Power Moves: New chairman for Centrica and more
Kevin O’Byrne will step in to replace Scott Wheway as chairman of Centrica, effective from 16 December 2024.
Centrica
Centrica profits fall in half-year results, Spirit Energy up
Centrica (LON:CNA) profits fell substantially in its half-year results in what the British Gas owner says is a return to a "more normalised environment".
Humber Hydrogen Hub partners launch projects in UK Parliament
Equinor, Centrica and SSE Thermal have launched a collection of low-carbon hydrogen projects planned for the Yorkshire and Humber region in northeast England.
Table: The 20 firms commanding the UK’s North Sea oil and gas hubs
New research has cast light on the top companies commanding the majority of the UK's North Sea production and spending.
Centrica boosted CEO pay as families struggled with energy debt
The Chief Executive of Centrica Plc (LON:CNA) got a bumper pay raise last year while millions of households across the country struggled with energy debt.
Aberdeen’s ASCO lands trio of contracts worth more than £20 million
Aberdeen-headquartered ASCO has been awarded three contracts with energy industry heavy hitters with a combined value of over £20 million.
Spirit profits steady despite Centrica run-off plans
Centrica saw a dip in full-year earnings, while those of its North Sea producer Spirit Energy held in line with 2022 as higher gas prices offset declining output.
Ørsted and Centrica executives elected Hydrogen UK co-vice presidents
Hydrogen UK has appointed executives from Ørsted and Centrica to serve as co-vice presidents of the trade association.
Rough pumps gas into UK grid to meet rising demand for heating
The gas storage facility, Rough, has pumped gas into the UK grid to meet increased demand as the country looks to use more for heating as winter looms.
Centrica chief trying to get the UK to speed up carbon capture
Centrica Plc boss Chris O’Shea is on a mission to show the UK government that it needs to rapidly speed up carbon capture projects, which could become crucial if the country is to reach its net zero ambitions.
UK Power Grid Bottlenecks Threaten Investments, Centrica Warns
An excess of planned renewable energy projects seeking to link to the UK’s electric grid threatens to discourage investment in the sector, putting the nation’s climate targets at risk, according to a report commissioned by Centrica Plc, the parent of British Gas.
Wind farm builders push UK for tax breaks amid surging costs
Wind-farm developers are lobbying the UK government to give them more tax breaks in the fall budget, arguing that rising interest rates and supply-chain costs are putting the viability of some new projects in doubt.
Iain Conn: Former Centrica CEO ‘proud’ of Spirit Energy and talks AI for energy transition
Former Centrica CEO Iain Conn speaks to Energy Voice about the opportunities presented by AI, and his thoughts on the latest from Centrica’s E&P business, Spirit Energy.
Morecambe Bay to run to the end of the decade as Centrica makes £2.3bn
Centrica reported earnings before tax of £2.3 billion in the first half of 2023 as it looks to delay the end date for the Morecambe Bay gas fields.
Centrica boss: Renewables intermittency ‘wont be solved’ by building more wind
The chief executive of Centrica has called for a wider roll-out of hydrogen for heating and power generation in a bid to combat the intermittency of renewables.
Centrica signs major LNG supply agreement
Centrica has struck a long-term sale and purchase agreement for a million tonnes a year of liquefied natural gas (LNG) from the US.
Centrica nearly doubles gas storage at UK Rough field
Centrica said it "stands ready" to spend £2bn to create the "largest long duration low-carbon energy storage facility in the world".
Spirit Energy bares ‘exceptional loss’ on sale of Norwegian assets
North Sea operator Spirit Energy has bared an “exceptional loss” relating to the sale of its Norwegian business in 2022.
Supply vessel collides with Southern North Sea gas platform
An offshore supply vessel has been left needing repairs after it struck a Southern North Sea gas platform over the weekend.
Lhyfe and Centrica to develop renewable green hydrogen in Southern North Sea
Lhyfe and Centrica have agreed to jointly develop offshore renewable green hydrogen in the UK in what they’ve called a first for the country.
UK’s big energy short pays off with £1.2 billion windfall
The UK government is set to make £1.2 billion ($1.4 billion) from a short position it took in power and natural gas markets after seizing control of collapsed supplier Bulb Energy last year.
We won’t be distracted from green targets says ScottishPower boss
The boss of ScottishPower has hit out at firms that are abandoning their green goals as his business produced a set of financial results without the massive windfalls that many of his rivals have presented.
Centrica: Rough gas storage could run for 40 more years through fresh investment
Centrica has said it could keep its Rough gas storage field running for 40 more years through fresh investment.
High profits for Aberdeen-based Spirit Energy did not stop layoffs
Aberdeen-based Spirit Energy reports that “29 employees left the organisation” late last year through its redundancy consultation, despite profits tripling in 2022.
Are my massive energy bills fuelling Centrica’s profits?
Centrica has followed much larger companies such as BP and Shell in reporting annual results for last year which broke previous records.