BG | Egypt Oil & Gas - Part 2
Petroleum Ministry: BG’s Egypt Projects Not Affected by Shell Buyout
In an exclusive with Youm7; informed sources at the Ministry of Petroleum and Mineral Resources said that Royal Dutch Shell’s purchase of the BG Group will have no impact whatsoever on BG’s projects and investments. T...
Rising Oil Prices Add Pressure to Shell-BG Deal
Rising oil prices are putting Royal Dutch Shell under pressure to execute its landmark $70 billion deal to buy rival BG as soon as possible before investors in BG start to take a more critical look at the terms. Annou...
ExxonMobil Looks at Mergers and Acquisitions
Speaking to analysts in New York last month, Rex Tillerson, chief executive of ExxonMobil, stressed how the company’s great financial strength gave it options that were not available to most of its competitors. “We ma...
Shell Acquires BG for $70Bn
Royal Dutch Shell announced on Wednesday its deal to acquire gas giant BG for $70bn, reported Reuters. The deal is a rare and major acquisition in the oil world. Shell’s decision was driven by its goal to close the ga...
Idku plant LNG exportation collapses 2014: BG official
The Idku liquefied natural gas (Idku) factory exports decreased from approximately 50 LNG shipments in 2013, to 5 shipments in 2015, according to a senior British Gas (BG) official. The export figures come in light of...
BG Group receives $350 mln payment from Egypt
Britain’s BG Group said on Friday it had received a $350 million payment from the Egyptian government following the country’s decision to repay outstanding debts to the energy industry. Egypt has delayed p...
BG Sees Production Falling as Egyptian Gas Curbs Cut Profit
BG Group Plc (BG/), the second U.K. oil and gas producer to issue a profit warning this month, said output will drop this year as political turmoil cuts exports from Egypt and other projects are delayed. The shares pl... Egypt says has signed debt deals with Petronas, BG Group
The Egyptian government has signed agreements with Malaysia’s Petronas and Britain’s BG Group to reschedule debt owed by Cairo, the minister of petroleum, Osama Kamal, told reporters on Tuesday. He did not... 
