Centrica News

 

Lhyfe, Centrica Team Up to Develop Green Hydrogen Offshore UK

Mar 20, 2023

Green hydrogen firm Lhyfe and UK-based energy and services company Centrica will jointly develop offshore renewable green hydrogen in the UK in what they say is 'a first' for the country. The two companies said they would explore combining their expertise to collaborate on a pilot green hydrogen production site in the Southern North Sea.'The pilot will aim to combine Lhyfe’s expertise on green hydrogen…

Centrica Taps Wood for Work at Rough Gas Storage Site

Nov 22, 2022

Engineering firm Wood said it has been appointed integrated services partner by Centrica Storage for the company’s U.K. Southern North Sea operations.The five-year contract includes the provision of engineering, procurement and construction solutions…

Centrica Reopens UK's Rough Gas Storage Site in Time for Winter

Oct 28, 2022

British Gas owner Centrica has reopened its Rough gas storage site off England's east coast at about 20% of its previous capacity, enough to heat 1 million homes for 100 days this winter, the company said on Friday.Countries across Europe have…

UK Allows Centrica to Reopen Rough Gas Storage Facility

Aug 31, 2022

Centrica's Rough gas storage site off England's east coast has received all the regulatory approvals to start storing gas again, Britain's oil and gas regulator said on Tuesday.Countries across Europe have been building gas stocks ahead of winter to prepare for disruptions to supply of Russian gas…

Energy Security: Equinor Inks Deal for Winter Gas Supply with UK’s Centrica

Jun 16, 2022

Equinor and Centrica announced an agreement to deliver additional gas supplies to the UK, effectively providing energy security for the UK over the coming three winters. The new supply agreement adds around 1 billion cubic meters (bcm) per year to Equinor’s existing…

Sval Energi Buys Spirit Energy Norway

Jun 01, 2022

Norwegian oil company Sval Energi has completed the acquisition of Spirit Energy Norway from Centrica.The USD 1,026 million Spirit Energy Norway acquisition closed May 31, with January 1 2021 as the commercial effective date. The acquisition includes 45 licenses (6 operated)…

Centrica Set to Complete $1.1B Sale of Spirit Energy's Norwegian Assets

May 30, 2022

UK-based electricity and gas supplier Centrica said Monday that all conditions for the sale of its subsidiary Spirit Energy’s Norwegian assets to Sval Energi AS and Spirit Energy’s interests in the Statfjord field to Equinor ASA for an initial headline consideration of $1…

UK Starts Urgent Review of Exposure to Russian Energy Groups

Mar 01, 2022

The UK government has launched an urgent review into how to reduce Britain's exposure to Russian gas imports and energy companies following the Ukraine's invasion, the Financial Times reported on Tuesday citing people familiar with the matter…

Spirit Energy Gets OK for Barents Sea well

May 01, 2020

Oil and gas company Spirit Energy has been given the approval to drill an offshore well in the Barents Sea, offshore Norway.The country's offshore oil and gas safety body PSA Norway, said this week that it had given Spirit Energy permission to drill the 7321/8-2 S offshore well…

Centrica Pauses Spirit Energy Sale, Scraps Dividend. Shares Hit Record Low

Apr 02, 2020

Britain's largest energy supplier Centrica canceled its 2019 dividend and cut costs in anticipation of an increase in nonpayments by customers and a drop in demand due to the COVID-19 outbreak, sending its shares to record lows.The government…

Spirit Energy Up for Sale

Nov 11, 2019

Energy group Centrica and Stadtwerke Muenchen (SWM) Group have launched the sale of Spirit Energy, one of the North Sea's biggest oil and gas producers, according to a document sent to prospective buyers seen by Reuters.Spirit Energy currently produces around 130…

Centrica Extends Stork Contract

Aug 12, 2019

Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a contract extension by Centrica Storage Limited to continue providing fabric maintenance and associated services for the company’s UK onshore and offshore oil and gas assets…

Neptune Energy Names Lumens CFO

Oct 22, 2018

Private equity backed oil and gas producer Neptune Energy on Monday named former Louis Dreyfus executive Armand Lumens as its chief financial officer. Lumens worked with Louis Dreyfus Co as its group chief financial officer for less than two…

Spirit gets nod for Fogelberg drilling

Jan 12, 2018

Spirit Energy, the new name for what was Centrica's exploration and production business, has been given permission by Norway's Petroleum Safety Authority to drill an appraisal well and a side track on the Fogelberg discovery in the Norwegian…

New North Sea E&P firm launches

Dec 11, 2017

New North Sea-focused independent Spirit Energy, owned jointly by Centrica and Bayerngas Norge, has launched.  Spirit Energy combined Centrica’s E&P business with Bayerngas Norge, under a deal announced in July this year. Spirit…

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