European stocks surged by mid-morning on Wednesday as gains in energy shares, boosted by higher crude and a new BG Group oil discovery, offset fresh fears over the health of the financial sector. Postbank equity strategist Heinz-Gerd Sonnenschein stated: The market seems to be cautiously optimistic, but I fear that this is a bit too [...]
Oil price declines do not hit BG earnings as hard as those of other listed oil and gas peers. For full story, click here
Reliance Industries and the UK’s BG Group, bid for 45 of the record 57 areas put up for auction. For full story, click here
The energy industry could slow down its North Sea investment due to falling oil prices and increasing costs, BG Group said as it posted a 140% increase in quarterly operating results. Frank Chapman, chief executive, BG Group, said: It did not make sense to plough ahead with some new projects when service costs were at the top of [...]
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