British Gas will no longer be operated through its three businesses but will be moved into two new business units, the company has revealed. The move comes after strategic review was carried out by Centrica last year.
The head of industry body Subsea UK has urged the oil and gas industry to take action to now to safeguard the future of the UK’s £9billion subsea sector.
Throughout the holiday season Energy Voice will be taking a look back at some of our most read columns from 2015.
The Health and Safety Executive has served two improvement notices on Centrica relating to the Central Morecambe platform in the East Irish Sea.
Petrofac has landed UKCS contract extensions, totalling $400million.
British Gas owner Centrica said it had made “good progress” in recent trading despite commodity price falls.
Subsea 7 will provide decommissioning services for the second phase of Centrica’s Rose and Stamford gas field decommissioning programmes, located in the southern North Sea.
Centrica will update shareholders this week on how much headway it has made to its corporate restructure.
The City will look for early signs of a turnaround at British Gas owner Centrica when it posts a trading update next week.
Energy giant Centrica is to invest £63million at South Humber Bank power station, securing the future of the site up to 2027.
Centrica Enery Norway has awarded Aibel a frame agreement for field development projects on the Norwegian Continental Shelf. The company said all project phases have been included in the deal including various study phases and pre-engineering work.
Centrica Energy is drilling a new well at the York field in the North Sea that could tap into an additional 20billion cubic feet of gas. The company said work has begun to unlock the new gas reserves and boost production following £80million worth of investment. The York gas field, 20 miles off the Lincolnshire coast, already produces enough gas every day to heat all the homes in Hull and both north and north east Lincolnshire combined.
Everyday teams of offshore workers are “walking to work” on North Morecambe platform in the East Irish Sea. The £16million project being undertaken by Centrica Energy involves installing new equipment to use the high pressure of the nearby Rhyl field to boost production from the wells in the North Morecambe field.
Centrica has been given the go-ahead by Norway's Petroleum Safety Authority to drill a shallow pilot hole to establish there is no shallow gas in block 8/10 in the North Sea prior to further activity in the prospect.
The news that so many girls growing up in Scotland don’t think they are smart enough or too weak to pursue a STEM career is a wake-up call for everyone involved in helping these young women make choices about their future.
Wintershall and its partners Petoro and Centrica have been given approval by the Norwegian government for the development and operation (PDO) of the Maria field.
Centrica Energy's boss spelled out the reasons behind the oil and gas giant's decision to scale back its upstream operation.
British Gas said operating profits have risen by 44% as more energy was used by consumers due to colder weather conditions. The company, owned by Centrica, said consumption was up by 11% compared to a “warm first half” of 2014. The first six months of the year have seen profits surge to £528million up from £265million a year earlier.
Centrica is the latest company to announce job losses.
This image shows the Paragon B391 drilling rig leaving Rotterdam as it made its way to Centrica’s decommissioning projects in the southern North Sea gas basin. The photo, which was captured by a drone, shows the rig as it travelled to the site where it will carry out well plugging and abandonment activities on two single-well subsea fields. Paragon will work on the Stamford gas and Rose decommissioning project.
Centrica has appointed Jeff Bell as its chief financial officer. He will also join the Centrica board from August 1.
Britain's Oil and Gas Authority (OGA) has given consent to Centrica to increase storage capacity at Rough, the country's largest gas storage site, the company said on Monday. The OGA decision will enable the site to increase its storage capacity by around 15 billion cubic feet or 4.5 terrawatt hours (TWh), Centrica said in a statement.
Centrica said up to 80 jobs could be created in the UKCS as the company unveiled a new project aimed at boosting gas production. The energy giant plans to tap into new reserves in the North Morecambe field, with work beginning this month. The move is set to take investment in the region past the £100million mark and unlock as much as 8.8billion cubic feet in new gas reserves.
Energy giant Centrica has hit back at an official report that says millions of people are paying over the odds on their fuel bills.
Statoil and Gazprom have both signed agreements with Centrica to increase the volume of gas they supply to the company under an existing supply agreement. In 2011, the Statoil signed a 10-year agreement with Centrica for the supply of five billion cubic metres (bcm) per annum to be delivered to the UK from October this year. The new agreement will increase the volume of gas by a further 2.3bcm per year, taking the total volume to be delivered over the ten-year period to 73bcm. Ann-Elisabeth Serck-Hanssen, acting senior vice president of marketing and trading in Statoil, said: “We are very happy to have made this agreement with Centrica.