BG Group Company News
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Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands
Tuesday, July 11, 2017 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.
Tanzania Laws Would Allow Govt to Tear Up Mining, Energy Deals
Thursday, June 29, 2017 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.
Despite Cuts, Big Oil to Expand Production into the 2020s
Monday, September 05, 2016 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.
Sound Energy Appoints Ex-BG Exploration Lead
Wednesday, August 24, 2016 Sound Energy plc appoints Brian Mitchener as the company's executive vice president of exploration.
Shell Misses Expectations As Earnings Plunge On Oil, BG Costs
Thursday, July 28, 2016 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.
BG Houston Office to Close; Lay Off 154 Workers
Monday, July 11, 2016 After taking over BG, Shell has announced it will close BG's Houston office and lay off 154 employees.
First Post-BG Shell Update Likely to be 'Short on Specifics'
Friday, June 03, 2016 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.
Shell Said to Start Talks With Buyers for North Sea Asset Sales
Thursday, May 19, 2016 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.
New North Sea Beckons Oil Producers Off Canada’s East Coast
Friday, May 13, 2016 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.
Shell To Close BG Head Quarters Near London By Year End
Monday, April 25, 2016 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.
ONGC to Use PMT JV's Abandoned Facilities for Daman Project Offshore India
Friday, April 15, 2016 ONGC will use some facilities abandoned by the Panna-Mutka-Tapti joint venture for the Daman Development Project offshore India's west coast.
Reliance, BG to Hand over Some Indian Drilling Assets to ONGC
Wednesday, April 13, 2016 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.
Shell CEO Says May Sell Some North Sea Assets to Improve Portfolio
Tuesday, April 12, 2016 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.
Shell Under Pressure to Reduce Spending
Friday, April 08, 2016 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.
Lukoil: Kazakhstan Files $1.6B Claim Against BG-Eni Venture
Tuesday, April 05, 2016 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.
Shell, BG Merger: Now the Hard Work Begins
Tuesday, March 15, 2016 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.
Shell Pursues Transition Plan After Sealing $53B BG Deal
Monday, February 15, 2016 Shell seals its $53-billion acquisition of UK rival BG Group to form the world's largest liquefied natural gas company.
As Big Oil Shrinks, Boards Plot Different Paths Out Of Crisis
Tuesday, February 09, 2016 As oil and gas companies cut deeper, boards adopt contrasting strategies to lead them out of the crisis.
BG Group's Earnings Drop
Friday, February 05, 2016 BG Group's upstream business posts earnings of $4.1 billion at the EBITDA level in 2015, marking a 35 percent decrease from 2014.
Petro Matad, BG Delay Mongolia Drilling
Wednesday, February 03, 2016 Petro Matad Limited and BG Group delay their drilling program in Mongolia's Block V.
Oil, Gas Industry Calls for Increased Collaboration amid Low Oil Price
Monday, February 01, 2016 Major players in the oil and gas industry are pushing for more industry collaboration amid the continuing low oil price.
Tanzania Finalizes Land Deal For Delayed LNG Project
Friday, January 29, 2016 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.
BG Shareholders Give Shell's $52B Acquisition Final Nod
Thursday, January 28, 2016 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).
Shell Wins Investor Approval to Buy BG, Sealing Biggest Deal
Wednesday, January 27, 2016 More than 83 percent of Shell shareholders voted in favor of the transaction.
Merger Will See 10,000 Jobs Cut at Shell, BG
Wednesday, January 20, 2016 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.
Shell's BG Bid Dealt Blow With First Shareholder Dissent
Friday, January 08, 2016 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.
Sources: Shell Sees BG Deal Working With Oil at $50 for Two Years
Thursday, January 07, 2016 Royal Dutch Shell tells investors its purchase of BG can work even if oil prices average $50 a barrel for two years.
WoodMac: Oil, Gas M&A Deal Flow to Ramp up in 2016
Wednesday, January 06, 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.
Cheniere Starts Producing at Shale Gas Export Terminal, ING Says
Thursday, December 31, 2015 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.
Shell Plans to Complete BG Merger by Feb. 15, Cuts Spending Plan
Tuesday, December 22, 2015 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.
Shell, BG Shareholders To Vote On Merger In January
Monday, December 21, 2015 Shell and BG Group shareholders are expected to vote on the merger of the two companies on Jan. 27 and 28, respectively.
BG Group Receives Lake Charles LNG Project Approval from FERC
Friday, December 18, 2015 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.
Shell Confirms 2,800 Job Cuts after BG Merger Gets Final Clearance
Monday, December 14, 2015 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.
Shell Wins Final Australian Nod for $70B Takeover of BG Group
Thursday, December 03, 2015 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.
BG: QCLNG Train 2 Commercial Operations Begin
Wednesday, November 25, 2015 BG Group announces that commercial operations have begun from the second train at the Queensland Curtis LNG (QCLNG) plant.
BG Group Buys a 35% Stake in Cyprus's Aphrodite Gas Field
Monday, November 23, 2015 BG Group secures a 35% holding in the Aphrodite gas field, which was discovered offshore Cyprus in 2011.
Shell-BG Merger Takes Another Step Forward After Securing ACCC Clearance
Thursday, November 19, 2015 Shell's proposed acquisition of BG takes another step forward after getting clearance from the Australian Competition and Consumer Commission.
Oil Dealmakers Find Slim Pickings Among Premium-Priced Explorers
Monday, November 16, 2015 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.
QGC, Partners Invest $1.2B to Boost Gas Output in Australia's QCLNG Project
Monday, November 16, 2015 QGC and joint venture partners invest $1.2 billion to boost gas production for the Queensland Curtis liquefied natural gas project in Australia.
Shell Reorganizes as it Plans for 'Prolonged Downturn'
Tuesday, November 03, 2015 Shell reorganizes its upstream operation as it plans for a prolonged downturn due to low oil prices
European Energy Execs See Bleak Market Outlook Persisting
Friday, October 30, 2015 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.
BG Group Earnings Down, Production Up
Friday, October 30, 2015 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.
Australia Defers Decision On Shell's BG Bid By A Week To Nov 19
Thursday, October 22, 2015 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.
OGCI Pledges to Further Reduce Greenhouse Gas Emissions
Friday, October 16, 2015 The OGCI pledges to further reduce greenhouse gas emissions in an attempt to limit global average temperature rise to two degrees centigrade.
Zeta Petroleum CEO Steps Down
Wednesday, October 14, 2015 Andy Morrison steps down as Zeta Petroleum's chief executive in order to pursue "other business interests".
Total CEO Says Oil Chiefs to Meet Next Week on Climate, Carbon Pricing
Wednesday, October 07, 2015 Total Chief Executive Patrick Pouyanne says eight global oil firms will meet in Paris next week to discuss climate change and carbon pricing.
Magma Global Secures Funding to Support Growth Plans
Monday, October 05, 2015 Magma Global raises $60 million from Strategic Investment Capital Partners, and existing investors, to support its growth plans.
BG Acquires Repsol's Newfoundland Interests
Monday, September 28, 2015 BG Group acquires 3 non-operated positions offshore Newfoundland, Canada, from Repsol.
Sound Oil Makes Board Changes
Monday, September 28, 2015 Sound Oil appoints 2 new non-executive directors following the resignation of Andrew Hockey and Gerry Orbell.
Shutdown at North Sea Buzzard Oilfield Likely to be Moved to November
Wednesday, September 23, 2015 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.