Monday, 9 September 2013

Egypt unrest hits BG Group oil output plans - FT.com

Egypt unrest hits BG Group oil output plans - FT.com:

"Shares in BG Group fell 4 per cent in morning trading in London after the oil and gas group cut its production outlook for next year because of delays to new projects in Egypt and Norway.
The cut means that the company now expects production in 2014 to be lower by about 30,000 barrels of oil equivalent a day (boe/day). It does not have a production target for 2014 but analyst consensus is about 720,000 boe/day for the year."

'via Blog this'

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