BG Group Limited was a British multinational oil and gas company primarily engaged in the exploration, development and production of natural gas and crude oil. The company operated an integrated liquefied natural gas (LNG) business, encompassing upstream exploration, midstream shipping services and downstream regasification infrastructure. Through its global LNG network, BG Group supplied natural gas to markets in Asia, Europe and South America, leveraging a fleet of LNG carriers and regasification terminals to support long-term offtake agreements.
Founded in 1997 following the demerger of British Gas’s exploration and production arm, BG Group rapidly expanded its portfolio across major hydrocarbon basins. Key project assets included deepwater developments offshore Brazil and exploration licenses in East Africa, the Gulf of Mexico and Australia’s Carnarvon Basin. The company’s operations spanned over 25 countries, with notable development activities in Trinidad and Tobago, Egypt, Mozambique and Russia’s Shtokman gas field concept.
BG Group’s corporate headquarters were located in Reading, United Kingdom, and the company maintained regional offices in Singapore, Houston and Rio de Janeiro to support its international asset base. Leadership prior to its acquisition included Chief Executive Officer Helge Lund, under whose tenure BG Group focused on large-scale LNG ventures and strategic partnerships to secure feedstock and market access. The company employed multidisciplinary teams covering geoscience, engineering, commercial and shipping disciplines to optimize project delivery and operational performance.
In February 2016, Royal Dutch Shell completed the acquisition of BG Group, integrating its extensive LNG portfolio and upstream assets into Shell’s global energy operations. Following the transaction, BG Group’s listing on the London Stock Exchange ceased, although legacy shares had traded on the OTC Markets under the symbol BRGYY. The acquisition reinforced Shell’s position in the growing LNG sector and expanded its upstream footprint across key producing regions.
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