Bg Group News

 

BG Group, Woodside start Myanmar seismic

Nov 20, 2015

Two seismic acquisition campaigns are due to start offshore Myanmar in coming weeks according to reports of a notice in state media from the country. UK-based BG Group and Australia’s Woodside Energy will both start 3D campaigns later this month using the Ramform Sovereign and Ramform Titan…

BG updates Brazil operations

Oct 27, 2015

BG group's Brazilian operations reached record net production of 159,000 boe/d in July 2015.  Located 300km from Sao Paulo, BG Group along with partners Petrobras, PTTEP Brasil, and Petrogral, have interest in Sapinhoa, Lapa, Lula…

Australia delays BG, Shell merger decision

Oct 22, 2015

The Australian Competition & Consumer Commission (ACCC) has pushed back its deadline to make a decision on Shell’s US$70 billion bid for BG Group. The ACCC says the deadline, initially set to September 17, before being delayed until November 12…

BG Group to explore offshore Newfoundland

Sep 28, 2015

BG Group has acquired three non-operated positions offshore Newfoundland from Repsol. This provides the company with access to early stage exploration in a proven prospective basin ahead of the first well being drilled later this year…

Shell, BG merger hit by Aussie delay

Sep 17, 2015

The US$70 billion Shell and BG Group merger is being delayed until November 2015 by the Australian Competition and Consumer Commission (ACCC) after a warning that the billion dollar takeover could increase Australian gas prices, plus limit domestic gas supplies…

BG breaks records in 2Q

Jul 31, 2015

BG Group’s revenue and operating income may have decreased in 2Q 2015, but the soon-to-be acquired company has also hit several milestones, including reaching record production levels in two countries. BG's QCLNG pipeline in Australia…

Shell, BG deal clears Brazilian hurdle

Jul 27, 2015

Shell's acquisition of BG Group has cleared another major hurdle - unconditional merger clearance from the Brazilian competition authority (CADE).  The  clearance follows CADE’s initial approval of the combination on 8 July 2015, and…

BG starts renewables-powered platform

Jul 08, 2015

First oil has been produced from the Mukta-B (MB), a four legged renewables-powered unmanned wellhead platform in the offshore Bombay basin, India. The project marked several firsts, including the use of green technology involving hybrid…

DeepOcean, BG Group sign five-year IMR contract

Jun 16, 2015

BG Group awarded DeepOcean a five-year inspection, maintenance, and repair (IMR) contract. The contract covers all ROV-based IMR work for BG Group on its UK and Norwegian subsea assets. DeepOcean will use vessels from its North Sea-based fleet for work under this contract…

Shell, BG merger clears US regulatory hurdle

Jun 16, 2015

Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early termination of the US antitrust waiting period from the US Federal Trade Commission. The company…

Erskine offers Serica new opportunity

Jun 05, 2015

Chevron's Erskine field has restarted production after being shut-in since September last year while a major upgrade was carried out on BG Group's Lomond facility, which it exports production through. Before the shut-down, the field was producing about a quarter of what is able to…

BG Group finalizes QCLNG pipeline sale

Jun 03, 2015

BG Group completed the sale of its wholly-owned 543km pipeline network linking natural gas fields and the Queensland Curtis Liquefied Natural Gas (QCLNG) export facility to APA Group. This transaction has resulted in gross proceeds for BG Group of around US$4…

BG Group, Prosafe agree contract changes

May 22, 2015

Floating accommodation provider Prosafe and BG Group have agreed to re-phase the Safe Bristolia accommodation support vessel's 2015 work program at the Everest platform.  The move will see the unit spend less time in 2015 at the UK North Sea Everest platform…

QCLNG begins operations

May 21, 2015

BG Group announced that operational control of Train 1 at its Queensland Curtis LNG plant has been formally transferred to QGC, BG Group's Australian subsidiary, from Bechtel Australia, which constructed the facility. QCLNG…

Dry run continues for BG Group offshore Norway

Apr 17, 2015

Shell takeover target BG Group has continued a dry exploration run offshore Norway with its latest exploration well near the Knarr field.  The 34/3-5 well, on production license 373 S, in 403m water depth, was drilled about 5km southeast of Knarr in the Northern North Sea…

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