Tag Archives | BG Group

Genel Energy changes Organisational Structure

Genel Energy has announced the appointment of Mike Adams (pictured) as Technical Director, and PDMR, with immediate effect. The appointment follows a repositioning of the role of Chief Operating Officer (‘COO’), which is now split into ‘pre-production’ and ‘on production’ business lines. Reporting to the Chief Executive Officer, Mike is responsible for all pre-production activities […]

Former BG boss to take over from Hayward at Genel?

By John Lee. Sky News has learnt that the former head of BG Group, Chris Finlayson, is being lined up to take over from Tony Hayward as Chairman of Genel Energy‎. An appointment is unlikely to be finalised until sometime in the new year, and Genel is also considering other candidates for the role, according to […]

Shell “Considering Selling” Iraq Oil Assets

By John Lee. Shell is reported to be considering selling its oil fields in Iraq, as part of a global $30-billion asset disposal program. The move follows the company’s $54-billion acquisition of gas company BG Group earlier this year. Industry sources told Reuters that Shell has found only limited financial benefits in recent years from […]

Heritage Oil Jumps on Bid Rumours

Shares in oil explorer Heritage Oil (LSE: HOIL) rose more than 6% to 304.9p on Wednesday following rumours of a bid for the company or its assets. The increase came despite British gas firm BG Group (LSE: BG) denying that it was interested in the company. “We do not comment on market rumours or speculation […]