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.
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��.
Shell agrees $70 billion deal to buy BG Group
Royal Dutch Shell said on Wednesday it had agreed to buy BG Group for 47 billion pounds (USD 70 billion) in the first oil super-merger in a decade. In a joint statement, the two firms said that as part of the recommended deal Shell would pay 383 pence.
Royal Dutch Shell To Buy BG Group for $70 Billion
Royal Dutch Shell announced Wednesday that it had agreed to buy fellow gas company BG Group for 47 billion pounds ($70 billion) in an effort to close the gap between them and the world largest oil producer, US ExxonMobil, Reuters reported. In a joint .
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)
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.
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.
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.
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 .
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��.
FTSE 100 movers: BG GROUP leads the charge as resource stocks jump
LONDON (ShareCast) - Resource stocks were the best performers in London on Tuesday afternoon as risk appetite returned after the long weekend, with BG Group (LSE: BG.L - news) leading the charge after buying a 78% stake in blocks IV and V in central .
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��.
GasLog acquires BG Group LNG carriers - LNG Industry
GasLog Ltd has completed the acquisition of two LNG carriers from Methane Services Ltd (MSL), a subsidiary of BG Group. This completes the third acquisition of ships for BG Group by GasLog over the past year, with a total��.
BG GROUP in advanced talks with Shell
CNBC BG Group acknowledges it is in advanced talks for a possible deal with Royal Dutch Shell, reports CNBCs Dominic Chu. Published April 7th 2015, 3:15 pm. advertisement. Related Videos. (2:09) Playing Next Next .
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.
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.
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.
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, 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.
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%; .
Shell to buy BG Group in ��47bn deal �� Shropshire Star
Oil giant Royal Dutch Shell is to buy exploration firm BG Group in a deal valuing the British business at about ��47 billion.
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)
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.
Shell in talks to buy BG Group, deal could be worth around 31 bn GBP
Shell is in talks to buy BG Group say unnamed sources. BG, a gas producer, has a market capitalization of ��31 billion ($46 billion), meaning a deal for the company would be one of the years biggest. Not much more than that at the moment. Via the Wall.
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.
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.
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.
New BG Boss Hires M&A Specialist From Statoil Weeks After Taking Helm-Memo
BG Groups new boss Helge Lund has poached two officials from his former company Statoil for key management positions, sending a clear sign he intends to act quickly to try to turn around the British firm amid a sharp oil price drop.
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 .
BG Group Backs ��47bn Shell Takeover Offer
Related Content. View Photo. Struggling energy producer BG Group (LSE: BG.L - news) is recommending to shareholders a takeover offer worth ��47bn from Royal Dutch Shell (Xetra: R6C1.DE - news). More follows. Share 0. Tweet. 0. Share0; Print .
Shell to buy BG Group in $69.7B takeover as low oil prices force industry.
WE:More frequent reports between 9am and 2pm. Accuracy of reports is somewhat lacking. Was told of a collision a couple of weeks ago and it was long gone, but report continued for another hour after I passed the scene. WM:Your traffic reports are not.
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.
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)
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 in talks for potential $46B acquisition: Rpt
BG, which is worth $46 billion, said in a statement on Tuesday it was in advanced discussions regarding a possible offer by Shell, whose market capitalization is $202 billion. Exxon is worth $360 billion. There can be no certainty that any offer will.
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.
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.
Freshfields and Slaughters tapped for Shells ��47bn takeover of BG GROUP
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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.
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.
Investment Analysts Weekly Ratings Changes for BG Group.
Enter your email address below to receive a concise daily summary of the latest news and analysts ratings for BG Group plc and related companies with Analyst Ratings Networks FREE daily email newsletter. Home �� About��.
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��.
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 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��.
Shell to buy BG GROUP in $70B energy deal
LONDON ��� Anglo-Dutch 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 a decade or more.
Shells Bid for BG Boosts Britains FTSE
Royal Dutch Shells $70 billion (47 billion pounds)bid for energy firm BG Group lifted Britains top share index on Wednesday, helping it outperform its continental peers.
Oil price forces $10bn writedowns at BP and BG Group | The.
The halving in the price of a barrel of oil has forced the companies to announce swingeing cuts across both of their organisations.
OilVoice | Shell to buy BG Group in cash and share offer.
The Combination represents a value of approximately ��47.0 billion for BGs entire issued and to be issued share capital. The Combination will result in BG Shareholders owning approximately 19% of the Combined Group.
In the papers: Shell to take over BG Group with ��45bn offer
The Times Shell makes ��30 billion play for BG Group: Royal Dutch Shell is in talks to buy BG Group, putting the City on alert for a ��30 billion acquisition that would be the first mega-deal since the oil price collapse.
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.
Greece: we have not asked Russia for aid - live updates
Already, Moscow has reached out to European far right groups, including by giving a ���9m loan to Frances Front National. On the eve of his visit to Moscow, Tsipras reiterated his opposition to EU sanctions on Russia, calling them ���a road to nowhere��� in.
Royal Dutch Shell in talks to buy BG GROUP: DJ
CNBC Reports citing sources say Royal Dutch Shell is in talks to acquire BG Group, with CNBCs Dominic Chu. Published April 7th 2015, 1:59 pm. advertisement. Related Videos. (1:16) Playing Next Next .