GO
Loading...

Enter multiple symbols separated by commas

BG Group PLC

More

  • Let's make a deal: mega-mergers drive M&A frenzy Friday, 3 Jul 2015 | 3:01 AM ET

    NEW YORK— Deal makers from New York to London had a busy first half of the year, and mega-mergers drove the frenzy. Companies around the world announced mergers and acquisitions worth $2.3 trillion, according to figures from data provider Dealogic, the second-best half-year total on record and the highest amount since 2007, when $2.6 trillion of deals were...

  • LONDON, July 2- BP's $18.7 billion settlement over the 2010 Gulf of Mexico spill draws a line under years of uncertainty to allow it to focus once again on growth but could make it an acquisition target. The British energy giant, whose shares are still some 35 percent below their value before the largest offshore spill in U.S. history, still faces headwinds from the...

  • *Appomattox project set to start production by end of decade. LONDON, July 1- Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as...

  • NEW YORK/ LONDON, June 29- Mergers and acquisitions worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share. These include Royal Dutch Shell Plc's $70 billion acquisition of British rival BG Group Plc, cable...

  • Low oil price hits $200 billion in mega-projects Tuesday, 16 Jun 2015 | 10:34 AM ET

    LONDON, June 16- Deepwater oil projects and complex gas facilities worth around $200 billion have been canceled or put on hold worldwide in recent months due to the sharp drop in oil prices over the past year, consultancy Ernst and Young said on Tuesday. "A total of $200 billion of oil and gas projects have been deferred or canceled," said Brogan, global oil and gas...

  • *Energy firms accelerate activity ahead of Paris summit. Discrete talks in the eyrie of Davos in January led to a spontaneous, light bulb moment on a stage in Oslo in February. Faced with growing pressure from shareholders, vocal divestment campaigns by the media and advocacy groups, there looms the critical moment of the United Nations climate summit in Paris in...

  • PARIS, June 4- Australia's Woodside Petroleum is expanding its liquefied natural gas business and aims to build a global supply network ahead of an expected surge in trading of the fuel, its chief executive said in an interview. "What our strategy is: focus on Asia customers, but sourcing LNG globally," and not just from the company's existing Australian producing...

  • LONDON/ BONN, June 2- A global carbon emissions pricing system pushed by top energy companies is unlikely to be a big part of any United Nations' deal to curb global warming, some experts say, because many countries have little faith in such cross-border initiatives. "All countries are relatively skeptical on international market mechanisms," said Niklas Hoehne,...

  • The joint declaration issued by six European oil and gas majors was cautiously embraced by the United Nations, which will host negotiations this December in Paris aimed at designing a plan to cut the fossil fuel emissions that scientists blame for rising temperatures. Total SA, Statoil, BP Plc, Royal Dutch Shell Plc, Eni and BG Group Plc called for "decisive action"...

  • OSLO, June 1- France suggested on Monday that world leaders should attend only the start of a summit on climate change in Paris in six months, hoping to avoid a repeat of the last failed attempt in 2009 when they came at the end and left empty-handed. Foreign Minister Laurent Fabius also said France hoped to agree some elements of a U.N. climate deal by October, weeks...

  • LONDON, June 1- Europe's top oil and gas companies urged governments around the world to introduce a pricing system for carbon emissions, as governments meet in Bonn, Germany, on Monday to work on a U.N. deal to fight climate change. Criticized for not doing enough to tackle climate change, the chief executives of BG Group, BP, Eni, Royal Dutch Shell, Statoil and France's...

  • *ConocoPhillips CEO says more mega-mergers unlikely. Still, there is unlikely to be a wave of mega mergers like Royal Dutch Shell's buyout of BG Group for $70 billion, which Shell itself has said left it cash-strapped and only able to pursue much smaller deals. "There is less need for mega mergers because of unconventional resources which require a small amount of...

  • NEW YORK, May 13- Royal Dutch Shell Plc will consider small additions to its North America oil and gas business, despite ruling out large acquisitions after its deal to buy BG Group Plc, Marvin Odum, director of Shell's Americas exploration and production business, said in an interview Wednesday. Still, the London- based major will consider smaller deals in North...

  • OSLO, May 12- Norwegian oil firm Statoil replaced several top executives including its chief financial officer on Tuesday, continuing a shake-up since its chief executive was poached by rival BG Group last October. Statoil appointed Hans Jacob Hegge as chief financial officer, moving Torgrim Reitan to head the firm's U.S. business, where the contract of the...

  • OSLO, May 12- Norwegian oil firm Statoil replaced its chief financial officer on Tuesday and appointed several new top managers, continuing a shake-up since its chief executive was poached by rival BG Group last October. Statoil has lost four board members, including its chairman, over the past several months, and some top managers, including from its mergers and...

  • LONDON, May 8- BG Group said on Friday it was still happy with Shell's $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for its liquefied natural gas business. The recent oil price rise has improved BG's outlook for LNG prices and led the company to raise its LNG earnings forecast for 2015 to $1.3 -1.5...

  • *Cuts 2015 capex to $33 bln from previous $35 bln. LONDON, April 30- Refining and trading cushioned a drop in Royal Dutch Shell's first quarter profits, which fell less than expected after the collapse in oil prices decimated earnings from oil and gas output. By contrast Norwegian oil major Statoil, which owns little refining capacity, reported a surprise net loss...

  • LONDON, April 30- Royal Dutch Shell on Thursday reported a lower than expected 56 percent drop in first quarter net income at $3.2 billion, as refining and trading profits offset a decline in earnings from oil and gas output. Shell maintained a dividend of 47 cents per share and said it would use its planned $70 billion acquisition of smaller British rival BG Group...

  • LISBON, April 27- Portugal's Galp Energia said adjusted first-quarter net profit more than doubled from a year earlier, in line with expectations, thanks to a sharp increase in refining margins and rising oil output. In his first news briefing as chief executive, Carlos Gomes da Silva also said Shell's acquisition of BG Group, which is Galp's partner in some...

  • BRASILIA, April 23- Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell's CEO said on Thursday. Van Beurden briefed Brazilian President Dilma Rousseff for 1-1/ 2 hours on Thursday on his company's...