The UK player reported a quarterly loss of $1.07 billion, versus a profit of $935 million a year earlier, as it was clobbered by post-tax impairments of $1286 million on its assets its Egypt, where it has declared force majeure on liquefied natural gas deliveries, and $1.1 billion on its US shale gas business.
The charges, along with higher operating costs and depreciation, also cut BG’s full-year profits by 33% to $2.2
