petroleum's chief executive in order to pursue "other business interests".
8:00 PM EST | October 13, 2015
Total CEO Says Oil Chiefs to Meet Next Week on Climate, Carbon Pricing
Total Chief Executive Patrick Pouyanne says eight global oil firms will meet in Paris next week to discuss climate change and carbon pricing.
8:00 PM EST | October 06, 2015
Magma Global Secures Funding to Support Growth Plans
Magma Global raises $60 million from Strategic Investment Capital Partners, and existing investors, to support its growth plans.
8:00 PM EST | October 04, 2015
BG Acquires Repsol's Newfoundland Interests
BG Group acquires 3 non-operated positions offshore Newfoundland, Canada, from Repsol.
8:00 PM EST | September 27, 2015
Sound Oil Makes Board Changes
Sound Oil appoints 2 new non-executive directors following the resignation of Andrew Hockey and Gerry Orbell.
8:00 PM EST | September 27, 2015
Shutdown at North Sea Buzzard Oilfield Likely to be Moved to November
A planned shutdown of the UK North Sea's Buzzard oilfield is likely to be rescheduled to November from October, according to an industry source.
8:00 PM EST | September 22, 2015