BG Group plc · Reading United Kingdom ·(Pink Sheets: BRGYY)(London: BG)
Company Description
Phone: +44-118-935-3222
Fax: +44-118-935-3484
Rankings
- FTSE 100
- Dow Jones STOXX 50
- #72 in FT Global 500
View BG Group plc Locations On A US Map
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This link will open in a new window The BG in BG Group stands for British Gas, but BG Group finds not only gas but also oil, all over the world. In addition to conducting its core oil and gas exploration and production operations, it is involved in the downstream operations of liquefied natural gas (LNG) production, gas transmission and distribution, and power generation. The group is one of the largest exploration and production companies operating in the North Sea, and in 2008 it reported proved reserves of 2.5 billion barrels of oil equivalent and an annual production averaging 226.7 million barrels of oil equivalent. In 2009 it moved into the lucrative US shale gas market, forming an alliance with EXCO Resources. To read the full description, subscribe now.
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BG Group plc Executives
23 executives listed for BG Group plc's Reading, location.
| Title | Name & Bio | Contact |
| Chairman | Robert Wilson | Network |
| Chief Executive and Director | Frank Chapman | Network |
| CFO and Director | Ashley Almanza | Network |
Competition
Competitive Landscape for BG Group plc
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top BG Group plc Competitors
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