Royal Dutch Shell Plans to Limit Spending
Wednesday, 8th June 2016
Oil giant Royal Dutch Shell plans to increase cost savings to $4.5b following its $54b acquisition last February of BG Group, which Chief Executive Officer, Ben van Beurden, said will make it the best oil company investment, ahead of Exxon Mobil.
Egypt’s Oil Ministry to Allow BG to Export Liquefied Gas
Tuesday, 12th April 2016
Egypt's Ministry of Petroleum vowed to allow British Gas Group (BG), now a subsidiary of Shell, to export liquefied gas through the infrastructure of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO).
BG Group to miss 2015 output target on Egypt, UK woes
Thursday, 7th February 2013
The UK's BG Group no longer expects to meet a medium-term production target of more than 1 million b/d of oil equivalent by 2015, the company said Tuesday, as short-term production issues in Egypt and the UK continue to weigh on BG's upstream.
BG Said to Sell Gas Field Off Gaza After Israel Blocks Project
Sunday, 11th March 2012
BG Group Plc, the U.K.'s third- largest oil and gas producer, will sell a gas field off the Gaza Strip after its development was blocked by Israel, according to two people with knowledge of the matter.
MERGER MANIA: A RECIPE FOR RIDING THE DOWNSTREAM WAVE
Sunday, 13th September 2015
Not a day goes by without a headline about a major merger or acquisition in the global oil and gas sector—recently Halliburton swallowed up Baker Hughes for $35b and, bigger still, Royal Dutch Shell bought out BG Group for $70b. But how can this be happening with oil prices being so painfully low? The oil sector everywhere is supposed to be cash strapped, so where are companies—especially independents like Halliburton—getting the money to make such purchases? Why make such a risky move to begin with in such a volatile price environment?