Search results for: centrica

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A list of search results

  • 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, […]

  • 17 October 2013

    Centrica said that Richard Haythornthwaite will be appointed Non-Executive Chairman of the Company with effect from 1 January 2014. Upon appointment, Haythornthwaite will also become a member and chairman of Centrica’s Nominations Committee, and a member of Centrica’s Remuneration Committee.  Haythornthwaite also joined the Board of Centrica as a non-executive director. Haythornthwaite is Chairman of […]

  • 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% […]

  • 2 October 2019

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

  • 30 November 2016

    UK’s Centrica has decided to sell all of its gas fields offshore Trinidad & Tobago to Shell. In a statement on Tuesday, Centrica said Shell would buy its entire portfolio of gas assets, located offshore the Caribbean Country, for an initial cash consideration of $30 million (£24 million). The assets consist of a 17.3 per […]

  • 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 […]

  • 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 […]

  • 28 November 2012
    Business & Finance, Operations & Maintenance, Research & Development

    On 30 October, the Petroleum Safety Authority Norway (PSA) conducted an audit of Centrica Resources (Norge) AS (Centrica). The audit activity was conducted as part of the processing of Centrica’s application for consent relating to lifetime extension of the well, subsea facilities, production pipeline and umbilical cord for Vale. In the audit, we emphasised that […]

  • 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 […]

  • 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, […]

  • 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 […]

  • 18 November 2011
    Business & Finance

    Centrica plc (“Centrica”) announced that Dame Helen Alexander, a Non-Executive Director of Centrica and Chairman of Centrica’s Remuneration Committee, will step down from the Board of Centrica with effect from 31 December 2011. Dame Helen joined the Board in January 2003. Lesley Knox will replace Dame Helen as Chairman of the Remuneration Committee with effect […]

  • 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 […]

  • 28 November 2012
    Business & Finance

    On 30 October, the Petroleum Safety Authority Norway (PSA) conducted an audit of Centrica Resources (Norge) AS (Centrica). The audit activity was conducted as part of the processing of Centrica’s application for consent relating to lifetime extension of the well, subsea facilities, production pipeline and umbilical cord for Vale. In the audit, PSA wanted a […]

  • 2 April 2013

    Gas production has begun from the Rhyl gas field in Morecambe Bay, helping to secure the future of 400 North West jobs and boost energy security for the UK. The Rhyl field, located 39km off the coast of Barrow, was first discovered in 2009 and is wholly owned and operated by Centrica Energy. Gas from […]

  • 18 November 2011

    Centrica plc announced that Dame Helen Alexander, a Non-Executive Director of Centrica and Chairman of Centrica’s Remuneration Committee, will step down from the Board of Centrica with effect from 31 December 2011.  Dame Helen joined the Board in January 2003.  Lesley Knox will replace Dame Helen as Chairman of the Remuneration Committee with effect from […]

  • 12 June 2014
    Business & Finance, Equipment

    EVRY to deliver IT solutions to Centrica

  • 8 May 2018
    Business & Finance

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

  • 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 […]

  • 8 September 2016

    UK-based energy and services company Centrica is reducing its workforce at the oil and gas division in Norway.   Following reports that Centrica is cutting down its workforce in Norway, Offshore Energy Today has reached out to the company seeking confirmation and further details about the downsizing process. The company’s spokesperson confirmed that, due to […]

  • 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 […]

  • 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 […]