AGL rejects BG's gas assets Apr 15, 2009
AGL Energy has declined to exercise options to acquire gas fields and a power station in Queensland from Britain's BG Group, pausing in its campaign to bulk up gas reserves. AGL this morning said it would not pursue the acquisitions worth about $1 billion after its buying spree in NSW late last year, when it bought Sydney Gas and assets from Molopo Australia in the Gloucester Basin for close to $500 million. (Sydney Morning Herald -- Business)
Gas executive engaged in insider trading Apr 15, 2009
The court was told Panchal purchased the shares when he had inside information about an $870 million alliance with British-based BG Group. The court was told this information would have affected the value of Queensland Gas shares if it had been publicly available at the time. (Sydney Morning Herald -- Australia)
Falling production to inevitably alter Big Oil's playing field Apr 13, 2009
A new study of the European biggies (BP, Total, Royal Dutch Shell, Statoil, ENI, Repsol, BG Group) by Goldman Sachs tells the story ... The companies with the best production growth outlook between 2008 and 2012 are BG Group, Norway's Statoil and Shell. (Globe and Mail -- Business)
China, Kazakhstan May Agree on $10 Billion Loan for Right to Buy Oil Stake Apr 11, 2009
BG Group Plc, Eni SpA and are among other foreign investors in the countrys oil and gas industry. China is seeking to bolster oil supplies from Kazakhstan, the China National official said. (Bloomberg -- Asia)
Australia Will Consider Every Foreign Mining Deal on Merit, Minister Says Apr 9, 2009
Chevron Corp., Inpex Corp. and BG Group Plc are among companies proposing about A$200 billion of LNG projects in Australia, the Australian Petroleum Production & Exploration Association estimates. The government will address how to aid the expansion of the LNG industry and boost its competitiveness against countries including Qatar, Russia and Nigeria in an Energy White Paper being drawn up by his department, Ferguson said. (Bloomberg -- Australia & New Zealand)
Origin gas project likely to create 5000 jobs Apr 9, 2009
The project has not yet secured a site, but the joint venture's preferred location is Curtis Island, where Britain's BG Group, Santos and Shell have also arranged sites ... BG Group takeovers of Queensland Gas and Pure Energy were valued at $6. (Sydney Morning Herald -- Business)
FTSE 100 Index Declines; HSBC, BHP Billiton, BG Group Lead the Retreat Apr 8, 2009
Declines in the FTSE 100 were led by Hsbc Holdings Plc (Hsba Ln), Bhp Billiton Plc (Blt Ln) and Bg Group Plc (Bg/ Ln). About 22. (Bloomberg -- UK)
Oil boss Frank Chapman bags 11m Apr 5, 2009
FRANK CHAPMAN, the chief executive of BG Group, pocketed 10. 9m in base salary, bonus and shares last year, making him one of the best paid bosses in the FTSE 100. (New York Post -- Business)
Arrow to Purchase Beach's Stake in Gas Venture For as Much as $287 Million Apr 3, 2009
Arrow, outbid for Pure by BG Group Plc last month, is seeking gas reserves to help supply planned liquefied natural gas projects in the central Queensland coastal city of Gladstone. Arrow rose as much as 5. (Bloomberg -- Australia & New Zealand)
Component Changes Made to Dow Jones and Dow Jones STOXX Indexes Apr 2, 2009
In the Dow Jones STOXX 50 Index, Royal Bank of Scotland Group PLC (United Kingdom, Banks, RBS.LN) will be replaced by BG Group PLC (United Kingdom, Oil & Gas, BG.LN). In the Dow Jones STOXX Nordic 30 Index, Swedbank AB (Sweden, Banks, SWED-A.SK) will be replaced by Carlsberg B (Denmark, Food & Beverages, CARL-A.KO). (Primezone Releases)
BG group eyes DLF's wind power biz Apr 1, 2009
BG group eyes DLF's wind power business: Report- Power-Energy-News By Industry-News-The Economic Times ... BG group eyes DLF's wind power business: Report1 Apr 2009, 1034 hrs IST, REUTERS ... MUMBAI: BG Group Plc and Hong Kong-based CLP Group are among suitors for Indian real estate firm DLF Ltd's wind power business, a media report said on Wednesday, citing a person close to the development. (India Times)
