BG Group is a multinational oil and gas company which originated in Britain. Founded in the year 1997, after the company named Centrica demerged, BG was formed. The company has operations in about 25 countries around various continents and produces close to 680,000 barrels of oil every day. It is also a major producer of Liquefied Natural Gas and supplies on a large scale to United States.
In the year 1997, when British Gas Plc demerged from the company named Centrica, it renamed itself as BG Plc. Later in the year 2000, a company named Lattice Group demerged from BG Plc. It is during this reorganization that the company named itself as BG Group Plc. Sir Frank Chapman was appointed the CEO of the company. Later in 2012, when Chapman stepped down, the position was taken over by Chris Finlayson who had earlier worked as the managing director of BG Advance. In 2014, when Finlayson resigned, he was replaced with Andrew Gould. He was later replaced by Helge Lund as the CEO.