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BG Group PLC

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  • *Half of the assets on sale are in North America. *North Sea could prove a hard sell. LONDON, Jan 30- With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion.

  • NEW ORLEANS— The collapse in world oil prices claimed a casualty in Louisiana's vital energy industry Wednesday when South Africa- based Sasol announced a delay in final investment plans for a $14 billion plant that would convert natural gas into liquid fuels. The plant near Lake Charles in southwestern Louisiana was expected to create hundreds of permanent...

  • *Athens market closed on Tuesday but Greece still a concern. Strong December industry sales data from the United States boosted car makers with Fiat Chrysler Automobiles, the most exposed Europe- listed manufacturer, up 2 percent. The STOXX Europe 600 Auto& parts index rose 1 percent, the best performing sector in Europe.

  • JERUSALEM, Jan 6- New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. But investor concern intensified in late December when the antitrust authority declared that stakeholders in two large natural gas fields-- Israel's Delek Group and...

  • *FTSE 100, DAX and CAC all slip lower. The pan-European FTSEurofirst 300 index slipped 0.1 percent to 1,367.52 points by midsession and early gains on benchmark indexes in France, Germany and Britain all ebbed away. Germany's DAX fell 0.7 percent, France's CAC was down by 0.1 percent while Britain's FTSE 100 also retreated 0.1 percent.

  • The pan-European FTSEurofirst 300 index was down 0.5 percent by 0909 GMT, with benchmark indexes in France, Germany and Britain all reversing early gains after a survey showed eurozone output, new orders and employment all recorded sluggish growth at the end of 2014.. Although all national bourses were open except Switzerland and Hungary, traders said quiet...

  • BG Group receives $350 mln payment from Egypt Friday, 2 Jan 2015 | 2:14 AM ET

    LONDON, Jan 2- Britain's BG Group said on Friday it had received a $350 million payment from the Egyptian government following the country's decision to repay outstanding debts to the energy industry. Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability since a popular uprising ousted autocrat...

  • JERUSALEM, Dec 24- The group that controls two large gas fields off Israel's shores could seek international arbitration to defend its assets, it said on Wednesday, a day after an Israeli regulator raised the prospect of it being stripped of some of its holdings. Gideon Tadmor, chairman of Delek Drilling and CEO of Avner Oil, said the consortium-- which also includes...

  • *Delek and Noble hold 85 pct of Leviathan. JERUSALEM, Dec 23- Israel's competition regulator recommended on Tuesday breaking up what it says is a monopoly control of the country's offshore gas reserves by Noble Energy and Delek Group, who together hold 85 percent of the giant Leviathan field. Following heavy political pressure, Commissioner David Gilo has...

  • JERUSALEM, Dec 22- Israel's antitrust authority said Monday it may revoke an arrangement permitting an Israeli and a U.S. company to develop Israel's largest natural gas field by branding them a cartel. The authority summoned representatives of Israel's Delek Group and Texas- based Noble Energy and told them it was "still considering to announce that buying...

  • LONDON, Dec 19- Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shopping spree for smaller rivals, focusing on oil producers and explorers in Africa, Asia and the United States. Those include British oil and gas company BG Group, which produces oil and gas in regions including Brazil, East Africa and Australia.

  • *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...