Petro Matad soars as BG Group buys into Mongolian assets.
Petro Matad no longer has to worry about funding its licence obligations on blocks IV and V in central Mongolia after Footsie heavyweight BG Group took a 78% interest in the blocks.
Market reaction to BG Group merger with Royal Dutch Shell.
Shares in BG Group are rocketing upward after the company agreed to a merger with the oil giant Shell. The tie-up will create a company worth ��224 billion ($334.5 billion). As of 11:36 a.m. London time (6:36 a.m. ET), shares��.
Shell to buy BG in £47 billion deal
Shell has agreed to buy BG Group for £47 billion, in what is the first oil super merger in a decade. Kirsty Basset looks at why the M&A route is an attractive option.
Royal Dutch Shell to buy BG GROUP in ��47bn deal | Hellenic.
Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at ��47bn. The two firms say they have reached agreement on a cash and shares offer which gives investors��.
Shell to acquire BG group for $70bn, biggest deal in 10 yrs.
The Anglo-Dutch oil major Royal Dutch Shell is to acquire Britains BG Group Plc for $70 billion, narrowing the gap with a global leader ExxonMobil.
Shell Seeking to Buy BG in First Oil Super-Merger in Over a Decade
Royal Dutch Shell is in advanced talks to buy BG Group in the first oil super-merger in more than a decade, seeking to extend its lead in gas production and close the gap with the worlds biggest oil major, U.S. ExxonMobil.
All Smoke, No Fire in Bolivia
The world needs gas and oil, and Bolivia and its neighbors need to sell it. Bolivia is just struggling for a way to make markets work.
Arafat Hails Big Gas Find Off the Coast Of Gaza Strip
Yasir Arafat traveled 19 miles off the Gaza coast today to light the first flare stack over a major offshore deposit of natural gas, proclaiming it a gift from our God to our people. Mr. Arafat, celebrating the multibillion-dollar discovery of what industry officials confirmed is a major gas deposit, said it would provide a strong foundation for a Palestinian state.. Yasir Arafat travels 19 miles off Gaza coast to light first flare stack over major offshore deposit of natural gas; Arafat says recently discovered multibillion-dollar gas deposit will provide strong foundation for Palestinian state; deposit is considered more than enough gas to meet Palestinian needs for decade; Israeli government, despite criticism from rightist opposition leaders, has tacitly permitted exploration effort, renouncing any sovereignty over Mediterranean waters directly off Gaza Strip; BG Group will drill at least one more test well off Gaza while continuing explorations in adjacent concessions in Israeli waters; photo (M)
Petro Matad soars as BG Group buys into Mongolian assets
Petro Matad (LON:MATD) has entered into a farm-out agreement with BG Group (LON:BG.) for a 78% interest in blocks IV and V in central Mongolia. The agreement with the Footsie giant will fund Petro Matads share of a mutually agreed US$28mln work .
Britain: BG Buys Queensland Gas
British gas producer BG Group agreed to buy Australia’s Queensland Gas Company for $3.4 billion to bolster its presence in Asia’s fast-growing liquefied natural gas market.
Shell launches $70B bid for BG Group
CNBC CNBCs Seema Mody reports the latest details on Royal Dutch Shells bid to buy UK energy supplier BG Group. Published April 8th 2015, 3:25 am. advertisement. Related Videos. (0:57) Playing Next Next .
Royal Dutch Shell in $70B takeover of rival BG GROUP
Royal Dutch Shell and British rival BG Group consolidate in a sector battered by sliding oil prices.
Updates from BG Group, Atkins and Ryanair
The FTSE 100 saw a post-Easter break surge, climbing almost 2% on Tuesday, finishing at 6,961.7. BG Group investors were the biggest winners with shares up 6.7% to 910.4p, helped by a climb in Brent oil, up sharply. Shire climbed markedly too, up 4.3%; .