Brazil Oil Review Slows With Economy, No Timeline, Petrobras Chief Says Mar 26, 2009
Lula, Lobao and Gabrielli have all said that existing lease contracts owned by Petrobras, Exxon Mobil Corp., BG Group Plc. Galp Energia SGPS SA, Repsol YPF SA and others wouldnt be changed under any new system. (Bloomberg -- Latin America)
BG Group to Get Full Ownership of Pure After Arrow Accepts Takeover Offer Mar 24, 2009
BG Group to Get Full Ownership of Pure After Arrow Accepts Bid - Bloomberg ... BG Group to Get Full Ownership of Pure After Arrow Accepts Bid. (Bloomberg -- Australia & New Zealand)
BG scoops up Pure Energy Mar 24, 2009
Britain's BG Group has secured coal seam gas explorer Pure Energy Resources in a $1 ... BG Group was forced to extend its takeover on Monday by two weeks to April 6 as it awaited a decision from Arrow Energy on its Pure Energy stake ... Arrow Energy's Singapore-based chief executive Nick Davies said more value could be achieved for its shareholders by accepting BG Group's offer and investing the funds elsewhere. (Sydney Morning Herald -- Business)
BP, Shell eye Santos Mar 24, 2009
With global companies including Britain's BG Group, U.S. ConocoPhillips and Malaysia's Petronas having invested billions into Australia's coal seam gas sector with hopes of lucrative exports, analysts say a weakened Australian dollar could help competitors such as Shell to snatch up Santos. "The Australian dollar has also weakened by about 30 per cent from its peak so Santos is looking a lot cheaper now," said Andrew Williams, an energy analyst at Credit Suisse. (India Times)
FTSE up 2 percent in early trade Mar 23, 2009
Reuters Published: March 23, 2009. The top share index rose 2 percent early on Monday, with financials bolstered by a U.S. plan to purge banks of up to $1 trillion (684. (International Herald Tribune -- Sports)
Australian Coal-Seam Gas Output Jumps 39% on Queensland Fields, Group Says Mar 20, 2009
BG Group Plc, Malaysias. and ConocoPhillips all bought stakes in coal-seam gas ventures in Queensland last year, with the aim of using the fuel for export ventures. (Bloomberg -- Australia & New Zealand)
Europe stocks turn negative after jobs data Mar 18, 2009
BG Group, Royal Dutch Shell and Total were down 0. 7-2. (International Herald Tribune -- Business)
Arrow Lets Bid for Pure Close Without Winning Control in Contest With BG Mar 16, 2009
March 16 (Bloomberg) -- , the Australian coal-seam gas producer whose bid for Pure Energy Resources Ltd. was topped by BG Group Plc, let its offer expire after failing to gain majority control. The offer closed March 13, leaving Arrow with a 20. (Bloomberg -- Australia & New Zealand)
FTSE 100 seen opening higher Mar 16, 2009
Reuters Published: March 16, 2009. The FTSE 100 is seen opening 18 to 30 points higher on Monday, or as much as 0. (International Herald Tribune)
BG closes in on Pure after Arrow lets bid lapse Mar 16, 2009
BG Group has moved closer to buying coal seam gas producer Pure Energy Resources for $1. 03 billion after rival bidder Arrow Energy decided to let its offer lapse. (Sydney Morning Herald -- Business)
Santos, Woodside LNG Plans Risk Delays as Gorgon Proceeds, JPMorgan Says Mar 13, 2009
Japans largest oil explorer, and BG Group Plc are among rivals seeking to start up LNG units in Australia by 2015. We have never believed that all of the proposed LNG projects could go ahead in the targeted timeframe, but we see the window of tight supply becoming shorter, and the number of projects that can proceed in a timely fashion is reducing, the analysts said in the report. (Bloomberg -- Australia & New Zealand)
FTSE falls in early trade on commodities Mar 12, 2009
Oil producers were another standout losing sector, with BP , Royal Dutch Shell , BG Group and Cairn Energy losing 0. 3 percent to 1. (International Herald Tribune -- Sports)
