Latest in Tag: BG Highlight
Latest in Tag: BG
Shell, BG to receive part of $3.2bn dues in June
The debt is promised to be fully repaid by the end of 2016, says petroleum minister
Ministry of Petroleum vows to allow BG to export liquefied gas through ADCO
BG withdrew its oil drills from the Borollos field in February before the company was acquired by Shell
BG demands government raise price of gas to $7 per million BTUs
After stopping 9B stage, BG asks government to raise the price of gas to $7 or pay $1bn immediately
 British companies visit Egypt bringing their experience in new energy discoveries
Egypt key market for leading British companies working in oil and gas sector, says EIC Director
Egypt’s overdue debts prompt BG to further postpone linking gas fields to mid-2016
Project will only offset the natural decline of fields production, says official
Shell to cut more jobs as BG takeover nears
Anglo-Dutch oil giant Shell has said thousands more jobs will be slashed, if the takeover of British utility company BG can be finalized as planned. The firm said the move was necessary to save costs in the years ahead. Royal Dutch Shell said Monday it expected to cut 2,800 more jobs globally to save costs, …
Alaa Arafa’s Dolphinus signs letter of intent to import gas from Israel
Dolphinus’ is expected to receive 4 BCM of gas per year over 10-15 years with final agreement
Talks with Fenosa, BG remain ongoing to contain dispute
Providing fuel of various kinds in holiday period and beginning of academic year, diesel and butane gas storage is enough, says El Molla
Al-Sisi meets with BG’s CEO
Egypt’s President Abdel Fattah Al-Sisi met with Helge Lund, the Chief Executive Officer of British Gas (BG), to discuss the company’s current activities in Egypt and its plans to increase its investments. The meeting was also attended by Petroleum Minister Sherif Ismail, according to an official statement by the presidency. The BG executive congratulated the …
Egypt’s economy needs FDI push for its flat battery: British Ambassador
British investors demand fair treatment from government, competition to be opened up in private sector, says Casson
Shell to acquire BG for $70bn
25% increase in oil and gas reserves of Royal Dutch Shell
BG to sign petroleum deal worth $4bn
British Gas (BG) is set to sign a deal with the Egyptian government on Sunday during the Economic Summit, with investments estimated at $4bn. The company received $350m from the Egyptian government, after the latter’s decision to pay its delayed debts to foreign energy companies. Egypt delayed paying the dues for oil and gas companies …
UK number 1 foreign investor in Egypt: Embassy spokesperson
BG invested 14bn in Egypt, says company’s Egypt President Arshad Sufi
BG delays linking 150m cubic feet daily for production to 2016
Foreign partners postpone linking several wells until end of re-pricing with government, says EGAS
Petroleum ministry informed ahead of Israel gas negotiations: BG
Arafa held meeting with petroleum officials to discuss importing gas from Tel Aviv to Egyptian plants, official says
Idku plant LNG exportation collapses 2014: BG official
Decrease gas production and domestic market needs cause sharp exportation decline
BG beats Q1 estimates after losing CEO
Shares in BG were trading 3% higher at 1,235 pence at 1144 BST, one of the top four risers on the FTSE 100.
UK’s BG Group’s CEO quits, firm warns on production
Reuters – BG Group’s chief executive resigned on Monday as the British oil and gas major said production would be at the lower end of its target range this year due to problems in Egypt. The board said it accepted the resignation for personal reasons of Chris Finlayson after just 16 months in the job. …
BG Group targets job cuts to rein in costs
Reuters – Oil and gas producer BG Group has begun offering voluntary redundancy to staff at its British headquarters, the company said, as it seeks to reduce headcount and trim costs. BG Group has been hit by lower than expected production rates, having downgraded output forecasts several times over the past two years, and is …
BG Q4 in line following January profit warning
BG Group’s Chief Executive Chris Finlayson said the firm had made some good progress on its key growth projects in Australia and Brazil, but that it now needed to address the problems in Egypt.
BG Group downgrades 2014 and 2015 guidance
Guidance for 2014 “disappointing” due to ongoing problems in Egypt
Investors still worried post-3 July
The company described the environment for investment in Egypt as “challenging”.