Search results for: Centrica Resoursces

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  • 29 September 2014
    Business & Finance, Equipment, Operations & Maintenance

    The Norwegian Petroleum Directorate (NPD) has granted Centrica Resources (Norge) AS a drilling permit for wellbore 6707/10-3, cf. Section 8 of the Resource Management Regulations. Wellbore 6707/10-3 will be drilled from the West Navigator drilling rig. The drilling programme for wellbore 6707/10-3 relates to drilling of a wildcat well in production licence 528 B. Centrica Resources […]

  • 11 December 2017
    Business & Finance

    Spirit Energy, the E&P joint venture which combines Centrica’s E&P business with Bayerngas Norge, has begun trading as an independent oil and gas operator. Completion of the transaction – which was announced on July 17, 2017 – follows receipt of all the required regulatory approvals and Spirit Energy now becomes an independent European E&P company, […]

  • 17 July 2017
    Business & Finance, Operations & Maintenance

    Centrica and Stadtwerke München (SWM) have reached an agreement to combine Centrica’s European oil and gas exploration and production (E&P) business with Bayerngas Norge to form a newly incorporated joint venture  and create an independent European E&P company. The Joint Venture will have two shareholding entities. Centrica will own 69% and Bayerngas Norge’s existing shareholders, […]

  • 3 May 2012

    Centrica, the parent company of British Gas, said it has completed its $1,525 million (£936 million) agreement with Statoil Petroleum to acquire a package of producing and development oil and gas assets in the Norwegian sector of the North Sea. An additional payment of up to $100 million (£61 million) is contingent on future production […]

  • 17 July 2017
    Business & Finance

    UK’s Centrica and Germany’s Stadtwerke München GmbH (SWM) will combine Centrica’s European oil and gas exploration and production (E&P) business with Bayerngas Norge to create an independent European E&P company. The joint venture will have two shareholding entities where Centrica will own 69% and Bayerngas Norge’s existing shareholders, led by SWM and Bayerngas GmbH, will […]

  • 13 June 2013

    Centrica plc has become a 25 per cent investment partner in the Cuadrilla Resources operated Lancashire Bowland shale gas exploration licence area. The ownership of the joint venture before the transaction was 75 per cent Cuadrilla and 25 per cent A J Lucas.  Francis Egan, Cuadrilla’s CEO, said: “Today’s announcement represents a significant step in our […]

  • 5 February 2016
    Business & Finance

    Centrica and its 50% joint venture partner EIG Global Energy Partners (EIG) have agreed a joint sale of the 194 MW Lynn and Inner Dowsing offshore wind farms to a consortium comprising the UK Green Investment Bank Offshore Wind Fund and funds managed by BlackRock. The overall transaction also includes the sale of the 26 […]

  • 13 January 2017
    Business & Finance

    Centrica and Siemens Project Ventures have announced the sale of their combined 75% stake in the 270MW Lincs offshore wind farm to UK Green Investment Bank Financial Services managed entities and the UK Green Investment Bank plc. The remaining stakeholder, DONG Energy, will keep its ownership share in the wind farm. Centrica holds a 50% […]

  • 22 February 2012
    Business & Finance

    UK’s Centrica plc, has reached an agreement with Total E&P UK Limited to buy its non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388 million (£246 million). Around 20% of the consideration is allocated to UK tax allowances. The portfolio […]

  • 12 June 2013
    Business & Finance

    Following the announcement by BAE Systems plc that Sir Roger Carr is to become their next chairman, Centrica plc is starting a search for a new Chairman of its Board. The search will be led by the Senior Independent Director, Mary Francis CBE. After 10 very successful years as Centrica’s Chairman, Sir Roger will step […]

  • 22 February 2012

    Centrica plc said it has reached an agreement with Total E&P UK Limited to acquire their non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388 million (£246 million). Around 20% of the consideration is allocated to UK tax allowances. The […]

  • 7 June 2012
    Business & Finance

    Centrica plc, the parent company of British Gas, and Statoil ASA today signed an extension to their Memorandum of Understanding (MoU) to collaborate on gas-focussed exploration opportunities in Norway and the UK. The original MoU, which was signed in November 2011, has already resulted in the companies bidding jointly in the 27th UK North Sea […]

  • 8 March 2011
    Business & Finance

      Heerema Hartlepool, one of the three fabrication locations of Heerema Fabrication Group (HFG), has been awarded the EPCI (Engineering, Procurement, Construction and Installation) contract of the 2,750 tonnes York platform destined for the York Field Development gasfield in the UK Continental Shelf. At Heerema Hartlepool the construction work of the 1,300 tonnes topsides and […]

  • 3 May 2017

    UK oil and gas operator Centrica has said that its £60 million project to refurbish its Morecambe Bay platforms will secure 350 jobs. The project to refurbish two 5,000-tonne platforms in the East Irish Sea, which is expected to start later this month, will boost output from the fields which already produce enough gas to […]

  • 3 June 2013
    Business & Finance

    Centrica plc has reached an agreement to sell its 50% interest in the 72MW Braes of Doune onshore wind farm in Stirlingshire, Scotland, for £59 million in cash. The stake has been acquired by the Hermes GPE Infrastructure Fund, which is managed by Hermes GPE LLP. Centrica will continue to receive 100% of the wind […]

  • 8 June 2012

    Centrica, the parent company of British Gas, and Statoil signed an extension to their Memorandum of Understanding (MoU) to collaborate on gas-focussed exploration opportunities in Norway and the UK. The original MoU, which was signed in November 2011, has already resulted in the companies bidding jointly in the 27th UK North Sea licensing round. This […]

  • 8 May 2018
    Business & Finance

    Chairman of UK energy company Centrica has decided to step down from his position within the next 12 months.

  • 30 January 2012

    Centrica plc, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of $223 million (£142 million), including $103 million (£66 million) attributable to historic tax allowances. The fields, which are located […]

  • 2 October 2019

    LNG from the Sabine Pass plant in Louisiana is transported aboard the 2013-built GasLog Skagen.

  • 30 September 2019

    UK’s Centrica said it has loaded its first liquified natural gas cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Louisiana under the agreement signed in 2013 with Cheniere Energy Partners.

  • 11 November 2019

    Centrica and SWM have reportedly launched a sale process of the North Sea oil producer Spirit Energy.

  • 30 January 2012
    Business & Finance

    Centrica plc, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field and associated satellites for a total cash consideration of $223 million (£142 million), including $103 million (£66 million) attributable to historic tax allowances. The fields, which are located […]