BG Group

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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

- Trinidad & Tobago

- Brazil

- Nigeria

- Tunisia

- Egypt

- UK

- Oman

- Norway

- Kazakhstan

- 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.

BG Energy Challenge

[edit] External links

[edit] Update on alleged BG corruption scandals in Italy