|
BG Group is to move into the US shale gas production sector with a £790m investment in a joint venture with Exco, including 120,000 acres in Louisiana and Texas. 01-Jul-2009 BG Group has agreed to acquire a 70% stake in Pure Energy, in a deal that values the Australian coal-bed methane producer at £497m. 24-Mar-2009 BG Group is to acquire Queensland Gas Company of Australia for £2.2bn, in order to benefit from rising demand for LNG. 29-Oct-2008 BG Group has launched a £6.1bn takeover bid for Origin Energy of Australia, in order to strengthen its position in the growing global market for liquefied natural gas. 01-May-2008 BG is to invest £299m in coal seam gas assets in Australia by forming an alliance with Queensland Gas Company. 04-Feb-2008 BG Group is to close its Microgen Technology business in Peterborough with the loss of about 59 jobs, having been unable to find a manufacturer for its micro-combined heat and power technology. 06-Apr-2007 BG Group has announced a major gas condensate discovery in the central North Sea, with estimated recoverable reserves of up to 275m barrels. 04-Sep-2006 BG Group is to invest £500m in gas exploration and development projects in countries such as the UK and Tunisia, in addition to the previously-announced planned expenditure of £2.6bn for 2005-06. 09-Nov-2005 BG Group and Keyspan have agreed to sell the Premier Transmission gas pipeline between Scotland and Northern Ireland to a debt-funded trust called Premier Transmission Financing. 18-Mar-2005 BG Group is to buy four new liquefied natural gas ships from Samsung Heavy Industries of South Korea for £348m, and they will be delivered in 2007 and 2008. 27-Apr-2004 BG Group has acquired Aventura Energy, the Canadian gas exploration company with interests in Trinidad and Tobago, for £95m. 23-Mar-2004 BG has acquired oil and gas fields off Mauritania from Hardman Resources for £78m, which could lead to the development of a new LNG facility. 20-Feb-2004 BG Group is to acquire El Paso Oil & Gas of Canada for £183m, as part of a strategy to expand its North American gas acreage. 17-Feb-2004 BG Group and Petroplus have announced plans to build a £250m terminal at Milford Haven to import liquefied natural gas. 14-Nov-2003 BG Group is to buy three liquefied natural gas ships from Samsung Heavy Industries for about £270m, in order to increase its capacity to transport LNG from terminals in Trinidad and Egypt. 21-Oct-2003 BG Group has raised £600m from the sale of its stake in the North Caspian Sea oil project to Sinopec of China, and the proceeds will be invested in schemes such as the North Sea Buzzard field and Egyptian LNG. 12-Mar-2003 BG Group has won approval to build a £211m liquefied natural gas terminal at Brindisi in Italy, in order to import gas from Egypt. 19-Nov-2002 BP and BG Group have agreed a complex deal to swap assets in the North Sea, with BG increasing its stake in the Neptune and Atlantic gas fields and BP acquiring cash and minority stakes in a number of oil fields. 22-May-2002 BG Group has sold its stake in BG Rimi to CPL Concordia for £11m, in order to reduce its oil and gas exploration interests in Italy. 29-Oct-2001 BG Group is to acquire Enron Oil & Gas India from Enron for £262m, in order to expand its opportunities in oil and gas exploration off the west coast of India. 04-Oct-2001 BG has paid $80m to buy out its local partner in the Gujarat Pipavav liquefied natural gas project in India, and is planning to invest a further $550m in the terminal. 29-Aug-2001 BG is to buy two liquefied natural gas tankers from Samsung Heavy Industries and has options on a further six vessels, as part of a strategy to increase its share of the worldwide LNG market. 27-Jul-2001 BG is to sell its natural gas storage business to Dynegy of the US for £421m, which will involve the transfer of 260 employees and a processing terminal at Easington. 17-Jul-2001 BG has made a "significant oil discovery" near the Blake field in the North Sea, on behalf of a consortium led by PanCanadian Petroleum. 08-Jun-2001 BG has agreed a 22-year contract with CMS Energy to take over the import capacity at the Lake Charles liquefied natural gas terminal in Louisiana, which will provide a new outlet for its gas fields in Egypt and Trinidad and Tobago. 18-May-2001 BG Group has announced plans for a £630m liquefied natural gas project in Egypt in partnership with Edison and the Egyptian General Petroleum Corporation, including the construction of a new plant at Idku. 10-Apr-2001 BG Group is selling a 24.5% stake in Phoenix Natural Gas of Northern Ireland to East Surrey Holdings for £50m. 01-Mar-2001 BG's Premier Transmission subsidiary and ESB of Ireland have won approval to build a £250m gas-fired power station near Londonderry. 18-Aug-2000 BG is planning to set up a centre of excellence for the development of natural gas vehicles in the South East of England, in order to co-ordinate sales and marketing of the technology around the world. 03-Jul-2000 BG is to install automatic gas and electricity meter reading equipment in about 50,000 homes in Manchester and London, in a pilot scheme with BCN Data Systems. 30-Jun-2000 BG is planning to invest £300m in new gas production and exploration projects in Tunisia over the next nine years. 17-May-2000 BG has announced plans to separate its UK gas pipeline business from its international gas exploration and production activities, and both arms of the demerged company will seek investment opportunities in telecoms. 23-Mar-2000 BG has announced plans to create a further 500 jobs at its customer service call centre in Leeds. 21-Mar-2000 BG is planning to set up a telecoms venture by the end of the year, which will involve running fibre optic cable alongside its gas pipeline network. 23-Feb-2000 BG's Premier Transco subsidiary has announced plans to build a £100m gas pipeline between Belfast and Dublin, but rival proposals are expected from Viridian and Questar. 