oil and gas founded 1997 demerger of centrica 2000 demerger of lattice group from bg group 2016 merger with royal dutch shell headquarters reading united kingdom key people andrew gould chairman helge lund ceo products crude oil natural gas petrochemicals revenue us 19.289 billion 2014 1 operating income us 6.155 billion 2014 1 net income us 1.044 billion 2014 1 number of employees 5 200 2015 2 parent royal dutch shell website www.bg group.com bg group plc was a british multinational oil and gas company headquartered in reading united kingdom . 3 4 on 8 april 2015 royal dutch shell announced that it had reached an agreement to acquire bg group for 70 billion subject to regulatory and shareholder agreement . the sale was completed on 15 february 2016 . prior to the takeover bg group was listed on the london stock exchange and was a constituent of the ftse 100 index . prior to its acquisition by shell bg group had operations in 25 countries across africa asia australasia europe north america and south america and produced around 680 000 barrels of oil equivalent per day . 5 6 it had a major liquefied natural gas lng business and was the largest supplier of lng to the united states . 7 as at 31 december 2009 it had total proven commercial reserves of 2.6 billion barrels 410 000 000 m3 of oil equivalent . 8 contents 1 history 1.1 origins 1.2 2000 to present 2 operations 3 senior management 4 controversy 5 references 6 external links history edit origins edit the company was created in 1997 when british gas plc divested centrica 9 and became bg plc which was reorganised in 1999 as bg group plc. 10 2000 to present edit on 23 october 2000 a further demerger separated the company into lattice group and bg group . 10 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 . 10 in 2002 lattice merged with national grid company to become national grid transco which was renamed national grid in 2005 . 10 in september 2007 bg group delisted its adrs from the new york stock exchange . 11 instead its shares began trading on the us over the counter market . 12 in june 2008 bg group made a us 13.1 billion bid to acquire origin energy australia s largest coal seam gas producer but were outmanoeuvred by conocophillips who offered to invest us 9.1 billion in a joint venture with origin . 13 however in october 2008 bg group bought queensland curtis lng for us 3.4 bn in order to operate in asia s liquefied natural gas market 14 and on 1 november 2010 bg group announced plans to invest 9.3 bn on the world s first project to liquefy and ship gas produced from coal deposits the first in a series of coal seam methane projects in the region of eastern australia ; by late 2014 this was sending gas produced from coal deposits by pipeline to a terminal in gladstone on the east coast . 15 in october 2011 bg group signed an us 8 billion deal with cheniere energy to export liquefied natural gas from the united states . 16 17 in october 2012 bg sold its 65 % majority stake in gujarat gas company for 470 million to the state run gujarat state petroleum corporation . 18 in january 2014 bg group announced the initial drilling of an oil exploration well offshore in kenya . 19 in april 2015 royal dutch shell announced that it had reached an agreement to acquire bg group for 70 billion subject to regulatory and shareholder agreement . if complete bg shareholders will own 19 % of the combined group and shell will have extensive access to bg s lng assets accelerating its global lng and deep water strategy . 20 21 finalisation of the bg acquisition by royal dutch shell was completed on 15 february 2016 . 22 operations edit launch ceremony for oil platform p 52 which operates in the campos basin . bg group place in houston united states the north american headquarters of bg group . bg group s main business is the exploration and extraction of natural gas and oil and the production of liquefied natural gas . 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 . bg group is a multinational company with operations in 27 countries . key areas for the company include 23 australia queensland gas company qgc brazil interests in the tupi iara guara and iracema fields in the santos basin egypt operates the rosetta and west delta deep marine gas fields lng export india interest in the panna mukta and tapti fields and mahanagar gas limited a city gas distribution company operating in mumbai . kazakhstan interest in the karachaganak gas field norway exploration licences with several discoveries thailand interest in the bongkot gas field trinidad & tobago ncma gas fields dolphin gas field lng export tunisia operates the miskar and hasdrubal gasfields uk interests in several oil and gas fields in the uk continental shelf including operating the armada everest and lomond gas fields and the blake oil field interest in the dragon lng import terminal usa interest in lng terminals shale gas joint venture operation in the haynesville and marcellus plays and houston . senior management edit sir frank chapman was appointed chief executive of the bg group in october 2000 . his remuneration for this role in 2008 consisted of 1 081 588 base salary and a 1 944 000 bonus . 24 chapman stood down at the end of 2012 after 12 years as ceo and was replaced by chris finlayson previously managing director for bg advance a business function within the group . chapman continued as an advisor to bg group until he retired in june 2013 . 25 finlayson lost the confidence of the board in 2014 and resigned replaced by andrew gould . 