Liquified gas arm boosts BG’s profits

first_img Liquified gas arm boosts BG’s profits whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com KCS-content Sharecenter_img Show Comments ▼ Tuesday 2 November 2010 9:40 pm GAS company BG yesterday announced total revenues of $4.45bn (£2.78bn) for the third quarter of 2010, an increase of 23 per cent on the figure for the same period in 2009. Total operating profit increased by 21 per cent to $1.67bn. Exploration and production made the FTSE 100 company profits of $761m, while the operating profit for the business’s liquified natural gas arm was up 43 per cent to $725m.The group’s chief executive Frank Chapman said: “Alongside a set of good quarterly results, we have made significant progress in the delivery of our growth plans.”Over the third quarter the company increased the estimate of the resources at the Tupi, Iracema, and Guará fields in the Santos Basin of Brazil. It now calculates that the fields contain 10.8bn barrels of oil, a third more than previous estimates. However, the most positive news for BG came from Australia, where earlier this week it got the green light for a liquid natural gas project after it was approved by the government, which will be the first of its kind anywhere in the world. BG plans to sink $15bn into the project, which will involve the construction of a 540km underground pipeline in Queensland that will take gas to the coast to be exported by tanker. It is expected to produce 8.5m tonnes of liquified natural gas each year when it comes on line in 2014, equivalent to a tenth of the UK’s total gas consumption. whatsapp Tags: NULLlast_img

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