BG Group Plc, the U.K.’s third- largest natural-gas producer, plans to sell $5 billion of assets in the next two years to maintain investment and production growth, and meet stronger demand for liquefied natural gas.
BG Group Plc , the U.K.’s third- largest natural gas producer, said it plans to drill more wells off Tanzania to find enough reserves to underpin development of a two-unit land-based plant to liquefy the fuel.
The Kashagan oil project in Kazakhstan is draining the Caspian nation’s contractor resources and hampering development of fields including Karachaganak, BG Group Plc Chief Executive Officer Frank Chapman said.
BG Group Plc , the U.K.’s third- largest natural-gas producer, increased estimates for energy resources offshore Brazil and posted third-quarter profit that beat analysts’ forecasts. The shares rose to a two-year high.