New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 27, 2014
06:01 EDTBRGYYBG Group declares force majeure in Egypt
BG Group has issued Force Majeure notices under its LNG agreements in Egypt reflecting the ongoing diversions of gas volumes to the domestic market in excess of the existing pooling arrangements. For 2013, BG Group expects production and LNG Shipping & Marketing results to be consistent with market guidance. Full year 2013 production is expected to be approximately 633 kboed, which includes around 570 kboed from base assets. In Egypt, diversions to the domestic market during the fourth quarter were higher than expected. The revised pooling arrangements put in place for 2013 have not been honoured and domestic diversions are currently at around capacity, close to 1 billion standard cubic feet of gas per day. As a result, BG Group has been unable to meet in full its obligations to deliver gas to Egyptian LNG and given the current levels of domestic diversions and the continued uncertainty around the level of future diversions, BG Group has served Force Majeure notices under its LNG Agreements to buyers and lenders. BG Group remains committed to the Egyptian LNG Project and will continue to negotiate with the Egyptian authorities and other stakeholders to seek a long term solution. In 2014, BG Group’s production volumes are expected to be in the range of 590 – 630 kboed with base assets contributing in the range of 480 – 520 kboed, excluding portfolio changes. BG Group currently expects production for 2015 to be in the range of 710 – 750 kboed, excluding portfolio changes.
News For BRGYY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2015
06:07 EDTBRGYYShell sees 2015 cap. investment about $30B, down $3B since last update in April
06:06 EDTBRGYYShell sees BG Group deal completed in early 2016 'as planned'
Subscribe for More Information
06:05 EDTBRGYYRoyal Dutch Shell sees 6,500 staff, direct contractor reductions in 2015
Subscribe for More Information
06:04 EDTBRGYYRoyal Dutch Shell says successfully reducing CapEx, operating costs
Subscribe for More Information
July 26, 2015
20:51 EDTBRGYYShell, BG Group receive clearance from Brazil for proposed merger
Subscribe for More Information
16:33 EDTBRGYYMacquarie submits bid for BG Group agricultural land portfolio, AFR says
Macquarie Group (MQBKY) and Stanbroke Pastoral have submitted bids for a portfolio of agricultural land holdings owned by BG Group's (BRGYY) Queensland Gas, reports the Australian Financial Review, without naming sources. Reference Link
July 20, 2015
06:12 EDTBRGYYRoyal Dutch Shell may cut CapEx for the year, FT reports
Subscribe for More Information
July 19, 2015
16:33 EDTBRGYYShell expects 'billions' more in synergies from BG Group deal, FT says
Shell (RDS.A, RDS.B) CFO Simon Henry told a group of roughly 40 investors and analysts that the company's proposed acquisition of BG Group (BRGYY) is financially sound despite less-than-ideal oil prices due to "value synergies" at a multiple of $1B, reports the Financial Times, citing sources present at Henry's speech. The CFO insisted that the takeover works even with oil near $70 a barrel, explaining that cash flow would be immediately improved and the current dividend would be maintained, said the sources. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use