BG Group strategy going forward will be to run with a simplified organization while improving operations and portfolio management. Exploration is at the “heart” of what BG Group does, Group CEO Chris Finlayson said last week. But global liquefied natural gas (LNG) also is crucial to growth, he said.
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BG Group Recommitting to Global Exploration, LNG
BG Group strategy going forward will be to run with a simplified organization while improving operations and portfolio management. Exploration is at the “heart” of what BG Group does, Group Chief Executive Chris Finlayson said Tuesday. But global liquefied natural gas (LNG) also is crucial to growth, he said.
Interior Explores New Royalty Valuation Approach
Responding to President Obama’s call for federal agencies to streamline their regulations, the Interior Department said it plans to explore a “simplified market-based approach” to determine the value of oil and natural gas for royalty purposes.
Gasco Expands Holdings in Uinta, Green River Basins
Denver-based Gasco Energy Inc. last week simplified its portfolio by absorbing a working interest partner that had owned a 14% stake in undeveloped acreage in both Utah and Wyoming.
El Paso Simplifies Corporate Structure
With its restructuring efforts essentially complete, El Paso Corp. has simplified its corporate structure and renamed its production holding company to El Paso Exploration & Production Co. to reflect a stronger focus on producing domestic oil and natural gas. Lisa Stewart, president of El Paso Production and Non-regulated Operations, will continue to lead the unit.