LNG boom to make Australia 'Middle East of gas' Aug 30, 2009
Shell plans a CSG plant in Queensland expected to produce up to 16 million tonnes of LNG a year, with other energy giants such as Britain's BG Group, ConocoPhillips, and Malaysia's Petronas also developing projects in the area. Despite the proliferation of LNG schemes, ELlieu head of research Ivor Ries said there was sufficient demand from Asia. (Sydney Morning Herald -- World)
Emerging-Market Stocks, Bonds Rise on Investor Confidence, Commodities Aug 25, 2009
7 percent after BG Group Plc failed to find hydrocarbons at its Corcovado-2 well, a concession partially owned by Petrobras. Oil, the biggest export from Mexico and Colombia, rose 0. (Bloomberg -- Latin America)
Brazilian Stocks Gain on Commodity Rally, Economic Outlook; Bolsa Retreats Aug 25, 2009
7 percent, limiting gains in the Bovespa index, after BG Group Plc failed to find hydrocarbons at its Corcovado-2 well, a concession partially owned by the Brazilian state-controlled oil company known as Petrobras. Commodities and equity markets will probably keep surpassing recent highs, whether they have a short-term pullback, the trend is still upward, said , director of Rio de Janeiro-based Agora Corretora, Brazils second-biggest brokerage. (Bloomberg -- Latin America)
BG Egypt: Off shore field produces its first gas Aug 10, 2009
CAIRO: The British gas firm BG Group in Egypt says it has started pumping gas from its Sequoia subsea development, part of its offshore Nile Delta gas-producing area, 90 kilometers from the Mediterranean coast ... The London-based BG Group PLC is is active in 27 countries on five continents. (The Star Online, Malaysia -- Business)
Age of nationalisation over: Deora Aug 7, 2009
20 per mmBtu fixed by the EGoM was lower than the rates charged by others like UKs BG Group and Cairn India. In his opening remarks, Mr Deora said that the government was considering the possibility of a uniform domestic price for natural gas, which is now sold at rates ranging from $1 to $5. (India Times)
Europe equities edge lower Aug 4, 2009
7 per cent. BP, Royal Dutch Shell, BG Group, Tullow Oil, Repsol and Total shed between 0. 2 and 1 per cent.. (India Times)
FTSE 100 Index Retreats, Led by Energy Companies; Shell, BP Shares Drop Aug 1, 2009
2 pence, while BG Group declined 4. 5 percent to 999 pence. (Bloomberg -- UK)
Striking it rich: Natural gas in Texas lures foreign drillers Jul 29, 2009
Just this month, BG Group PLC, a British company, paid $1 billion to drill for gas in East Texas. In May, Eni SpA, an Italian company, bought into gas fields in North Texas. (KHOU.com, TX)
FTSEs gains held back by miners Jul 29, 2009
London equities made overall gains on Wednesday, but news of sharply lower profit at BG Group stood out in the context of sustained pressure on the resource stocks after their recent strong run. The FTSE 100 moved 22 points higher to 4,551. (FT.com -- Markets)
FTSE 100 Stock Index Climbs; Schroders, Cadbury Shares Lead the Advance Jul 29, 2009
U.K. Stocks Climb; Schroders, Cadbury Lead the Advance - Bloomberg. Updated: New York, Jul 29 04:18 London, Jul 29 09:18 Tokyo, Jul 29 17:18. (Bloomberg -- UK)
Australian Foundation profit falls 75% Jul 27, 2009
Major sales during the 12-month period included St George Bank, following the takeover by Westpac Banking Corp, Queensland Gas Company, after the takeover by BG Group Plc, and Suncorp-Metway and James Hardie Industries NV, on concerns about gearing levels and dividend payments. AFI increased its holdings in Westpac, partly because of the takeover of St George, Rio Tinto, Santos and National Australia Bank, taking advantage of new share sales. (Sydney Morning Herald -- Business)
Brazil Energy Minister Lobao Calls Exxon's Pre-Salt Dry Well `A Mistake' Jul 23, 2009
Petrobras is developing the Tupi field in the pre-salt region, the largest oil discovery in the Americas since 1976, with BG Group Plc and Galp Energia SGPS SA.. Petrobras Comment. (Bloomberg -- Latin America)
