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Tag: BG

Bloomberg: Egypt exports rare LNG cargo to Japan in midst of newfound buying binge

Posted: June 18, 2016 at 4:21 pm   /   Oil & Gas

• Japan’s Tohoku Electric says it buys cargo loaded from Egypt. • Egypt exports second LNG cargo this year after halt in 2015. One of the world’s newest liquefied natural gas importers is again shipping out the fuel. Egypt, which last year began importing LNG to meet domestic demand while halting shipments from two multibillion-dollar […]

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Video: Royal Dutch Shell plc provides an update on the company and strategy

Posted: June 8, 2016 at 6:51 pm   /   Oil & Gas

Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc, provided an update on the company and strategy on June 7, 2016 during the Shell capital markets day in London, United Kingdom. More information on (Source: Shell)

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Shell and BG to receive $400 million of dues by end of June

Posted: May 18, 2016 at 12:51 pm   /   Oil & Gas

The $3.2 billion debt is promised to be fully repaid by the end of 2016. Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the […]

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Video: Shell CEO Ben van Beurden interview with ABC News 24, Australia

Posted: May 8, 2016 at 10:43 am   /   Oil & Gas

Australian broadcaster ABC News 24’s Ticky Fullerton spoke to Shell CEO Ben van Beurden in Perth on the sidelines of the 18th International Conference & Exhibition on Liquefied Natural Gas (LNG 18), on April 12, 2016. Ben discussed the challenges created by oversupply and increased volatility in the oil market, the importance of becoming cost-competitive, […]

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Ministry of Petroleum to allow BG to export liquefied gas through ADCO

Posted: April 12, 2016 at 11:11 am   /   Oil & Gas

BG withdrew its oil drills from the Burullus field in February before the company was acquired by Shell. The Ministry of Petroleum vowed to allow British Gas Group (BG), now a subsidiary of Shell, to export liquefied gas through the infrastructure of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO). The decision comes after […]

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Egyptian Oil Ministry refutes reports on BG suspending development projects

Posted: March 24, 2016 at 2:31 pm   /   Oil & Gas

BG Egypt, a subsidiary of BG Group, a UK company recently taken over by Shell, has reportedly stopped work on some Mediterranean Sea projects, offshore Egypt. According to a Reuters report on Tuesday, which cited an official at the Egyptian General Petroleum Corp (EGPC), the company couldn’t reach a deal with the Egyptian government on […]

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BG demands Egyptian government to raise gas price to $7 per million BTUs

Posted: March 22, 2016 at 10:51 pm   /   Oil & Gas

After stopping 9B stage, BG asks government to raise the price of gas to $7 or pay $1bn immediately. BG, a subsidiary of Royal Dutch Shell, is negotiating with Egyptian General Petroleum Corporation (EGPC) to price gas at $7 per million BTUs in the 9B concession area in Egyptian Mediterranean waters. EGPC has offered $ […]

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BG Egypt suspends some development wells over price dispute – source

Posted: March 22, 2016 at 10:40 pm   /   Oil & Gas

BG Egypt has suspended work at some Egyptian development projects after it failed to agree with the government on the price of gas, an Egyptian General Petroleum Corp (EGPC) official told Reuters on Tuesday. “BG has stopped work at 9A+ and 9B after failure to reach an agreement on the fixed price to be paid […]

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British companies looking to bring experience and expertise to Egypt’s new energy discoveries

Posted: February 24, 2016 at 1:31 pm   /   Oil & Gas

Terry Willis, Director of Africa and Middle East at the Energy Industries Council (EIC), has affirmed Egypt as a key market for leading British companies working in the oil and gas sector. Willis is in Egypt leading a week-long trade mission for eight British companies that provide specialised goods and services to the global energy […]

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Infographic: Shell's LNG Portfolio after BG takeover

Posted: February 15, 2016 at 8:51 pm   /   Oil & Gas

From February 15, BG Group is part of Royal Dutch Shell. This combination brings together two world-class portfolios creating a more competitive company. We have acquired productive oil and gas projects across countries including Brazil and Australia and will be able to shape a simpler, leaner company. Together we will focus on our core expertise […]

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