BG | Egypt Oil & Gas
Oil Ministry’s Dues Owed to Shell, BG Increase to $1.1b
The total amount of dues that are owed by the Egyptian Ministry of Petroleum to British Gas (BG) and Shell, in return for their shares in the gas produced at El-Borollos and Rasheed fields, have increased to $1.1b, fr...
Oil Ministry Confirms BG’s West Delta Deep Marine Commitment
An official at the Ministry of Petroleum denied reports that gas company BG had halted production and development of two stages of its offshore West Delta Deep Marine project, Egypt Oil & Gas reported. Reuters had...
Leviathan Partners and BG Negotiating $30b Egypt Gas Deal
The partners in Israel’s Leviathan Gas Field are close to an agreement with British Gas (BG) to export gas to Egypt, Israeli business journal Globes reports. According to sources, the $30b deal will be signed before B...
Aphrodite Gas Within Egypt’s Reach Thanks to BG Deal
The energy minister of Cyprus, Yiorgos Lakkotrypis, announced on Monday that a move by British oil and gas company BG International to buy a stake in Cyprus’ offshore mineral deposits was an important step forward for...
BG Acquisition Still Good Sense, Despite Low Oil Price, says Shell
Royal Dutch Shell said on Tuesday that its planned acquisition of BG Group still makes financial sense, despite low oil prices, which analysts say are likely to continue for some time, reports Reuters. Shell told jour...
BG Acquires New Stakes in Newfoundland
British-based BG announced their partial acquisition of three exploration blocks off the coast of Newfoundland, CBC reported. The blocks are about 200 km east of Saint John’s, the national capital. Spain’s Repsol sold...
Tarek El-Molla in Arbitration Talks with BG, Fenosa
Daily News Egypt learned that talks between Petroleum Minister Tarek El Molla, Spanish firm Fenosa, and Britain’s British Gas (BG) Group are still ongoing. El Molla stated that both companies are going to be part of t...
Sisi: Egypt is Committed to Paying Off Debt to IOCs
Egyptian President Abdel Fattah al-Sisi said that his government is “committed” to paying up debts to oil and gas companies “operating on its soil,” reported Aswat Masreya. The statemnt comes a...