U.K. Stocks Rally for Fifth Day; British Airways, Mining Shares Lead Gain Jul 18, 2009
BT Group Plc and BG Group Plc gained more than 1 ... BG Group increased 1. (Bloomberg -- UK)
Crude oil price falls below $60 Jul 11, 2009
8% lower, Royal Dutch Shell declined 1%, BG Group shed 1. 5% and Tullow Oil declined 1. (BBC News -- Africa)
"Brave" Post-Lehman M&A Rewarded by Market -Study Jul 6, 2009
Among them, Cisco Systems Inc, Johnson on, Abbott Laboratories , BG Group Plc , and Symantec Corp all outperformed world, regional and sector indexes. However, other multiple acquirers such as Eli Lilly and Co , Medtronic Inc and Banco Santander SA underperformed on some or all measures. (ABC News -- Wire)
BP Expects to Reap About $2 Billion From Selling Kazakh Oil, Gas Assets Jun 28, 2009
and BG Group Plc are set to expand projects in Kazakhstan, which holds 3. 2 percent of global proved reserves. (Bloomberg)
Lula Plans to Send Brazilian Oil Bill to Congress in July, Bernardo Says Jun 22, 2009
Lula has said that existing oil exploration rights sold to companies such as Petrobras, BG Group Plc, Repsol YPF SA, Exxon Mobil Corp. and Galp Energia SGPS SA under the current auction system wont be changed by the new proposals. To contact the reporter on this story: in Rio de Janeiro at. (Bloomberg -- Latin America)
FTSE 100 Index Swings Between Gains and Losses; Xstrata Climbs on Upgrades Jun 18, 2009
BG Group Plc declined 3. 6 percent to 1,037 pence. (Bloomberg -- UK)
IAN VERRENDER Jun 16, 2009
A year ago, BG Group and Rio Tinto had a great deal in common ... Origin boss Grant King will continue to rule over his domain after delivering a fatal blow to the British BG Group's bid. (Sydney Morning Herald -- Business)
Stocks Advance; Rio Tinto, BHP Billiton Surge on Scrapped Chinalco Deal Jun 6, 2009
8 percent as Rio announced plans to raise $21 billion from a share sale and an iron ore venture with BHP. BG Group Plc rose 3 ... BG Group has a 25 percent stake in the BM-S-11 block. (Bloomberg -- UK)
Santos in Gladstone LNG sales talks Jun 4, 2009
There are three other major coal seam gas to LNG projects planned for the Gladstone region, led by BG Group, Origin Energy and Arrow Energy. Santos also said marketing was progressing well for the remaining volumes of LNG from the ExxonMobil-led Papua New Guinea joint venture following a non-binding heads of agreement for LNG offtake with a major Asian customer. (Sydney Morning Herald -- Business)
Dana Petroleum Says It `Isn't for Sale,' Focuses on Boosting Production Jun 3, 2009
Premier Oil Plc this year bought Oilexco North Sea Ltd., while BG Group Plc is completing the takeover of Australias Pure Energy Resources Ltd.. If you get acquired too early, you lose your upside, Chief Executive Officer said in an interview at his Aberdeen office June 1 following a shareholders meeting. (Bloomberg -- UK)
Global Gas Demand Supports Proposed Australian LNG Projects, Conoco Says Jun 1, 2009
welcomes collaborative discussions with BG Group Plc and the Origin-ConocoPhillips partnership on developing Queensland coal- seam gas reserves, the Financial Times reported, citing Chief Executive Officer. Santos may sell a further minority interest in the Gladstone venture in combination with a fuel-sales contract, the company said May 11. (Bloomberg -- Australia & New Zealand)
Australia's $160 Billion Oil, Gas Projects May Lead Economy to Recovery May 31, 2009
BG Group Plc and are among companies with stakes in rival ventures aiming to turn gas extracted from coal seams in Queensland into LNG. Australias coal-seam gas industry attracted about $22 billion in investment last year. Carbon Flaws. (Bloomberg -- Asia)
Cremation firm offers final resting place on ocean floor May 26, 2009
