Tag: BG Group
Shell Gabon sale talks ongoing as company seeks to hit divestment target
Shell Gabon assets valued at around $700 million By Ron Bousso LONDON, Nov 25 (Reuters) – Royal Dutch Shell is in advanced talks with a party interested in buying its onshore operations in Gabon as part of a $30 billion divestment plan following its purchase of BG Group, which was completed in February. Shell had informed its […]
Shell Q4 profit down 44 per cent to $1.83 billion
Shell Q4 results reported as the energy giant seals $52.4B takeover of BG Group LONDON _Royal Dutch Shell said fourth-quarter earnings tumbled 44 per cent as the collapse in oil prices took its toll on another global energy giant. Profit adjusted for changes in the value of inventories and one-time items dropped to $1.83 billion […]
Shell expects Q4 profits to drop at least 40 per cent
Despite drop, Shell will press ahead with BG Group merger LONDON _Royal Dutch Shell expects its fourth quarter profits to drop at least 40 per cent to between $1.6 billion and $1.9 billion after a sharp drop in crude oil prices, but underscored its determination to press ahead with the proposed mega-merger with BG Group […]
US upstream oil/gas M&A to surge in 2016 following 73% plunge in 2015
Upstream North American shale plays were hard hit: total value of shale transactions just $29 billion, down from $71 billion in 2015 HOUSTON, Texas – Upstream merger and acquisition (M&A) activity is set to rebound from its record low in 2015, according to a new study from oil and gas information and insight provider 1Derrick. […]
Lake Charles LNG Project green lighted by feds
Lake Charles LNG Project expected to be one of largest LNG export initiatives in US BG Group and Energy Transfer Equity, L.P. have received approved from the US government to build the Lake Charles LNG Project, the companies announced Thursday. US Federal Energy Regulatory Commission was the key remaining regulatory consent for the natural gas liquefaction and export […]
Shell defends BG deal, promises $1 billion in savings
Shell bought BG Group for $69.7 billion in April LONDON _ Royal Dutch Shell outlined Tuesday its strategy for making its merger with BG profitable in a world with falling oil prices, revealing another $1 billion in cost savings from the deal. Chief Executive Officer Ben van Beurden said cost savings for the deal are […]
Shell buying BG Group, major player in Canadian oilsands, LNG
Shell shells out $69.7 billion in cash and stock in purchase Royal Dutch Shell has agreed to buy British gas producer BG Group for the equivalent of US$69.7 billion in cash and stock, a move that could strengthen Shell’s position in the global energy sector. Shell said the takeover will add 25 per cent to […]
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