FTSE down 1.1 percent in early trade Mar 11, 2009
1 percent in early trade - International Herald Tribune. 1 percent in early trade. (International Herald Tribune -- Business)
Canadian Superior seeks bankruptcy protection Mar 6, 2009
However, the company is also embroiled in a dispute with British natural gas company BG Group PLC, one of its joint venture partners in the Trinidad and Tobago project. BG Group obtained a court order last month appointing Deloitte as a receiver over the Superior's promising offshore exploration block east of Trinidad. (Globe and Mail)
Arrow Energy keeps the white flag under wraps Mar 4, 2009
IN A curious twist in the takeover battle for Pure Energy, Arrow Energy continues to stall despite its joint venture partner and the target's directors agreeing to sell their stake to Britain's BG Group. Arrow's partner, Shell, said on Tuesday that it would sell its 11 per cent stake in Pure to BG for $8 a share, taking BG's stake in Pure to 40 per cent.. (Sydney Morning Herald -- Business)
Australia's Stocks: ANZ, Asciano, GPT, Mirabela Nickel, Murchison Metals Mar 4, 2009
53 on speculation it will drop its bid for Pure Energy Resources Ltd. and follow Shell in accepting BG Group Plcs rival offer. (AIO AU) slumped 17 percent to 52 cents, the sharpest decline since Nov. 11. (Bloomberg -- Australia & New Zealand)
Arrow Shares Rise Amid Speculation Company Will Drop Bid for Pure Energy Mar 4, 2009
March 4 (Bloomberg) -- , Royal Dutch Shell Plcs partner in coal-seam gas, gained the most in three weeks on speculation it will drop its bid for Pure Energy Resources Ltd. and follow Shell in accepting BG Group Plcs rival offer. The Brisbane-based company as much as 6. (Bloomberg -- Australia & New Zealand)
Shell Intends to Accept BG Offer for Pure Shares in Absence of Higher Bid Mar 3, 2009
March 3 (Bloomberg) -- said it intends to accept BG Group Plcs takeover offer for its stake in , taking BG closer to winning control of the Australian coal-seam gas explorer. Shell will accept BGs cash bid for its 11. (Bloomberg -- Australia & New Zealand)
FTSE tumbles 3.6 percent early on HSBC and commodities Mar 2, 2009
BP , Royal Dutch Shell , BG Group , Cairn Energy and Tullow Oil sagged 2. 6 to 3. (International Herald Tribune -- Health)
OZ shares plunge as debt spooks investors Feb 26, 2009
Arrow Energy looks set to bow out of the bidding war over Pure Energy, after its much larger rival, Britain's BG Group, gained the support of the target's board. Last night was the last chance for Arrow to raise its bid before Pure directors and major shareholders - who hold a 20 per cent stake - sold into BG's bid of $8 a share. (Sydney Morning Herald -- Business)
Banks and insurers pull FTSE up 2.5 percent after results Feb 26, 2009
This may stem the decay but the prospect of 100 percent state ownership is still with us," Slaney added. Lloyds Banking Group , which releases full-year results on Friday and will also unveil plans to participate in the government's asset scheme, took on 21.8 percent, while Barclays added 9.6 percent, HSBC firmed 7.1 percent and Standard Chartered was up 2.3 percent. Insurers found support, with RSA Insurance gaining 9.6 percent after it posted a 7 percent rise in its 2008 operating profit,... (International Herald Tribune -- Health)
LNG Ltd. Sees Queensland Project Approval End-2009 After Golar Stake Sale Feb 23, 2009
Arrow is bidding against BG Group Plc for , a coal-seam gas explorer in Queensland, as it seeks to build reserves for LNG supply projects. It may also supply gas extracted from coal seams to an LNG venture being studied by Shell in Gladstone, , chief executive officer of Arrows Australian business, said earlier this month. (Bloomberg -- Australia & New Zealand)
Centrica set to report bumper 2... Feb 22, 2009
