The Times BG Group disappointed investors yesterday, despite third-quarter profits that were higher than expected, after delays to a gas project off the coast of Tunisia led it to miss a key production target. BG said that it would produce the equivalent of two million barrels of oil less than previously forecast in the final three months of 2009 because of technical problems on its new...
All Africa "African Manager" reports that a new gas...
The Guardian By February 08, 2010, 11:01AM We have had unprecedented demand for today’s Times-Picayune celebrating the Saints’ Super Bowl victory with its historic 5-inch-tall “AMEN!” headline. We expect this to be the best-selling Times-Picayune in our 173-year history. We have been printing through the night and are continuing to print copies now to meet your...
Yahoo Daily News LONDON (AFP) – Energy producer BG Group said Wednesday that net profit tumbled 43.5 percent in the third quarter due to weaker natural gas prices and lower-than-expected output. Net profit sank to 484 million pounds in the three months to September, compared with 857...
The Independent BG Group's 44 per cent drop in third-quarter profits beat analyst expectations, but production fell short because of delays at a gas operation in Tunisia. Challenging trading conditions and depressed oil and gas prices pushed profits down to £484m, from £857m in 2008. "It has been...
Offshore Magazine Jeremy Beckman - Editor, Europe Most countries in the Middle East have experienced some fresh offshore activity over the past 12 months. But the main event of note was Noble Energy’s subsalt gas discoveries in the previously unexplored deepwater Levantine basin. First up in January was Tamar, 90 km (56 mi) offshore Haifa in northern Israel, which encountered three...
Newsvine Gideon Rachman of Financial Times in his article “Hotheads, fainthearts and Gaddafi” wrote that the argument over whether to fight in Libya had many aspects to it – ideology, national interest, diplomacy, military calculation. But the most important divide in the western world was temperamental. The Libyan debate pitted the hotheads against the ditherers. The...
The Guardian * Q3 net profit down 44 pct to 484 mln stg * Underlying profit 474 mln stg vs average poll 444 mln stg * Production up 5 pct on Q3 2008, below forecasts * 2009 output seen below target * Stock down 2.2 pct, lagging sector index (Adds quotes, detail, background) By Tom Bergin LONDON, Oct 28 (Reuters) - British gas producer BG Group posted a smaller than expected rise in output...
The Guardian * Drop in oil, refinery margins hit Conoco, PetroChina * Britain's BG output lags, but LNG helps * ConocoPhillips sees improvement in energy demand By Matt Daily NEW YORK, Oct 28 (Reuters) - Weaker crude oil prices and slumping margins at refineries knocked quarterly earnings lower at ConocoPhillips, PetroChina and Hess Corp, while Britain's BG Group said its liquefied natural...
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