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Encyclopedia > BG Group
BG Group p.l.c.
Type Public (LSE: BG Group, NYSE: BG Group)
Founded 1998 Demerger of Centrica
2000 Demerger of Latice Group from BG Group
Headquarters Reading, United Kingdom
Key people Frank Chapman (CEO)
Sir Robert Wilson Chairman
Industry Oil Production
Natural Gas Companies
Products Oil
Natural Gas
Revenue £7,270 million(2006)
Operating income £3,130 million (2006)
Net income £1,920 million (2006)
Employees 5,390 (2005)
Website www.bg-group.com

BG Group Plc (LSE: BG.) is an energy production and distribution company which has its headquarters in Reading outside London, England. The company was created in 1997 when British Gas plc divested Centrica plc 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. Image File history File links Metadata No higher resolution available. ... A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... Reading is a town, unitary authority (the Borough of Reading) and urban area in the English county of Berkshire. ... This is a list of British natural gas companies British Gas NPOWER Powergen Retail Scottish Gas Scottish Power Transco See also: Lists of public utilities. ... Natural olive oil Synthetic motor oil An oil is any substance that is in a viscous liquid state (oily) at ambient temperatures or slightly warmer, and is both hydrophobic (immiscible with water, literally water fearing) and lipophilic (miscible with other oils, literally fat loving). This general definition includes compound classes... Natural gas is a gaseous fossil fuel consisting primarily of methane but including significant quantities of ethane, butane, propane, carbon dioxide, nitrogen, helium and hydrogen sulfide. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... For details of notes and coins, see British coinage and British banknotes. ... For the Manfred Mann album, see 2006 (album). ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... For details of notes and coins, see British coinage and British banknotes. ... For the Manfred Mann album, see 2006 (album). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For details of notes and coins, see British coinage and British banknotes. ... For the Manfred Mann album, see 2006 (album). ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible... The Source by Greyworld, in the new LSE building Paternoster Square. ... Reading is a town, unitary authority (the Borough of Reading) and urban area in the English county of Berkshire. ... This article is about the capital of England and the United Kingdom. ... Motto (French) God and my right Anthem No official anthem - the United Kingdom anthem God Save the Queen is commonly used England() – on the European continent() – in the United Kingdom() Capital (and largest city) London (de facto) Official languages English (de facto) Unified  -  by Athelstan 927 AD  Area  -  Total 130... This page is about the former gas monopoly in the United Kingdom for information about the successor companies please see Centrica, BG Group and Transco. ... Centrica plc (LSE: CNA) is a large multinational company, based in the UK but also with interests in North America and Europe. ...

Contents

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. National Grid plc is a United Kingdom based utilities company which also operates in other countries, principally in the United States. ...


In 2002 Lattice merged with National Grid Company to become National Grid Transco which was renamed National Grid in 2005. For the mapping grid, see the British national grid reference system. ... National Grid Transco was a United Kingdom based company born out of the merger between National Grid Company plc and Lattice Group plc in October 2002. ...


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. Liquefied natural gas or LNG is natural gas that has been processed to remove either valuable components e. ...


BG Board and Executive

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 Bill Friedrich Ashley Almanza Peter Backhouse Sir John Coles Jürgen Dorman Baroness Hogg Lord Sharman Paul Collins

Sarah Hogg, Viscountess Hailsham and Baroness Hogg is an English economist and a journalist. ... Colin Morven Sharman, Baron Sharman OBE (born 19 February 1943), is the British chairman of Aviva Group and former chairman of KPMG International. ...

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 Bill Friedrich Ashley Almanza Jørn Berget Charles Bland Mark Carne Peter Duffy Stuart Fysh Martin Houston
General Counsel Executive VP & Managing Director South America Company Secretary
Stefan Ricketts Rick Waddell Ben Matthews

External links

  • Official site
  • Yahoo! profile
  • BG News monitoring from II
  • BG Group stock performance chart from Gstock

It has been suggested that GStock be merged into this article or section. ...

Update on alleged BG corruption scandals in Italy

  • [Note: 11/07/2007 - It was rumored that a General Counsel of BG Group is given a new job as "adviser" due to his prior involvement in the alleged bribery scandal in Brindisi. However, it is unclear if the alleged involvement in Brinsdisi scandal was as a result of directives from "invisible hands" within BG Group which responsible for the Africa and Mediterranean areas. These invisible hands are now sitting comfortably while their pawns are being investigated]
  • BG's Italian LNG terminal unlikely to be built - govt official
  • Italy ministry seeks to scrap BG Italia LNG permit
  • Italian tribunal lifts house arrest order on former BG manager
  • 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
  • Five held in £333m Italian gas terminal bribes inquiry
  • BG used its political weight to pave way for their Brindisi project

  Results from FactBites:
 
Bloomberg.com: U.K. & Ireland (720 words)
BG Group Plc (BG/ LN) rallied 45 pence, or 4.6 percent, to 1,034 after Deutsche Bank analysts raised their price estimate on the stock by 18 percent to 1,090 pence.
British Energy Group Plc (BGY LN) gained 5.5 pence, or 1.1 percent, to 517 after Goldman, Sachs and Co. added the country's biggest electricity generator to its ``conviction buy'' list.
BT Group Plc (BT/A LN) declined 13.25 pence, or 4.4 percent, to 288.5.
  More results at FactBites »


 

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