Pioneering oil and gas boss ousted in Centrica’s E&P management shakeup
One of the top women in oil and gas has been ousted as part of a strategy and management shakeup at the exploration and production (E&P) arm of Centrica.
Centrica
Top chief executive salaries should be slashed says investor group
Salaries of FTSE 100 chief executives are “too high” and should be slashed by more than half, according to shareholder advisory group ShareSoc.
“Fracking” college lands £5.6million funding
The UK's national fracking college has received £5.6million in UK Government funding.
Centrica stock holds steady – despite Engie deal falling through
Centrica's shares held steady today despite a deal with Engie fell through just weeks before its fundraising bid according to reports.
Centrica in failed North Sea merger
Centrica's bid to merge its North Sea operations with a rival firm fell down just weeks before its fundraising bid, it is understood.
Centrica stock dives after it announces £750million shares issue
Shares in British Gas parent Centrica dived today after the utilities firm announced a surprise share sale to raise funds.
Centrica aims to raise £750million to cut debt and pay for acquisitions
Centrica has announced plans to raise around £750m in a placing to fund acquisitions and cut debt.
Norwegian wealth fund looks to crack down on high executive pay
Norway's $870-billion sovereign wealth fund is targeting high salaries paid to senior executives as it seeks to exert more influence on this issue.
Centrica chief Ian Conn faces anger over £3m pay deal at energy giant’s AGM
The boss of British Gas owner Centrica has faced investor anger over his £3 million pay package during the company’s annual general meeting (AGM).
Energy giant Centrica loses 224,000 residential customers in first quarter
British Gas owner Centrica lost almost 250,000 customers in the first three months of the year as competition in the energy market continues to bite.
Centrica to cut 3,000 jobs this year
Centrica today confirmed it would cut 3,000 jobs in 2016.
North Sea operators team up to reduce warehouse stock
A group of North Sea operators have come together to improve efficiency with the launch of a trial scheme to share 200,000 inventory items.
Energy sector report explained
Gas and electricity prices will be temporarily capped for four million households on pre-payment metres, after it was revealed that Britons could have been overpaying by around £1.7 billion. An Ofgem-controlled database will also be launched, allowing rival suppliers to offer those on standard variable rates (SVRs) for three years or more better deals.
Centrica denies CMA’s customers’ £1.7billion over-payment claim
Centrica refutes Competition and Markets Authority’s (CMA) findings that customers could have been historically overpaying £1.7billion a year.
Centrica linked to Engie oil and gas assets
Energy firm Centrica is reportedly involved in talks with Engie over the future of some of the French company’s oil and gas assets.
Billion barrels of North Sea oil at risk if new approach not taken says NSRI
The head of the NSRI (National Subsea Research Initiative) has warned that more than a billion barrels of oil could remain locked in the North Sea unless a new approach is taken to develop small pools in the region.
Centrica and Qatar Petroleum look to sell Canadian gas venture
Centrica and Qatar Petroleum are planning to sell out of their natural gas venture in Canada amid declining prices, according to sources.
Centrica and BAE Systems give FTSE 100 boost
London’s top flight index stumbled back into the red as it struggled to build on recent gains despite a strong boost from Centrica and BAE Systems.
Consumer groups attack British Gas over profits
Bumper annual profits at British Gas were slammed as a “slap in the face for families” amid calls for energy firms to cut prices further.
British Gas profits at residential supply arm surge by 31%
British Gas has fuelled further controversy over energy prices as it announced profits at its residential supply arm surged by 31% in 2015.
City’s eyes on Centrica amid fall in commodity prices
The City will focus on price reductions and cost-cutting programmes at British Gas owner Centrica, while supermarket Asda updates on its plans to bolster falling sales.
Lockheed Martin wins Centrica contract
Lockheed Martin landed a six-figure deal with Centrica.
Centrica sells stake in wind farms for £115million
Centrica has agreed to sell its interests in three UK wind farms to a consortium for £115.
Subsea Expo 2016: Unlocking North Sea small pools offers a $20billion prize
Unlocking untapped oil reserves in small pools in the UK North Sea could land as a $20 billion prize for the oil and gas industry according to a senior executive.
British Gas cutting 500 jobs in efficiency shake up
British Gas is to axe 500 jobs, hitting its loft and cavity wall insulation business, as part of the company’s efficiencies programme.