01-Feb-2000 BG International has won approval for the £158m development of the Blake oilfield in the North Sea, and production will start in August 2001. 14-Jan-2000 BG has started producing gas at the £150m Easington joint venture with BP Amoco and Amerada Hess, and expects to maintain 250m cu ft a day for three years. 22-Dec-1999 BG is considering plans to move into the telecoms market by using its gas pipelines network as a conduit for fibre optic cable. 10-Dec-1999 BG is to acquire Tesoro Bolivia Petroleum for £62m, as part of a strategy to build up an integrated gas business in South America. 23-Nov-1999 BG has received an allocation of shares in the Gas Authority of India, the gas monopoly that is being privatised. 08-Nov-1999 BG is acquiring a 50% stake in five Israeli offshore exploration licences from a consortium led by Isramco. 22-Oct-1999 BG is to issue a £500m bond as part of a capital restructuring designed to partially separate the Transco pipeline business from its international exploration operations. 02-Oct-1999 BG is to open a new office in Wakefield as part of a nationwide expansion of its BG Energy Services division, in order to provide gas infrastructure services to the industrial and commercial markets. 11-Sep-1999 BG is forming a joint venture with Edison International of Italy and the Egyptian Petroleum Corporation to develop the largest gas field in Egypt. 12-Aug-1999 BG has announced plans to invest £5bn in its international energy business over the next four years, including projects in Latin America, Trinidad and Kazakhstan. 21-Jul-1999 BG is looking for alternative opportunities in the Korean gas sector following the collapse of negotiations to acquire a 15% stake in Korea Gas. 03-Jul-1999 BG is forming a new holding company called BG Group that will be listed on the London and New York stock exchanges, as part of a restructuring process that will assist with the expansion of its international gas business. 19-Jun-1999 BG, the gas pipeline company, is to receive a £250m windfall payment from its holding in Dynegy, following a decision by the US company to merge with Illinova in a $7.5bn deal. 15-Jun-1999 BG has formed a consortium with Shell to acquire a controlling stake in the Brazilian gas company Comgas from the state of Sao Paulo, for £602m. 15-Apr-1999 BG has sold 5% stakes in the Interconnector gas pipeline to both Distrigas of Belgium and Ruhrgas UK Exploration & Production of Germany, which will leave it with a 25% stake. 20-Feb-1999 BG Storage and InterGen are appealing against refusal of planning permission for their £120m scheme to build gas storage caverns in East Yorkshire. 17-Feb-1999 Eastern Group is acquiring holdings in Citigen (London), BG Cogen, and Sheffield Heat & Power from BG for £16m. 22-Dec-1998 BG has announced the discovery of a potentially large gas reserve in Bolivia. 19-Nov-1998 BG has won government approval for the £150m development of the Neptune and Mercury gas fields off Yorkshire, and production is due to start by the end of 1999. 10-Nov-1998 BG has agreed terms with Ofgas for the ending of its gas storage monopoly, and will auction five-year contracts representing 46% of its capacity. 11-Sep-1998 Ofgas has announced proposals to end BG's gas storage monopoly, which include the auctioning of 46% of its delivery capacity to rival suppliers under long-term contracts. 18-Jul-1998 BG is increasing its stake in MetroGas of Argentina from 41% to 66% at a cost of £45m, as part of a strategy to establish a regional gas infrastructure in Latin America. 16-Jul-1998 BG is considering plans to sell parts of its gas storage division, in response to calls from Ofgas for the introduction of competition into the business. 22-Jun-1998 BG is set to announce that it has won a $220m contract to develop a gas transmission and distribution system in Egypt. 17-Apr-1998 BG, along with a number of other major oil and gas companies, has signed two production sharing agreements in Kazakhstan, concerning the Karachaganak field and the North Caspian field. 19-Nov-1997 BG is linking up with Arco to produce liquefied natural gas in Indonesia in order to supply the proposed Tangguh LNG processing plant in Irian Jaya. 31-Oct-1997 BG has reached a compromise agreement with Ofgas which could result in cuts of up to a quarter in gas transportation charges and a possible £34 annual saving for households. 15-Oct-1997 Burlington Resources of the US has bought all of BG's interests in the East Irish Sea, and BG is in discussions with about 60 other companies over the sale of further non-core assets. 14-Oct-1997 BG has announced details of its share buyback, which will involve £1.3bn being returned to its 1.4m shareholders. 30-Sep-1997 BG is to sell Pipeline Integrity International, its pipeline maintenance business, to Mercury Asset Management for undisclosed terms. 27-Sep-1997 BG has announced the discovery of natural gas at two exploration wells north of Trinidad. 13-Aug-1997 BG, formerly British Gas, has awarded a £160m five-year contract to ICL for the outsourcing of part of its telecommunications business. 06-Aug-1997 BG's Transco subsidiary is to cut its gas pipeline transmission prices, resulting in an average price cut for consumers of £29 per year, following a decision by the Monopolies & Mergers Commission to endorse a demand by Ofgas. 19-Jun-1997 Enron of the US has been ordered by the High Court to pay over £150m to BG and partners for wrongly holding back payments in a dispute over gas transportation. 04-Jun-1997 Brooklyn Union of New York is acquiring a 24.5% stake in Phoenix Natural Gas and Premier Transco, BG's pipeline and supply operation in Northern Ireland, for undisclosed terms. 26-Feb-1997 British Gas has been demerged into two new businesses - Centrica, the domestic gas trading and supply operation, and BG plc, the pipeline and international exploration and production operation. 13-Feb-1997
|