"Late (baby) boomers think the reef is very novel and a cool way to be remembered, and very different from what their parents did," Ziadie said in a phone interview from the BG Group offices in Fort Lauderdale. "For four or five months, we have ramped up (public relations advertising) and we have a Web launch planned for late June."The most popular is the starfish," he said. Boat charters to the site are extra. Any qualified diver can visit the reef. It's illegal to touch the reef, which is... (Daytona Beach News Journal -- Business)
Santos Says Gladstone LNG Project in Queensland Ahead of Rival Ventures May 15, 2009
Australias coal-seam gas industry attracted about $22 billion in investment last year and BG Group Plc and ConocoPhillips are among companies with stakes in rival ventures aiming to turn coal seam gas in Queensland into LNG.. Queensland may export about 20 million metric tons a year of LNG by 2020, equal to Australias total existing output, according to Brisbane-based Bow Energy Ltd. BG signed a contract this month to supply LNG to China National Offshore Oil Corp. from Queensland. (Bloomberg -- Australia & New Zealand)
Is Utility Construction the Silver Lining? May 7, 2009
For example, the number of LNG shipments arriving at the Lake Charles terminal, owned by BG Group, fell from 48 in the second quarter of 2007 to just one in the fourth quarter due to diversion to other markets where pricing was higher. 6. (Energy Pulse, CO)
European Stocks Erase 2009 Drop; Stoxx 600 Heads for Record Monthly Gain May 1, 2009
4 percent and BG Group, the U.K.s third-largest natural-gas producer, increased for a second day. rose 4. (Bloomberg -- Germany)
Woodside-Led NW Shelf Venture Finds LNG Cargo Buyers as Japan Demand Slips May 1, 2009
NW Shelf Finds LNG Cargo Buyers as Japan Demand Slips (Update1) - Bloomberg. Updated: New York, May 01 03:55 London, May 01 08:55 Tokyo, May 01 16:55. (Bloomberg -- Australia & New Zealand)
Oil earnings resilient despite oil price collapse Apr 30, 2009
British gas producer BG Group said first-quarter profit, excluding one-off items, fell 13 per cent to 690-million ($1 ... BG Group's integrated gas business is reflected in the distinctive resilience of our profits and cash flow in this challenging economic environment, chief executive Frank Chapman said in a statement. (Globe and Mail -- Business)
* World Business Quick Take Apr 16, 2009
Petrobras said on Tuesday that the discovery was made in partnership with the Spanish oil company Repsol YPF and Britains BG Group PLC.. AVIATION. (Taipei Times, Taiwan -- Sports)
FTSE slips on banks, miners Apr 16, 2009
London - Britain's leading share index slipped in early trade on Wednesday as renewed economic concerns hit banks and miners, but BG Group led energy stocks higher after a new oil find ... Oil producers gained on firmer crude prices and after BG Group announced a new discovery offshore Brazil ... BG Group strengthened 2. (Business Report, South Africa)
Need to know: Ryanair savings ...... Apr 16, 2009
BG Group: The London-listed oil and gas company, based in Berkshire, announced that it had made an oil discovery in Brazil. The group said that it has found light oil at a concession in the offshore well, Iguacu, in which it has a 30 per cent stake. (New York Post -- Business)
Petrobras announces another offshore oil find Apr 15, 2009
Petrobras said Tuesday the discovery was made in partnership with the Spanish oil company Repsol YPF and Britain's BG Group PLC.. The Santos Basin block was estimated last year to yield 3 billion to 4 billion barrels of recoverable light crude and natural gas. (The Star Online, Malaysia -- Business)
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)
Stocks held back by banks Apr 15, 2009
has declined to exercise options to acquire gas fields and a power station in Queensland from Britain's BG Group. Its shares were down 50 cents, or 3. (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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