Jenny - to your point, the British Gas owned by Centrica is different to the BG Group that bought Queensland Gas and in the process of trying to Pure Energy. BG Group was spun out of Centrica ages ago. (New York Post -- Business)
Need to know: Carlsberg cut costs... Feb 19, 2009
BG Group: The London-listed oil and gas group saw its A$995 million (445. 7 million) offer for Pure Energy, the Australian coal-seam gas producer, gain board support. (New York Post -- Business)
Need to know: Ryanair in $7bn tal... Feb 18, 2009
BG Group: The London-listed oil and gas company, based in Berkshire, has raised its offer for Pure Energy, the Australian coal seam gas group, by 25 per cent to nearly 452. 4 million, launching a potential bidding war with Royal Dutch Shell, its rival. (New York Post -- Business)
Pure Energy accepts BG's near $1bn bid Feb 18, 2009
Coal seam gas (CSG) explorer Pure Energy Resources Ltd has accepted a revised $995 million takeover offer from UK energy company BG Group plc. The offer trumps Arrow Energy Ltd's sweetened $890 million rival bid. (Sydney Morning Herald -- Business)
Canadian Superior faces debt woes, shareholder revolt Feb 18, 2009
Alberta Court of Queen's Bench agreed last week to appoint Deloitte as receiver to control Canadian Superior's share of exploration Block 5 (c), at the request of BG Group PLC.. Canadian Superior owns 45 per cent of the partnership, and has been the operator, while BG owns 30 per cent and Calgary-based junior Challenger Energy Corp. holds the remaining 25 per cent.. (Globe and Mail -- Business)
BG fends off Arrow by upping its Pure offer to A$995m Feb 18, 2009
BG Group has upped its offer for Pure Energy Resources to A$995m (445m) in an attempt to fend off sweetened proposals from its rival Arrow Energy ... BG Group says it does not need Pure to justify its planned investments in LNG, but that the deal makes sense because Pure s reserves lie alongside those of Queensland Gas Company (QGC), bought by BG for A$5. (Independent)
FTSE slides as grim outlook dents miners and energy Feb 18, 2009
Royal Dutch Shell , BG Group , Cairn Energy and Tullow Oil were down between 0. 2 and 2. (International Herald Tribune -- Sports)
BG steps up bidding war for Pure Energy Feb 17, 2009
Frank Chapman, chief executive of BG Group, is making his third attempt at an acquisition in Florida ... BG Group of Britain on Tuesday raised its bid for Pure Energy, an Australian coal-seam gas company, by 25 percent to nearly $650 million, trumping a rival offer by Royal Dutch Shell's Australian partner, Arrow Energy. (International Herald Tribune -- Business)
Pure Energy mulls $995m BG Group offer Feb 17, 2009
Coal seam gas (CSG) explorer Pure Energy Resources Ltd is mulling over a revised, near $1 billion takeover offer by UK energy company BG Group plc and appears to have shied away from a lower bid by Arrow Energy Ltd.. Shares in Pure Energy jumped 88 cents, or 11. (Ninemsn)
Australian sharemarket down as banks decline Feb 17, 2009
36 after BG Group sweetened its bid for the coal-seam gas producer to $8 cash a share, trumping Arrow Energy s recently increased bid of $3 and 1. 57 of its shares per Pure share. (The Australian)
Commods pull FTSE down 1 percent Feb 17, 2009
Reuters Published: February 17, 2009. The top share index fell 1. (International Herald Tribune -- Sports)
BG ups bid for Pure Energy by 25 percent to trump rival Feb 17, 2009
BG Group raised its bid for Australian coal seam gas firm Pure Energy by 25 percent to nearly $650 million (458 million pounds), trumping a rival offer by Royal Dutch Shell's Australian partner Arrow Energy. Shares in Pure jumped 12 percent, suggesting that some investors were expecting a higher offer to emerge. (International Herald Tribune)
Big oil must start work fast in Iraq or lose deals Feb 15, 2009
The four that dropped out were Anadarko Petroleum , BG Group , Premier Oil , and BASF unit Wintershall, Ameedi said. Turkey's state-owned Turkish Petroleum Corp had been added to the list of companies qualified to bid, but as a member of a consortium rather than an operator, he said. (International Herald Tribune)
