- BG Group (OTCQX:BRGXF, OTCQX:BRGYY) says Helge Lund, the former Statoil CEO, is taking over as CEO today, three weeks earlier than planned.
- Lund was able to start earlier than the previously announced March 2 after Statoil confirmed its new CEO last week and released Lund from his contractual obligations.
- The oil price drop has upended BG's liquefied natural gas business, as the company expects to generate operating profit of $700M-$1B this year in shipping and marketing, down from $2.5B last year when the unit accounted for 40% of operating profit.