BG Group
From Wikipedia, the free encyclopedia
| BG Group p.l.c. | |
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| 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 | Bg Group of Companies Premier Power Seabank Power Limited Interconnector (UK) Limited Dragon LNG Microgen MetroGAS Comgas Gujarat Gas Company Limited Mahanagar Gas Limited Nile Valley Gas Company Genting Sanyen Power FIRST GAS HOLDINGS CORPORATION ATLANTIC LNG BG LNG Services |
| Revenue |  £2,380 million GBP (2005) |
| Employees | 5,390 (2005) |
| Slogan | Natural Gas its our Business |
| Website | www.bg-group.com |
BG Group Plc (LSE: BG.) is an energy production and distribution company which is headquartered in Reading outside London, England. The company was created in 1997 when British Gas plc demerged 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.
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[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 in 2005 to National Grid.
[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. In 2003 46% of its revenue came from the Americas, 37% from Europe including the UK, and 17% from the rest of the world. In the year ended 31 December 2004 it made a profit after tax of £904 million on turnover of £4.082 billion. As of 20 April 2005 its market capitalisation was £14.5 billion.
[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 | Bill Friedrich | 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 | 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 |
