BG Group History 2008 

1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012  | 2013

February
BG Group confirms leading position in LNG trade

BG Group confirms leading position in LNG trade
BG Group supplied 55% of US LNG and 50% of all LNG sold from the Atlantic Basin into Pacific basin markets in 2007. BG Group's flexible supply portfolio enabled it to market more than one third of its supply to meet demand in new countries. In total, BG Group supplied nine of the seventeen LNG importing nations in 2007.

 
February
BG Group announces alliance with Queensland Gas Company Limited (QGC) in Australia

BG Group announces alliance with Queensland Gas Company Limited (QGC) in Australia
BG Group entered the Australian oil and gas market with the announcement of an alliance with QGC, a leading producer of coal seam gas in Australia's Surat Basin. Through the alliance, the two companies agreed to co-operate in the exploration and development of onshore coal seam gas acreage as well as in the development of domestic market opportunities. Together, BG Group and QGC will also develop the Queensland Curtis LNG production and export facility on the Queensland coast.

 
March
BG Energy Challenge - India held for first time

BG Energy Challenge - India held for first time
BG India held its inaugural Energy Challenge in Garud Maachi in the Western Ghats. Nineteen teams from across the energy industry participated in a series of mental, physical and strategic challenges over one and a half days and raised a total of 78 000 000 Indian Rupees (£97 500) for two cancer charities.

 
April
Launch of Greenhouse Gas Emissions Reduction target

Launch of Greenhouse Gas Emissions Reduction target
BG Group announced the launch of a Greenhouse Gas Emissions Reduction target, committing the company to reduce greenhouse gas emissions by at least one million tonnes by 2012, compared to a "no-action" base.

 
April
BG Group selected by government of Singapore to import LNG

BG Group selected by government of Singapore to import LNG
BG Group was selected by the Energy Market Authority (EMA) of Singapore to supply up to 3 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to the Singaporean market for a period of up to 20 years.

 
June
Further discovery in the Santos Basin

Further discovery in the Santos Basin
The Guarà well discovered oil in offshore block BM-S-9, the second discovery within this concession area. Evaluation plans for the Carioca and Guarà discoveries were approved by the Brazilian regulator ANP.

 
September
Completion of drilling on Iara well in Santos Basin, offshore Brazil

Completion of drilling on Iara well in Santos Basin, offshore Brazil
The completion of drilling of the Iara well in the BM-S-11 concession also confirmed estimated gross recoverable reserves of 3-4 billion barrels of oil equivalent.

   
September
Discoveries made in Pi North, Ververis and Jordbær

Discoveries made in Pi North, Ververis and Jordbær
A drilling programme in Norway yielded three discoveries in 2008: Pi North in the Southern North Sea, Jordbær in the North Tampen region and Ververis in the Barents Sea. These discoveries build upon the Nucula oil and gas discovery that BG Group made in the Barents Sea in 2007.

 
November
BG Group announces alliance with Queensland Gas Company Limited (QGC) in Australia

BG Group acquired control of Queensland Gas Company
BG Group acquired control of Queensland Gas Company. The deal brought the extensive coal seam gas reserves and expertise of Queensland Gas Company together with BG Group's proven LNG expertise, while continuing to work towards the development of a new LNG terminal in Gladstone, Eastern Australia.

 
December
BG Group acquired new interests in UK North Sea

BG Group acquired new interests in UK North Sea
BG Group acquired BP's equity in the Everest, Lomond and Armada fields and part of BP's equity in the Erskine field. The acquisitions strengthen BG Group's commitment to exploration in the UK North Sea. By concentrating on key hubs the acquisition increases operational efficiency and enables BG Group to develop satellite fields in the region economically by building on existing infrastructure.

 
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