BG Group
From Wikipedia, the free encyclopedia
| BG Group plc | |
|---|---|
| Type | Public (LSE: BG Group, Pink Sheets: BG Group) |
| Founded | 1997 Demerger of Centrica 2000 Demerger of Latice Group from BG Group |
| Headquarters | Reading, England, UK |
| Key people | Frank Chapman (CEO) Sir Robert Wilson Chairman |
| Industry | Oil Production Natural Gas Companies |
| Products | Oil Natural Gas |
| Revenue | £8,291 million (2007) |
| Operating income | £3,001 million (2007) |
| Net income | £1,800 million (2007) |
| Employees | circa 5,000 |
| Website | http://www.bg-group.com |
BG Group Plc (LSE: BG.) is an integrated oil and gas company which has its headquarters in Reading, England. The company was created in 1997 when British Gas plc divested Centrica and became BG plc, which was reorganised in 1999 as BG Group plc. BG Group has use of the trading name "British Gas" outside the United Kingdom; Centrica owns the rights to use it within the UK.
Contents |
[edit] History
In 2000 a further demerger separated the company into Lattice Group plc and BG Group. Lattice took ownership of Transco (the gas transporter for the UK), Advantica (gas engineering and consultancy specialist) along with the property and transport companies and BG Group took ownership of gas fields and other assets.
In 2002 Lattice merged with National Grid Company to become National Grid Transco which was renamed National Grid in 2005.
[edit] Activities
BG Group's main business is exploration for and the extraction of natural gas, liquefied natural gas and to a lesser extent oil. It sells these products to wholesale customers such as retail gas suppliers and electricity generating companies. It also owns some gas pipelines and is involved in some power generation projects. It is active around the world, with only a minority of its business being in the UK.
[edit] Global Operations
BG Group is a multinational company with operations in 27 countries. Key areas for the company include:
- USA
- Brazil
- Nigeria
- Tunisia
- Egypt
- UK
- Oman
- Norway
- India
[edit] BG Board and Executive
[edit] Board of Directors
| Chairman | Chief Executive | Deputy Chief Executive | Chief Financial Officer | Non-Executive Director | Non-Executive Director | Non-Executive Director | Non-Executive Director | Non-Executive Director | Senior Independent Director |
|---|---|---|---|---|---|---|---|---|---|
| Sir Robert Wilson | Frank Chapman | Ashley Almanza | Peter Backhouse | Sir John Coles | Jürgen Dorman | Baroness Hogg | Lord Sharman | Paul Collins |
[edit] Group Executive Committee and Company Secretary
| Chief Executive | Deputy Chief Executive | Chief Financial Officer | Executive Vice President & Managing Director, BG Advance | Executive Vice President, Policy & Corporate Affairs | Executive Vice President & Managing Director, Europe and Central Asia | Executive Vice President, Human Resources | Executive Vice President & Managing Director Mediterranean Basin and Africa | Executive Vice President & Managing Director North America, Caribbean and Global LNG |
|---|---|---|---|---|---|---|---|---|
| Frank Chapman | Ashley Almanza | Jørn Berget | Charles Bland | Mark Carne | Peter Duffy | Stuart Fysh | Martin Houston |
| General Counsel | Executive VP & Managing Director South America | Company Secretary |
|---|---|---|
| Graham Vinter | Keith Hubber |
[edit] BG Energy Challenge
BG Group has set up its 'Energy Challenge' in order to promote teamwork within the organisation for employees to participate in. This involves a wide range of physical and mental challenges aimed to stimulate staff and boost morale, whilst raising money for charity. BG Group have raised over £3.5 million for charity since 1996.
[edit] External links
- Official site
- Yahoo! profile
- BG News monitoring from II
- BG Group stock performance chart from Gstock
- BG Energy Challenge
[edit] Update on alleged BG corruption scandals in Italy
- BG's Italian LNG terminal unlikely to be built - govt official
- BG may have to scrap or redraw Brindisi LNG Plan
- Italy ministry seeks to scrap BG Italia LNG permit
- Italian tribunal lifts house arrest order on former BG manager
- BG says fully cooperating with Italian authorities on bribe probe
- BG Italy head arrested in bribe probe
- 5 arrested in Italy in British Gas probe
- BG at centre of potential corruption scandal
- Staff at BG's Italian unit arrested in corruption scandal
- 5 arrested in Italy in British Gas probe
- Five arrested in gas plant corruption probe
- Five held in £333m Italian gas terminal bribes inquiry
- Former BG Italy officials arrested in bribe probe
- Errico a Puglia tv sugli arresti per il rigassificatore
- Tangenti gas a Brindisi:Antonino agli arresti domiciliari
- BG sees 2010 start-up for delayed Brindisi LNG project (This is Frank Chapman commentary 4 days before his staffs were arrested by Italian police!)
- Italy Grapples with Energy Needs as Local Protests Grow
- BG used its political weight to pave way for their Brindisi project
- BG thought that buying ENEL share in Brindisi project could help them to expedite Brindisi project!
- Open Letter By Brindisi Residents to Tony Blair against LNG terminal project:
- Brindisi Terminale di rigassificazione

