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BG Group PLC

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  • Statoil CEO Lund steps down, joins BG Group Wednesday, 15 Oct 2014 | 5:50 AM ET

    STOCKHOLM— Helge Lund, the CEO of Norwegian oil and gas company Statoil, has resigned after 10 years in charge of the government-controlled company. Until then he will remain at Statoil's "disposal" though the company said Wednesday that its board of directors had appointed Eldar Saetre, a senior Statoil executive, as acting president and CEO with immediate...

  • UPDATE 2-Statoil CEO quits to take top job at BG Wednesday, 15 Oct 2014 | 4:58 AM ET

    *BG shares rise 3 pct, Statoil falls 3 pct. OSLO/ LONDON, Oct 15- Statoil's long-serving chief executive Helge Lund unexpectedly quit on Wednesday to take on the top role at BG Group where he has been promised a big rise in pay if he can turn the flagging British gas firm around. "has built a world-class exploration and production portfolio at Statoil, and the company is...

  • LONDON, Sept 25- GlaxoSmithKline said on Thursday it had chosen Philip Hampton, who currently chairs Royal Bank of Scotland, as its next chairman. GSK was hit last week by a record $489 million fine in China for bribing doctors and has warned on profits in 2014 due to weak sales of its core respiratory drugs.

  • LONDON, Sept 24- Drugmaker GlaxoSmithKline will this week name Philip Hampton, who currently chairs Royal Bank of Scotland, as its next chairman, a person close to the process said on Wednesday.

  • *Tokyo Gas, Osaka Gas, Gail offering 5- year deals- sources. The chance to ship LNG from the United States, where natural gas output is booming, was touted as the solution to Asia's soaring energy needs and mounting fuel import bill-- and firms rushed in to grab a slice of the affordable action.

  • *Standard Life, RBS rally after latest opinion poll. LONDON, Sept 11- European shares edged higher on Thursday, with Scottish-exposed companies such as Standard Life, SSE and Royal Bank of Scotland rallying after a poll suggested voters in Scotland would reject independence in next week's referendum.

  • Portugal's Galp and Spain's Repsol, more exposed than most to lucrative exploration zones deep under Brazil's seabed, as well as France's Total on Angola exposure, are seen as the pick of the bunch as BP and Royal Dutch Shell suffer from weak exploration results.

  • SANTIAGO, July 15- Chile's state oil company ENAP said on Tuesday it would start using U.S. shale gas during the first half of 2016 via an ongoing supply contract with Britain's BG Group Plc.

  • *Oil minister sees production from BP project in 2017. AL-ASEEL OIL FIELD, Egypt, June 26- Egypt's oil minister said on Thursday that BP's $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress in efforts to ease the worst energy crunch in decades.

  • CAIRO, June 26- Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister said on Thursday, as the government aims to lure back wary investors to tap its reserves and boost production to meet soaring demand.

  • *BP likely to supply volumes from U.S.- source. MOSCOW/ MILAN, June 17- BP will sign a deal worth around $20 billion on Tuesday to supply China National Offshore Oil Corporation with liquefied natural gas, Chief Executive Bob Dudley said at a conference in Moscow.

  • *Airlines sink, oil majors rise as Iraq violence boosts oil. Violence in Iraq hit broader market sentiment and boosted oil prices, with airline stocks among the worst hit while shares in oil majors gained.

  • *Italy strategic economic partner of Kazakhstan- president. BOROVOYE, Kazakhstan/ MILAN, June 12- Italy's Eni signed an agreement with Kazakhstan's state-owned KazMunaiGas on Thursday to look for oil and gas in the North Caspian Sea in a move that will grow the oil major's footprint in the resource-rich country.

  • DAR ES SALAAM, June 9- A Tanzanian unit of Australia's Swala Energy Ltd is selling an almost 10 percent stake worth 4.8 billion shillings in an initial public offering on the east African nation's newly launched bourse for small firms.

  • SINGAPORE, June 3- Singapore officially started its first power plant that fully operates on liquefied natural gas on Tuesday, said the head of the company that owns the facility, as the city state tries to curb its reliance on piped natural gas.

  • CAIRO/ OSLO, May 12- Egypt has secured a means of importing liquefied natural gas that will help it address an energy crisis, although the LNG import terminal to be provided by a Norwegian firm will not be in place in time to ease painful gas shortages this summer.

  • LAUNCESTON, Australia, May 9- Building a fleet of the world's largest vessels has been touted as the solution to the high costs of developing the next phase of liquefied natural gas investments in Australia.

  • SINGAPORE, May 6- U.S. crude held steady below $100 a barrel in early Asian trading on Tuesday, as expectations of rising oil inventories in the United States were balanced by heightened tension in Ukraine.

  • UPDATE 3-BG beats Q1 estimates after losing CEO Thursday, 1 May 2014 | 7:10 AM ET

    LONDON, May 1- British oil and gas company BG Group reported a lower-than-expected drop in first-quarter profit on Thursday, just days after its chief executive resigned.

  • Is a US-style shale revolution coming for Australia? Monday, 14 Apr 2014 | 10:07 PM ET
    Ancient geological strata of shale or mudstone revealed in weathered sandstone hills.

    Australia has several characteristics conducive for commercializing its shale-rich regions.