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Posts Tagged ‘BG Group’

BG Group Has Majority Control of Pure Energy

Rival bidder Arrow Energy, which is Royal Dutch Shell’s Australian joint-venture partner, holds about 20% of Pure and hasn’t said whether it will sell its stake into BG’s bid.

BG takes majority control of Pure Energy

Rival bidder Arrow Energy, which is Royal Dutch Shell’s Australian joint venture partner, holds about 20pc of Pure and hasn’t said whether it will sell its stake into BG’s bid.

BG Group wins control of Pure Energy

The bid for Pure initially pitted BG against its larger rival Royal Dutch Shell, which is a joint venture partner of Arrow in developing coal bed methane in Australia and around the world. However, Shell undermined Arrow’s chances of winning Pure when it said last month that it would sell its 11 per cent stake to BG, in the absence of a higher offer.

Arrow Rises on Speculation It Will Drop Bid for Pure

Arrow Energy Ltd., Royal Dutch Shell Plc’s partner in coal-seam gas, gained the most in three weeks on speculation it will drop its bid for Pure Energy Resources Ltd. and follow Shell in accepting BG Group Plc’s rival offer.

Shell Gives Ground to BG in Battle for Pure Energy

SYDNEY — BG Group PLC has moved closer to securing control of Pure Energy Resources Ltd. after Royal Dutch Shell PLC said it would sell its 11% stake in the coal seam gas producer into BG’s 1.03 billion Australian dollar (US$651 million) offer.

BG Raises Bid for Pure Energy

BG likely hopes the move is a winning step in its battle with Royal Dutch Shell PLC’s Australian joint-venture partner, Arrow Energy Ltd., for the coal-seam gas producer.

BG Raises Leading Bid for Pure Energy

BG likely hopes the move is a knockout punch in its battle with Royal Dutch Shell’s Australian joint venture partner, Arrow Energy Ltd., for the coal seam gas producer.

BG Group Raises Cash Takeover Offer for Pure Energy

BG’s increased offer of A$8.25 a share is final in the absence of a higher bid, the Reading, U.K.-based company said today in a statement to the Australian stock exchange. The move further boosts BG’s offer above a rival cash and stock bid by Arrow Energy Ltd., Royal Dutch Shell Plc’s Australian partner in coal-seam gas.

Australian Coal-Gas Sparks a Deal Boom

BG Group PLC, the British oil and gas company, and Royal Dutch Shell PLC’s Australian partner Arrow Energy Ltd. are competing for Pure Energy Resources Ltd., an Australian player in coalbed methane.

Business big shot: Frank Chapman

Mr Chapman, 55, looks well placed to see off Shell, his old employer, to win Pure Energy — Arrow Energy, Shell’s Australian partner, is the rival bidder for Pure, a producer of coal seam gas.

Pure trumps latest offer from Australia’s Arrow Energy and its partner, Royal Dutch Shell.

BG Group: The London-listed oil and gas group saw its A$995 million (£445.7 million) offer for Pure Energy, the Australian coal-seam gas producer, gain board support. The recommendation from Pure trumps the latest offer from Australia’s Arrow Energy and its partner, Royal Dutch Shell.

Australia’s Pure Energy favours BG offer over Shell

BG’s offer beats rival one from Shell’s Australian partner

BG Group potential bidding war with Royal Dutch Shell

The Times February 18, 2009 Need to know Natural resources BG Group: The London-listed oil and gas company, based in Berkshire, has raised its offer for Pure Energy, the Australian coal seam gas group, by 25 per cent to nearly £452.4 million, launching a potential bidding war with Royal Dutch Shell, its rival. BG has [...]

BG Raises Bid for Pure Energy

Shell has it own LNG plans, announcing last week that it is studying the feasibility of building a processing facility at Gladstone to be fed by Arrow’s reserves.

BG Raises Bid for Pure, Topping Shell Partner’s Offer

Feb. 17 (Bloomberg) — BG Group Plc raised its hostile bid for Pure Energy Resources Ltd., topping an offer by Royal Dutch Shell Plc’s Australian partner in coal-seam gas, as BG seeks to add reserves for an export venture.