BG announces its Fifth consecutive Tanzania gas discovery

• Wednesday, 16th May 2012
• by Egypt Oil & Gas

BG Group today announced its fifth consecutive Tanzania gas discovery with the Mzia-1 exploration well located in Block 1, offshore southern Tanzania. Mzia-1 is BG Group’s first discovery within the deeper Cretaceous ...

BG Group profits more than double on high gas prices

• Tuesday, 26th July 2011
• by Egypt Oil & Gas

BG, one of the UK’s three largest gas producers, profits more than doubled in the second quarter due to high natural gas prices and increased production. Profits before tax rose to $2.25bn (£1.38bn), up from $86...

Kenya: BG Group signs Production Sharing Contracts for offshore Blocks L10A and L10B

• Thursday, 19th May 2011
• by Egypt Oil & Gas

BG Group has signed Production Sharing Contracts with the Government of Kenya for two offshore exploration blocks – L10A and L10B. BG Group will be operator on both blocks and will hold a 40% equity interest in ...