GO
Loading...

BG Group PLC

More

  • Europe energy shares rally on proposed Shell-BG deal Wednesday, 8 Apr 2015 | 3:16 AM ET

    PARIS, April 8- European shares rose in early trading on Wednesday, led by a rally in energy shares after Royal Dutch Shell agreed to buy BG Group for 47 billion pounds in the first oil super-merger in a decade. Shares in BG jumped 39 percent, while Tullow Oil soared 9.8 percent, BP gained 4.4 percent, Repsol added 2.4 percent and Total climbed 0.9 percent.

  • *Hong Kong, Chinese stocks make 7- year highs. SYDNEY, April 8- Japanese shares scaled 15- year peaks on Wednesday while Hong Kong's market leapt to seven-year highs amid speculation of more stimulus from China and Japan, as well as a delayed start to any tightening by the U.S. Just before the European open, Royal Dutch Shell said it had agreed to buy BG Group for 47...

  • Shell launches $69B cash-and-share bid for BG Group Wednesday, 8 Apr 2015 | 2:18 AM ET

    Royal Dutch Shell has confirmed it is in advanced talks to buy UK utility BG Group, in a £47 billion cash-and-shares offer.

  • SINGAPORE, April 7- Oil prices fell more than a percent on Wednesday as industry data showed a larger-than-expected weekly build in U.S. stockpiles and as Saudi Arabia reported record output in March. "We're going to need to see a very big uptick in demand to offset that supply," Ben Le Brun, analyst at OptionsXpress in Sydney said. Brent May crude was down 61 cents at...

  • *Shell in talks to buy BG Group in first mega-merger in a decade. SINGAPORE, April 7- Crude prices dropped on Wednesday after Saudi Arabia reported record production of 10.3 million barrels per day in March, a figure the country's oil minister said was unlikely to fall by much. Brent May crude was down 73 cents from its last settlement at $58.37 a barrel by 0100 GMT,...

  • Europe ends sharply higher; Yoox surges Monday, 30 Mar 2015 | 11:30 AM ET

    European equities closed sharply higher on Monday, having extended gains throughout the session.

  • Egypt for sale? $60B aids 'new era' for nation Monday, 16 Mar 2015 | 11:42 AM ET

    Egypt's attempt to bring money back to the country has been met with relative success, according to its new political leadership.

  • *Credit Suisse surges after naming new CEO. LONDON, March 10- European shares slipped further on Tuesday from a seven-year high after sharply weaker oil and metals prices pulled down commodities stocks, although Credit Suisse rallied after naming a new chief executive. "Credit Suisse has had different issues throughout the years and someone with a diverse...

  • *Credit Suisse surges after naming new CEO. LONDON, March 10- European shares slipped further away from a recent seven-year high on Tuesday as a sharp decline in crude oil and metals prices hit commodities stocks, although a rally in Credit Suisse capped market losses. "Credit Suisse has had different issues throughout the years and someone with a diverse...

  • *Credit Suisse surges after naming new CEO. LONDON, March 10- European shares slipped further away from a recent seven-year high on Tuesday as weaker oil and metals prices hit commodities stocks, but a rally in Credit Suisse limited market losses. "Credit Suisse has had different issues throughout the years and someone with a diverse background could look at its...

  • FACTBOX-Britain's FTSE 100 sets record high Tuesday, 24 Feb 2015 | 12:02 PM ET

    LONDON, Feb 24- Britain's blue-chip FTSE 100 share index hit a record high of 6,958.89 points on Tuesday. *The market capitalisation of the FTSE 100 constituents is currently 1.9 trillion pounds, against 164 billion pounds in December 1985, the first available data. Today, oil companies make up about 15 percent of the FTSE 100, against about 12 percent in 1999,...

  • *Q4 adjusted loss 23 cents/ share vs est 32 cents. Feb 12- Rig contractor Hercules Offshore Inc said it slashed its workforce by nearly a third and cut salaries, as the company keeps a tight leash on costs to counter a fall in demand due to a slump in crude oil prices. Oil and gas producers, drillers and services providers such as Cenovus Energy Inc, BG Group Plc,...

  • Feb 10- Canada's Talisman Energy Inc, which in December agreed to be bought by Spanish peer Repsol, reported a bigger quarterly loss after it wrote down the value of some assets by about $1.37 billion amid a steep fall in crude prices. A 50 percent fall in oil prices since June has dented the value of a number of fields, prompting companies such as Britain's BG Group...

  • Weaker oil stocks hit European equities, UBS drops Tuesday, 10 Feb 2015 | 4:44 AM ET

    LONDON, Feb 10- European shares fell for a second day on Tuesday, with energy stocks hurt most after crude prices slid again on concerns about oil demand in China. "It's difficult to see a big recovery in oil prices in the near term as the upside is limited in the current environment because of the huge supply glut," Peter Dixon, equity strategist at Commerzbank, said,...

  • *Also hope he can copy asset sale success of Statoil. LONDON, Feb 9- Britain's BG Group rushed in its new chief executive nearly a month early on Monday after reporting a $6 billion writedown last week that underlined the huge turnaround task he faces. Helge Lund, Statoil's former CEO, will have to work against the clock if he is to replicate the success he wrought...

  • LONDON, Feb 9- Helge Lund began work as the new chief executive of BG Group on Monday, joining the oil and gas firm three weeks earlier than expected to help it restructure in the face of slumping oil prices. Lund, who had been due to join the firm on March 2, joins the group a week after it wrote down the value of its business by $6 billion, forcing it to cut budgets and jobs...

  • Lund starts new BG CEO role early Monday, 9 Feb 2015 | 2:13 AM ET

    LONDON, Feb 9- Helge Lund began work as the new chief executive of BG Group on Monday, joining the oil and gas firm three weeks earlier than expected after gaining agreement from his previous employer Statoil. Lund had been due to join the firm on March 2. BG said Andrew Gould, who had been serving as interim executive chairman of BG since April 2014, would return to his...

  • OSLO, Feb 4- Norwegian energy group Statoil has persuaded 35- year company veteran Eldar Saetre to take over as chief executive despite his initial reluctance, seeing him as a safe pair of hands during a challenging time for the oil sector. The Statoil board has been criticized by some analysts and media for not having a succession plan in place when Helge Lund...

  • *FY op profit down 14 percent to $6.5 billion. *Net earnings down 8 percent to $4 billion. LONDON, Feb 3- BG Group Plc has written $6 billion off the value of its oil and gas business in the fourth quarter to reflect the slump in the price of oil, forcing it to cut budgets and jobs this year.

  • LONDON, Feb 3- Britain's BG Group wrote down the value of its business by nearly $6 billion in 2014 on the back of the steep drop in oil prices, forcing it to slash its 2015 investment budget by around 30 percent compared to the prior year. After years of high investments in new projects mainly in Australia and Brazil the group plans to reduce its capital expenditure...