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BG Group PLC

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  • *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...

  • *Exxon Mobil front-runner for Mozambique LNG stake-sources. MILAN/ LONDON/ SINGAPORE, April 16- Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil and Qatar Petroleum both showing interest, banking and industry sources said. The world's largest oil firm has been expected to follow...

  • SAO PAULO, April 15- Cosan Ltd, the holding company that controls Brazil's No. 1 sugar and ethanol producer, is looking for opportunities to invest in the country's energy and infrastructure sectors, Chief Financial Officer Marcelo Martins said on Wednesday. An economic downturn and rising borrowing costs in Brazil have forced Cosan to build up cash, which now...

  • Cramer Remix: This is what I think of Netflix Monday, 13 Apr 2015 | 7:16 PM ET
    Jim Cramer on Mad Money.

    Generational shift or sham? “Mad Money” host Jim Cramer gets real on Netflix.

  • Cramer: Boatloads of buyouts coming soon Monday, 13 Apr 2015 | 6:41 PM ET
    Sohaib Abbasi, CEO, Informatica

    Jim Cramer saw one deal last week that is just getting the pot stirred on Wall Street. Could more LBOs be headed our way?

  • LONDON, April 13- The drop in big oil companies' profits in the past eight months isn't just a function of lower crude prices- it also reflects strategic choices. A Reuters examination of corporate filings by some of the biggest players in the industry, including BP, Shell and France's Total, shows the sensitivity of these companies' earnings to changes in oil prices...

  • Cramer Remix: I fear this financial Friday, 10 Apr 2015 | 7:00 PM ET
    Jim Cramer on the set of Mad Money

    Bank on these banks? “Mad Money” host Jim Cramer warns you which financial stocks to avoid before a big earnings week.

  • Cramer game plan: Getting in on Buffett's top bank Friday, 10 Apr 2015 | 6:07 PM ET
    Warren Buffett

    In Jim Cramer's game plan for next week, he has an opportunity for investors to grab Warren Buffett's favorite bank stock.

  • Deals this week, the busiest so far this year, were worth $140 billion, lifting year-to-date M&A activity to almost $1 trillion, according to Thomson Reuters data. It worked for Mylan on its offer for Perrigo, BG Group in its takeover by Shell, TNT Express in its $4.3 billion bid from Fedex and Permira Advisers and the Canada Pension Plan Investment Board in its...

  • Prices of the steel-making ingredient for immediate delivery have slumped 60 percent over the past year as demand particularly from China slowed rapidly. A combination of factors brought about the recent capitulation in forward prices, most notably news that China plans to subsidize its iron ore sector to protect its flagging steel industry.

  • Iron ore in fresh crisis as forward prices crumble Thursday, 9 Apr 2015 | 5:00 PM ET

    Prices of the steel-making ingredient for immediate delivery have slumped 60 percent over the past year as demand particularly from China slowed rapidly. A combination of factors brought about the recent capitulation in forward prices, most notably news that China plans to subsidise its iron ore sector to protect its flagging steel industry.

  • Autos help European stocks end higher Thursday, 9 Apr 2015 | 11:31 AM ET

    European equities closed higher on Thursday as investors reacted to fresh economic data and auto stocks posted strong gains.