BG
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Shell to Finalize EDCO’s Loan Repayment
Tuesday, 3rd January 2017
Royal Dutch Shell will completely repay the second tranche of its $2b EDCO liquefaction plant loan by December 2017. -
Oil Ministry’s Dues Owed to Shell, BG Increase to $1.1b
Monday, 18th July 2016
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, from $1b in April 2016. -
Oil Ministry Confirms BG’s West Delta Deep Marine Commitment
Tuesday, 22nd March 2016
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. -
Leviathan Partners and BG Negotiating $30b Egypt Gas Deal
Monday, 28th December 2015
The partners in Israel’s Leviathan Gas Field are close to an agreement with British Gas (BG) to export gas to Egypt. The $30b deal is expected be signed before BG is purchased by Shell in late January. -
Aphrodite Gas Within Egypt’s Reach Thanks to BG Deal
Tuesday, 24th November 2015
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 the country’s plans to supply Egypt with natural gas. -
BG Acquisition Still Good Sense, Despite Low Oil Price, says Shell
Tuesday, 3rd November 2015
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. -
BG Acquires New Stakes in Newfoundland
Tuesday, 29th September 2015
British-based BG announced their partial acquisition of three exploration blocks off the coast of Newfoundland, CBC reported. -
Tarek El-Molla in Arbitration Talks with BG, Fenosa
Monday, 21st September 2015
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 the solution to the energy shortage crisis in Egypt in the next period. -
Sisi: Egypt is Committed to Paying Off Debt to IOCs
Monday, 10th August 2015
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. -
BG Egypt Appoints New President
Monday, 27th July 2015
BG Egypt, a subsidiary of BG Group and one of Egypt's largest natural gas producers, has appointed Khaled Kacem as its president, the company said in a statement on Sunday.
Latest News
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Egypt Plans to Achieve Diversity in Clean Energy Resources by 2025: El Molla
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021