Bold Norwegian approach may be applied to UK operations
An oil company which is drilling about 20% of all Norwegian exploration wells this year plans to persevere with its bold approach.
Centrica
Centrica jumps as price cap for energy bills ends uncertainty
Centrica Plc shares rose the most in more than six months after Britain’s energy regulator published its long-awaited cap on power and gas bills for as many as 11 million customers.
UK’s biggest energy suppliers losing more customers to start-ups
The latest threat to the dominance of Britain’s six biggest energy suppliers is coming from small technology companies that automatically switch consumers to the cheapest deal.
Centrica makes multi-million pound investment in Israeli EV start-up
British Gas owner Centrica has made a multi-million pound investment in an Israeli start-up which develops software for electric vehicle charging.
Profits slump at Centrica’s consumer energy supply arm
British Gas owner Centrica has reported a 20% slump in earnings at its residential supply arm and raised the prospect of further tariff hikes as it said wholesale prices have continued to surge.
Centrica energy boss to retire
The man who steered Centrica’s energy division through its takeover of Aberdeen-based oil and gas company Venture Production nearly nine years ago is to retire.
Centrica invests in UK’s ‘largest’ green gas supplier
Utilities firm Centrica has announced the acquisition of a 50% stake in one of the UK's largest biomethane suppliers, Barrow Green Gas (BGG).
Tokyo Gas and Centrica join forces for Mozambique LNG deal
Tokyo Gas and Centrica subsidiary, Centrica LNG Company, have today announced the joint signing of a deal in Mozambique for the long-term offtake of Liquefied Natural Gas (LNG) in the region.
Centrica invests £400,000 in ‘smart homes’ initiative
The boss of an Easter Ross company involved in a pioneering “smart homes” initiative has said new funding and support from energy giant Centrica will help take its work to new levels.
Science to lift the lid on effect of North Sea decommissioning
No one knows what consequences the removal of North Sea infrastructure will have on marine life, a decommissioning project director has said.
Spirit Energy production ‘slightly below expectations’, Centrica says
Spirit Energy’s production levels have been “slightly below expectations” so far this year, one of its co-owners said.
Centrica boosted by Beast, but still losing customers
British Gas owner Centrica lost more than 100,000 accounts in the first four months of the year as increased competition continues to see customers desert bigger energy firms.
Centrica chairman to step down
Centrica chairman Rick Haythornthwaite has today announced his intention to step down from his post within the next 12 months.
Centrica pilots new tech to “revolutionise” local energy market
Centrica is trialling new technology which could “revolutionise” the way people buy and sell energy.
Gas supplies warning: the key questions answered
National Grid has issued a deficit warning over UK gas supplies in the face of the freezing conditions. Here are answers to some key questions.
‘Very few negatives’ in Centrica’s results, analyst says
City analyst John Musk said there were “very few negatives” in Centrica’s results.
Rough to produce more than 50bn cubic feet of gas this year, Centrica says
Centrica’s storage business said today that it expects to produce more than 50billion cubic feet (bcf) of gas from the Rough field this year.
Centrica ready to lower stake in Spirit Energy for ‘right offer’
Centrica said today that it was prepared to drop its stake in Spirit Energy to below 50% if the “right value-creating opportunity” comes along.
Updated: 4,000 jobs to go at Centrica as profits dive 17%
Thousands of UK jobs are at risk as British Gas owner Centrica looks to axe a further 4,000 roles under a ramped-up efficiency programme following a 17% drop in annual profits.
Investors think Centrica will cut dividend. Analysts aren’t sure
As Centrica Plc prepares to unveil figures for a year when its share price fell by a record, investors and analysts are divided over whether the British utility will cut its dividend.
Looking to get into the Spirit of things?
Spirit Energy has arrived at the ball and is looking for someone new to hook up with.
Exclusive: Spirit goes after more Chiswick field gas with £75m investment
Spirit Energy expects to bring another 50billion cubic feet of gas on stream at one of its North Sea fields after sanctioning a £75million investment in a new well.
Centrica’s big battery project takes a step forward
Planning applications have been submitted to Kilkenny County Council in Ireland for a new 100MW battery system from Centrica.
Exclusive: Spirit Energy field given new lease of life with £35m investment
About 70 North Sea jobs have been safeguarded by a £35million investment in an oil field whose days looked numbered as recently as one year ago.
Centrica admits it needs to do more to get customers away from rip-off deals
British Gas owner Centrica has admitted it has not done enough to contact its customers on rip-off tariffs and encourage them to switch to cheaper deals.