Macarthur Coal Rejects $3 Billion Peabody Bid
Macarthur Coal of Australia said Wednesday that it rejected a $3 billion bid by Peabody Energy, citing rising demand for coal as it tried to stave off the latest attempt by a foreign firm to invest in Australian energy reserves.. Macarthur Coal of Australia said Wednesday that it rejected a $3 billion bid by Peabody Energy, citing rising demand for coal as it tried to stave off the latest attempt by a foreign firm to invest in Australian energy reserves.
Shell to buy BG Group in ��47bn deal - Shropshire Star
Royal Dutch Shell has splashed out ��47 billion for Britains BG Group in a move that could trigger a round of mega-mergers across the industry.
BG GROUP confirms talks on possible purchase by Shell.
London (AFP) - Britain-based gas producer BG Group has confirmed it is in advanced discussions on its possible purchase by energy giant Shell in what would be a major transaction in a sector hit by low oil prices.
Royal Dutch Shell to Buy BG GROUP in $69.7 Billion Takeover
Royal Dutch Shell to Buy BG Group in $69.7 Billion Takeover. AP ��� Apr 8, 2015, 2:32 AM ET. Share. 0. Associated Press. AP () ��� ��� Royal Dutch Shell to buy BG Group in $69.7 billion takeover. Share. 0. Join the Discussion. Disqus seems to be taking.
Shell to buy BG Group in $69.7 billion takeover
THE HAGUE, Netherlands - Royal Dutch Shell has agreed to buy British gas producer BG Group for 47 billion pounds ($69.7 billion) in cash and stock, the companies announced Wednesday. The move gives oil giant Shell a greater stake in natural gas .
Royal Dutch Shell to Buy BG GROUP for $70 Billion
The BG Group, a British company, is a major player in the market for liquefied natural gas. Shell has invested heavily in the L.N.G. business.
Natural Gas Project Planned in Australia
The Queensland Gas Company, an Australian producer of natural gas from coal seams, and the BG Group of Britain plan to invest about 8 billion Australian dollars ($7.2 billion) in an export project in northeastern Australia to tap rising demand for the fuel.
Shell buys British gas company BG Group in ��47BILLION.
DUTCH energy giant Shell has struck a multi-billion pound deal to buy British gas producer BG Group in what is the biggest merger in 2015.
BG GROUP shares are going through the roof after a colossal merger with Shell
The deal between Royal Dutch Shell and BG Group will prompt sector consolidation. The decline in oil price over the past year has battered some stocks which are clearly now looking attractive. In the last year BG shares fell 30%, shares in Tullow Oil.
Shell to buy UKs BG Group in ��47bn deal - Energy Live News
In a joint statement, the two firms said Shell would pay a mix of cash and shares and allow BG Group shareholders to own 19% of the combined group. If approved by shareholders and regulators, the deal will be one of the��.
Looming Energy Crisis Again Confronts Egypt’s Leaders
International energy companies say that Egypt has failed to pay them for pumping its petroleum, which has created a vicious circle of nonpayment, noninvestment and diminishing production.. International energy companies say Egypt has failed to pay them for pumping its petroleum, creating a vicious circle of nonpayment, noninvestment and diminishing production; Egypt no longer produces enough energy for the soaring domestic demand and its deeply subsidized prices; still, nation is unwilling to raise prices for fear of setting off unrest and is unable to buy enough fuel to meet the current demand.
BG GROUPs CEO could pocket $43 million just two months.
Last December, investors pressured BG Group into slashing his first year pay, Reuters reported. Lund will be in charge of BG until the acquisition is complete and will likely leave after, Shell CEO Ben van Beurden said on a��.
Shell to buy BG GROUP in $70B energy deal
LONDON ��� Oil and gas company Royal Dutch Shell agreed Wednesday to buy Britains BG Group in a $70 billion cash and stock deal that creates a massive European energy giant in one of the biggest deals for the sector in more than a decade.
Shell to Buy Rival BG Group for USD 69.6 Billion | World.