26 on 15 october 2014 the company announced that helge lund former ceo of statoil would become ceo . 27 28 controversy edit reprisk listed the bg group as seventh in its top ten of most environmentally and socially controversial companies of 2010 . reasons for the company s inclusion are as follows . the bg group were associated with deep sea drilling plans in the sicilian strait . karachaganak petroleum operating kpo consortium that includes bg was reportedly fined usd 21 million for environmental violations at the onshore karachaganak oil and gas field . bg subsidiary queensland gas company s queensland curtis lng project had caused controversy in australia . the exploitation of the tarija natural gas reserves in bolivia where another bg subsidiary operated . the report also criticized the remuneration given to its chief executive who had received gbp 28 million in cash shares and pension contributions in 2009 . 29 8 references edit a b c preliminary results 2014 pdf . bg group . retrieved 15 march 2015 . bg group at a glance . bg group plc. retrieved 15 march 2015 . general contacts . bg group . retrieved on 5 november 2010 . address bg group plc thames valley park reading berkshire rg6 1pt united kingdom directions to bg reading . bg group . retrieved on 5 november 2010 . pdf map . bg group profile . bg group plc. archived from the original on 17 august 2010 . retrieved 24 august 2010 . 2010 second quarter & half year results pdf . bg group plc. retrieved 31 august 2010 . liquefied natural gas an enabling technology . bg group plc. retrieved 31 august 2010 . annual report and accounts 2009 pdf . bg group plc. archived pdf from the original on 21 december 2010 . retrieved 9 november 2010 . british gas to split in february 1997 dead link a b c d competition commission report page 313 pdf . archived pdf from the original on 19 may 2011 . retrieved 18 april 2011 . sarbos strikes again bg to delist from nyse . itbusinessedge.com . retrieved 18 april 2011 . pink sheets press release 25 september 2007 bg group plc joins international otcqx . findarticles.com . retrieved 18 april 2011 . bg group admits defeat in bid for origin . international herald tribune . 29 march 2009 . retrieved 18 april 2011 . bg group to buy queensland gas for 3.4 bn . international herald tribune . 28 october 2008 . retrieved 18 april 2011 . bg invests 9.3 bn in first of its kind lng project . added latest project details . archived from the original on 4 november 2010 . retrieved 16 november 2010 . bg group signs ground breaking 8bn gas deal with us . the telegraph . 26 oct 2011 . retrieved 2 november 2011 . cheniere and bg ink 8 bln deal to export us lng . reuters . 26 oct 2011 . retrieved 2 november 2011 . reuters 3 october 2012 . bg offloads gujarat gas stake for 470 mln . reuters . bg group and partners strike oil offshore kenya africa oil review africa 2014 shell agrees deal to buy energy rival bg group for 70bn . the telegraph . 8 april 2015 . retrieved 8 april 2015 . recommended cash and share offer for bg group plc by royal dutch shell plc pdf . jess mchugh . shell bg group acquisition complete as energy giant focuses on liquefied natural gas . international business times . retrieved 15 february 2016 . data book 2010 . bg group.com . retrieved 18 april 2011 . remuneration report . annual report & accounts 2008 . bg group . retrieved 23 august 2009 . bg names industry veteran finlayson as ceo . reuters . reuters . 13 december 2012 . retrieved 13 december 2012 . no sacred cows as bg considers asset sell off . the telegraph . 1 may 2014 . retrieved 19 may 2014 . currently ceo of statoil helge lund will join bggroup from 2 march 2015 . twitter.com . bg group . retrieved 15 october 2014 . helge lund blir toppsjef i britiske bg . dn.no . retrieved 15 october 2014 . karen reiner december 15 2010 . most environmentally and socially controversial companies of 2010 pdf . zurich reprisk . retrieved 19 may 2014 . external links edit companies portal energy portal berkshire portal official website dividend history yahoo profile bg news monitoring from google finance bg stock performance chart from bigcharts bg energy challenge graphical illustration of the demerger history of british gas v t e petroleum industry petroleum primary energy benchmarks argus sour bonny light brent dubai indonesian isthmus 34 light japan cocktail opec reference basket tapis urals western canadian select west texas intermediate data natural gas consumption production reserves imports exports price petroleum consumption production reserves imports exports price of gasoline and diesel exploration core sampling geophysics integrated asset modelling petroleum engineering reservoir simulation seismic to simulation petroleum geology petrophysics reflection seismology seismic inversion seismic source drilling blowout completion squeeze job differential sticking directional drilling geosteering drilling engineering drilling fluid invasion drill stem test lost circulation measurement tracers underbalanced drilling well logging production petroleum fiscal regime concessions production sharing agreements artificial lift pumpjack submersible pump esp gas lift downstream enhanced oil recovery eor steam injection gas reinjection midstream petroleum product pipeline transport refining upstream water injection well intervention xt history 1967 oil embargo 1973 oil crisis 1979 energy crisis 1980s oil glut 1990 oil price shock 2000s energy crisis 2010s oil glut founders history of the petroleum industry nationalization opec seven sisters standard