Australia's Pancontinental is withdrawing from the BG Group-operated Kenya license L10B and from the production sharing agreement governing L10B. Pancontinental holds a 25% interest in L10B, while BG holds 75%. L10B is immediately south of area L10A…
International oil major Shell has made a US$70 billion cash and share offer for UK-headquartered deepwater and LNG-focused BG Group in what is one of the first supermajor deals since the early 2000s. The move, which offers a 52% premium to BG Group's share price…
The Petroleum Safety Authority Norway (PSA) is investigating a fire that broke out on the Petrojarl Knarr floating production, storage and offloading (FPSO) in the Knarr field, North Sea. Petrojarl Knarr achieving first oil…
BG Group began production at the Knarr field in the North Sea, seven years after its discovery. In this video, BG Group takes you to the process to get to this month, where its first floating vessel development is expected to deliver vital resources to the European energy market…
First production has started from the BG Group-operated Knarr field in the Norwegian sector of the North Sea. Knarr, discovered in 2008, with estimated gross recoverable reserves around 80 MMboe, is being produced from two subsea templates…
GDF Suez E&P UK made a new discovery at the Dalziel structure in the UK Central North Sea. The Transocean Galaxy II jackup. From Transocean. Well 22/16-6 flowed at rates in excess of 8000…
BG Group has completed drilling two wells in the Norwegian sector of the North Sea classified as dry by the Norwegian Petroleum Directorate (NPD). The 34/3-4 S and 34/3-4 A wells were drilled on production license 373 S, about 5km east of the Knarr field in the northern part of the North Sea…
Former Statoil CEO Helge Lund has officially started his new role as CEO and executive director at BG Group - a month ahead of his planned start date. Andrew Gould, who has been serving as interim Executive Chairman of BG Group since April 2014…
Statoil's newly appointed CEO and president Eldar Sætre says Statoil is 'well prepared' to tackle the large uncertainty facing the oil and gas industry, amid five-year low oil prices. Sætre (pictured), who has been acting CEO and president of Statoil since October…
BG Group has signed a six-year global alliance with KBR to provide technical support, services (in both the pre-FEED and FEED stages), and project management expertise across BG Group’s global upstream portfolio. Under the agreement, which has options to extend up to 10 years…
The Egyptian government has repaid a further US$350 million in outstanding debt to oil and gas firm BG Group. BG Group, one of a number of companies owed cash by the Egyptian government, says it is now owed US$920 million. In October…
Petrobras is expected to propose a multi-FPSO development for the deepwater, pre-salt Santos Basin Iara area after submitting a declaration of commerciality to authorities. The Iara area, in block BM-S-11, 214-250km off the coast of Rio de Janeiro…
BG Group started loading the first cargo of LNG from its Queensland Curtis LNG (QCLNG) facility this week on the Methane Rita Andrea tri-fuel diesel electric (TFDE) LNG carrier. The Methane Rita Andrea…
BG Group is selling two modern tri-fuel diesel electric (TFDE) LNG carriers to GasLog for US$460 million, a deal that will help the company pay down its debt. Methane Becki Anne. From BG Group. The…
Ithaca Energy has appointed Roy Buchan as its Chief Operations Officer, starting 5 January 2015, and announced that Chief Development Officer John Woods is to leave the company on 31 January. The move comes as Ithaca nears first production…
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