Royall Dutch Shell and BG Group have agreed on a GBP 47 billion (USD 69.6 bn) cash and share offer to be made by Shell for the entire issued and to be issued share capital of the British oil and gas company. Shell expects��.
World Business Briefing | Europe: Britain: BG Net Income Increases
The oil and gas producer BG Group said yesterday that its second-quarter net income increased 191 percent, to £160 million ($260 million), as energy prices and production rose. BG said that it planned to put the increase back into additional investments and acquisitions, rather than a share buyback. These may include deals in Egypt, Iran and Bolivia. Heather Timmons (NYT). BG Group says its second-quarter net income increased 191 percent, to 160 million pounds ($260 million) (S)
Shell-BG GROUP Deal Is a One-Off: Armstrong
Brewin Dolphin Equity Analyst Iain Armstrong discusses Royal Dutch Shells acquisition of BG Group and if that signals more deals for the energy sector. He speaks with Anna Edwards and Guy Johnson on Bloomberg Television. (Source: Bloomberg) .
Royal Dutch Shell to buy BG Group in $69.7 billion takeover.
Royal Dutch Shell said Wednesday it has agreed to buy BG Group for 47 billion pounds ($69.7 billion) in a cash and stock takeover. A joint statement said the boards of both companies are recommending that shareholders��.
Royal Dutch Shell BG GROUP mega-merger: Are there more oil deals on the way?
Oil giant Royal Dutch Shell announced a takeover of gas producer BG Group today, in a deal worth ��47bn. So is this the start of an oil mega-merger party? About 15 years ago low oil prices caused something similar. (Source: A.T. Kearney). Between 1998 .
BG Group concedes failings over CEO Helge Lunds ��25m.
Helge Lund, the chief executive officer of the BG Group, who was brought in from Statoil on the promise of a ��25m pay package subsequently amended after a shareholder revolt. Photograph: Bloomberg via Getty.
World Business Briefing | Europe: Britain: Utility Acquires Power Plant
The BG Group of Britain, an oil and gas producer, said it had agreed to buy a power plant in the northeastern United States from a group of private investors for $685 million. The power plant, an 805-megawatt gas- and oil-fired unit in Dayville, Conn., is BGs second power plant purchase in New England. The company bought the Dighton power plant in Massachusetts in October. BG expects to complete the purchase of the plant in the first quarter of 2007.. Britains BG Group agrees to buy power plant in Dayville, Conn, from group of private investors for $685 million (S)
Could BP plc Become A Bid Target After BG Group plcs.
Could BP (LSE: BP) (NYSE: BP.US) become a bid target in the wake of the proposed takeover of BG Group by Royal Dutch Shell? Analysts at investment bank Jefferies have suggested that Shell-BG could become bigger than��.
Britain: Utility Acquires Power Plant
The BG Group of Britain, an oil and gas producer, said it had agreed to buy a power plant in the northeastern United States from a group of private investors for $685 million. The power plant, an 805-megawatt gas- and oil-fired unit in Dayville, Conn., is BG’s second power plant purchase in New England. The company bought the Dighton power plant in Massachusetts in October. BG expects to complete the purchase of the plant in the first quarter of 2007.
Shell, ENI and BG Report Strong Earnings
The European energy companies reported positive results for the second quarter, with profit at Royal Dutch Shell up 206 percent.
Shell Seeking to Buy BG in First Oil Super-Merger in Over a Decade
Royal Dutch Shell is in advanced talks to buy BG Group in the first oil super-merger since early 2000s to extend its global lead in gas production and close the gap with the worlds biggest oil major U.S. ExxonMobil.
Shell Backs BG Buy With 3.025-Billion-Pound Bridge Loan
Royal Dutch Shell is backing its $70 billion takeover of smaller rival BG Group with a 3.025 billion pound ($4.52 billion) bridge loan fully underwritten by Bank of America Merrill Lynch, according to the offer documents.
