BG boss warns of “disappointing” 2013 results

The boss of British oil and gas explorer BG Group today admitted its earnings for 2013 will be “disappointing”. In guidance for figures due out on 4 February, BG stated total results earnings are expected to be down roughly 33% to around $2.2 billion (£1.3bn). The firm put this down to the difficult operating environment […]

UK Jasmine field produces first gas

First gas has been produced from the Jasmine field (pictured) in the UK’s North Sea. The field, claimed to be one of the largest discoveries in the UK in the last 10 years, was found in 2006 by its operator ConocoPhillips, a US explorer, which holds a 36.5% stake together with Italian firm Eni (33%) […]

BG Group secures 20-year LNG deal with India

BG Group has announced it has signed an agreement for the long-term sale of liquefied natural gas (LNG) to India. Under the agreement, the British firm will supply up to 2.5 million tonnes per annum (mtpa) of LNG to state-owned Gujarat State Petroleum Corporation Limited (GSPC) for up to 20 years. It will initially supply […]

BG Group starts oil production offshore Brazil

British firm BG Group has announced the start of commercial oil production from the Sapinhoá field offshore Brazil. The field is believed to be one of the oil and gas company’s “big five” discoveries in the pre-salt Santos Basin and is expected to pump an initial 25,000 barrels a day. The Cidade de Sao Paulo […]