FTSE higher as U.S. mortgage plans buoy markets Feb 13, 2009
5 percent respectively while BG Group added 1. 3 percent. (International Herald Tribune -- Travel)
Pure Energy Shares Rise After Arrow Increases Bid, Topping Offer From BG Feb 12, 2009
4 percent to a record close in Sydney trading after Arrow Energy Ltd. raised its offer for the Australian coal-seam gas explorer, topping a bid from BG Group Plc. Pure 63 cents to A$7. (Bloomberg -- Australia & New Zealand)
Shell plans gas export facility in Queensland Feb 12, 2009
News of Shell's plans came just hours after its joint venture partner in Australia, Arrow Energy, trumped a BG Group takeover bid for CSG minnow Pure Energy Resources ... 02 per Pure share, in a sign BG Group isn't done with Pure just yet. (The Australian)
FTSE down 1.5 percent as results storm dominates Feb 12, 2009
Heavyweight oil issues were the biggest drag on the FTSE 100, with BP, Royal Dutch Shell, and BG Group losing between 0. 4 and 1. (International Herald Tribune -- Sports)
Shell flexes muscle behind Arrow Feb 12, 2009
It came a day after Shell's joint-venture partner, Arrow Energy, had increased its bid for the junior explorer Pure to $890 million following a hostile bid of $796 million from Britain's BG Group on Monday ... 35 as investors bet BG Group would trump Arrow's revised offer of $3 cash and 1. (Sydney Morning Herald -- Business)
Anadarko returns leases in Jacob's Ladder Feb 12, 2009
The company eventually brought BG Group and Arctic Slope Regional Corp. on board as minority partners before starting a drilling program. Anadarko began drilling a well in early 2007 and finished it last winter. (Anchorage Daily News)
Pure Energy recommends Arrow bid Feb 11, 2009
4 million, trumping UK-based BG Group plc's $796 million bid launched on Tuesday. BG Group is offering $6 ... BG Group unsuccessfully attempted to takeover energy producer and retailer Origin Energy Ltd last year for $13 billion in a bid to increase its CSG portfolio. (Sydney Morning Herald -- Business)
FTSE slides ahead of U.S. bank plan and stimulus news Feb 10, 2009
BP , Royal Dutch Shell BG Group and Tullow Oil fell between 1. 4 and 2. (International Herald Tribune -- Health)
British company launches hostile bid for Pure Energy Resources Feb 10, 2009
British gas company BG Group has launched a $796 million hostile bid for a Queensland coal seam gas exploration company that is already the subject of a friendly takeover ... The BG Group says its offer of $6. (ABC Online)
FTSE seen opening down Feb 9, 2009
Reuters Published: February 9, 2009. The FTSE 100 is seen opening down as much as 0. (International Herald Tribune -- Business)
BG Group offers $538 million for Pure Energy Feb 9, 2009
BG Group of Britain has offered 796 million Australian dollars, or $538 million, for Pure Energy of Australia, trumping a bid by Arrow Energy, in the latest deal in the Australian coal seam gas sector as companies seek to boost their gas reserves ... "BG Group's offer gives Pure shareholders the certainty of cash at a time of heightened uncertainty in world equity and financial markets," BG said in a statement. (International Herald Tribune -- Business)
BG offers bid for Pure Energy Feb 8, 2009
BG Group has offered A$796 million (364 ... "BG Group's offer gives Pure shareholders the certainty of cash at a time of heightened uncertainty in world equity and financial markets," BG said in a statement. (International Herald Tribune)
ASIC allows Fysh access to broking funds Feb 8, 2009
A FORMER BG Group executive under investigation by the corporate watchdog for insider trading has been given the green light to withdraw $200,000 from a broking account frozen by the corporate regulator. The British-based Stuart Fysh had attempted to access the part of the $1. (Sydney Morning Herald -- Business)
