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BG Group PLC

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  • *Technip up 8 pct after ruling out CGG takeover. French oil services group Technip was the top performer on the FTSEurofirst 300 index of pan-European shares, rising 8 percent after it dropped a bid for seismic surveys specialist CGG. Oil and gas majors and services companies were among top gainers on the FTSEurofirst 300, with Tullow Oil, Total and BG Group up...

  • LONDON, Dec 10- Standard Chartered has set up a board committee responsible for financial crime compliance, a day after U.S. authorities extended monitoring of the bank by three years. Standard Chartered said on Wednesday its new Board Financial Crime Risk Committee will be chaired by Simon Lowth, who has been a non-executive director at the bank since May 2010...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT /10.30 AM ET Monday, 1 Dec 2014 | 10:43 AM ET

    Asia, Europe, U.S. factory activity slows despite price cuts. LONDON/ SYDNEY/ NEW YORK- Manufacturing growth across Asia, Europe and the U.S. slowed in November as heavy price cutting failed to revive demand, surveys shows, more evidence that a feeble global recovery may be grinding to a halt. LONDON- Oil prices hit five-year lows as slowing factory activity in China...

  • LONDON, Dec 1- Oil and gas firm BG Group has cut millions of pounds off the pay package for its incoming chief executive Helge Lund, bowing to pressure from shareholders in the biggest such revolt over executive pay in recent years. Britain's Business Secretary threw his weight behind disgruntled investors last week, urging the new chief executive's "excessive"...

  • *Statoil spent heavily on exploration that hasn't worked. OSLO, Nov 30- After the failure of its risky exploration strategy this year, Norwegian oil firm Statoil is cutting costs as fast and deep as it can to preserve cash for dividends- and may be jeopardizing future production in doing so, industry insiders say. Statoil took a big gamble by committing major...

  • *Asset sales have yielded $150 billion over four years. LONDON, Nov 28- With oil company revenues set to drop on the back of a rout in prices, boards will have to cut investments and increase borrowing to maintain their cherished dividend payouts. The world's top oil companies, or majors, including BP, Royal Dutch Shell, Total, ExxonMobil and Chevron are already in the...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Nov 5- The customary rally in Asian spot liquefied natural gas prices for the northern winter has spluttered long before it normally does, amid market concern over plentiful supply and lacklustre buying. The spot price dropped to $13 per million British thermal units last week, down from the recent...

  • LONDON, Nov 4- European shares extended losses in late trading on Tuesday after Reuters reported that central bankers in the euro area planned to challenge European Central Bank chief Mario Draghi over his secretive management style. Markets have increasingly come to expect that disappointing economic numbers from Europe will eventually prompt the ECB to...

  • LONDON, Nov 4- European shares fell on Tuesday as the European Commission's move to cut its growth forecast for the euro zone prompted investors to trim their equity exposure and a sharp drop in oil prices tripped up energy shares. The STOXX Europe 600 Oil and Gas index fell 3.3 percent, the biggest sectoral decliner, tracking a drop in crude oil to a more than...

  • *Index cuts gains after European Commission forecasts. LONDON, Nov 4- European shares surrendered early gains on Tuesday after the European Commission cut its growth forecast for the euro zone and said the currency bloc will need another year to reach even a modest level of growth. "There is still nervousness in the market about the euro zone's economic outlook,"...

  • SINGAPORE, Nov 3- North American liquefied natural gas projects, once believed to be the panacea that would save Asia from paying top dollar for the super chilled fuel, are proving to be less of a gamechanger than originally expected. High costs, gruelling regulatory processes and mounting social opposition have slowed the development of new capacity in Canada...

  • *Anadarko in talks with China's CNOOC for major contract. MILAN/ SINGAPORE, Oct 30- Countries across Asia are quietly reaching deals to import liquefied natural gas from Mozambique, which could transform its economy and give it a front-row seat in tapping rising global gas demand. The unannounced agreements, five in total, show how war-scarred Mozambique is...

  • Oct 29- British oil and gas producer BG Group Plc will delay until the next decade a proposed liquefied natural gas export terminal on Canada's Pacific coast, the Wall Street Journal reported, quoting the head of the company's Canadian unit. Kim Blomley, a spokesman for BG Group, said he could not immediately confirm if the project had slipped into the next decade,...

  • Oct 29- British oil and gas producer BG Group Plc will delay until the next decade a proposed liquefied natural gas export terminal on Canada's Pacific coast, the Wall Street Journal reported, quoting the head of the company's Canadian unit. Kim Blomley, a spokesman for BG Group, said he could not immediately confirm if the project had slipped into the next decade,...

  • LONDON, Oct 28- BG Group reported a worse-than-expected 26 percent fall in third-quarter operating profit as its output in Egypt halved and a steep drop in oil prices took its toll on Britain's third-biggest energy company. However, the oil and gas producer- which has poached long-serving Statoil chief executive Helge Lund to help turn around the flagging...

  • UPDATE 1-BG posts bigger-than-expected fall in profit Tuesday, 28 Oct 2014 | 3:58 AM ET

    LONDON, Oct 28- Britain's third-biggest energy company BG Group reported a worse-than-expected 26 percent fall in third-quarter operating profit on the back of a continued decline of production in Egypt and a steep drop in oil prices. The oil and gas producer has however started to reap benefits of costly projects in Brazil and Australia.

  • BG posts bigger-than-expected fall in profit Tuesday, 28 Oct 2014 | 3:19 AM ET

    LONDON, Oct 28- Britain's third-biggest energy company BG Group reported a worse-than-expected 26 percent fall in third-quarter operating profit on the back of a continued decline of production in Egypt and a steep drop in oil prices. Total operating profit came to $1.3 billion in the third quarter, undershooting a company-provided consensus of $1.4...

  • DAR ES SALAAM, Oct 25- Tanzania has held talks with France's Total and Britain's BP over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector. Companies already present in the east African state include Norway's Statoil, Brazil's Petrobras, Royal Dutch Shell, BG Group and Exxon Mobil..

  • BG seeks revival of Egypt LNG business with BP deal Thursday, 23 Oct 2014 | 8:08 AM ET

    *BG hopes a deal could lift Egypt operations in 2015/ 16. MILAN/ LONDON, Oct 23- British energy company BG Group is in talks with BP to link their two gas developments off Egypt's coast, as part of BG's drive to breathe life into its gas-starved export plant, sources familiar with the matter said. BG is in advanced talks with Israel to import gas supplies into Egypt and...

  • 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...