Royal Dutch Shell acquires BG GROUP for $ 70 bn
In the biggest oil and gas deal in a decade, Royal Dutch Shell today announced acquisition of smaller British rival BG Group Plc for about $ 70 billion to create the worlds largest independent producer of LNG. Shell will pay a 50 per cent premium to.
BG Says Its Chief Executive Quits, Citing Personal Reasons
The British energy firm, struggling with production problems, said its nonexecutive chairman, Andrew Gould, would temporarily lead the company.
Freshfields and Slaughters tapped for Shells ��47bn takeover of BG GROUP
It takes just 5 minutes to register. Answer a few simple questions and once completed youll have instant access. Register now. Why register to The Lawyer. Industry insight. In-depth, expert analysis into the stories behind the headlines from our.
Shell-BG Deal May Shake Up Rival Australian LNG Plans
Tightening gas supplies in eastern Australia and a battle for gas to supply three liquefied natural gas plants will figure largely in watchdogs review of Royal Dutch Shells $70 billion takeover of BG Group.
Market round up: BG GROUP heads FTSE 100 risers after Easter holiday
BG Group lead blue chip companies on the FTSE 100 after the market rallied almost 2% after the Easter holiday. The FTSE benchmark closed up 128.31 points, or 1.88%, at 6,961.77 and was spearheaded by energy giant BG - who own British Gas and .
Greeces Tsipras meets Putin in Moscow - live updates
The FTSE has been unable to hold on to gains made earlier, when it was boosted by news of Shells proposed ��47bn takeover of BG Group. It has followed other markets lower, ahead of the latest set of minutes from the Feds Open Market Committee (FOMC) .
BG GROUP: Facts and figures
Its roots go back to the 1950s, when the UKs Gas Council began putting resources into liquefied natural gas (LNG) as a potential replacement for manufactured gas. Then, in 1986, British Gas ��� which contained a major part of the UKs exploration.
FTSE Has Worst Day So Far in 2015 as BG and Pru Fall
Britains top share index suffered its biggest decline so far this year on Tuesday, hit by drops in insurer Prudential and energy stocks such as BG.
BG Groups Shares Soar More Than 40 Percent on Shell Deal
Shares of BG Group jumped more than 40 percent on Wednesday after Britains third-largest energy company by market value said it had agreed a 47 billion-pound takeover bid by Royal Dutch Shell.
BG Group resumes production from Knarr | Offshore Energy.
BG Group has re-started production from its Knarr oil field located offshore Norway. The production was shut down last week when fire broke out on the Petrojarl Knarr FPSO. According to BG Group, there was a small��.
BP Earnings Fall 18% on Lower Oil Prices
The weak results at the Russian state-owned company Rosneft, in which BP holds a 20 percent stake, also contributed to the third-quarter decline.. BP reports third-quarter profit of $3 billion, down 18 percent from $3.7 billion in year-ago quarter; says that weak results at Russian state-owned company Rosneft, in which BP holds a 20 percent stake, also contributed to the third-quarter decline.
Shell, Britains BG GROUP Ink $70 Billion Deal
Shell, Britains BG Group Ink $70 Billion Deal. More. Royal Dutch Sell will Buy Britains BG Group, creating the 2nd largest energy company in the world, behind only Exxon Mobil in terms of value. The $70 billion price tag makes this deal the largest.
Royal Dutch Shell BG GROUP deal report - Business Insider
In after-hours trade on Tuesday, US-listed shares of Shell were roughly unchanged; shares of BG Group trading in London gained more than 6% on Tuesday. The Journal notes that in February, BG said it would write down��.
Stock futures ahead; McDonalds launching bigger burgers; Shell acquiring BG.
World stock markets were mostly higher today as oil company Shell announced a $69.7 billion takeover of British rival BG Group and Japans central bank maintained its expansive monetary policy. (Associated Press). Oil prices fell towards $58 a barrel.