The competition watchdog has cleared oil and gas giant Shell's proposed $70 billion takeover of rival BG Group, saying it will not substantially alter the domestic natural gas market.
Construction giant Cimic's Leighton Contractors unit has secured a contract from BG Group for setting up gas infrastructure in Queensland's Surat Basin.
UK-based BG Group says it is considering its position after Arrow Energy yesterday trumped its $796 million takeover bid for South Perth-based Pure Energy Resources.
Perth-headquartered Pure Energy Resources shares have surged as much as 29 per cent after BG Group launched a $796 million takeover bid for the coal seam gas explorer.
