Centrica PLC Company News

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Centrica Brakes on Spirit Energy Sale, Cancels Dividend
Centrica Plc paused the divestment of its North Sea oil and gas assets and withheld its final dividend payment.
8:00 PM EST | April 01, 2020
Gas Writedowns Surface in Europe With $1.4B Blow to Centrica
Centrica became the first energy company to book a major writedown on production assets in Europe.
7:00 PM EST | February 12, 2020
Commodity Traders Drawn to LNG Over Elusive Big Oil Profits
With margins narrowing in the oilpatch, some of the world's biggest trading houses are diving into LNG.
8:00 PM EST | March 26, 2019
Centrica, Tokyo Gas Join Anadarko's Mozambique LNG Project as Buyers
Centrica and Tokyo Gas have signed a non-binding agreement to buy liquefied natural gas from Anadarko Petroleum's Mozambique project, a move that will bring the US company closer to a final decision on the development.
8:00 PM EST | June 14, 2018
Sharp Fall In Applications For Norway's Arctic Oil Permits
Norway's attractiveness as an oil region took a hit when energy authorities said 11 oil firms applied for stakes in exploration blocks in its latest oil licensing round
7:00 PM EST | December 04, 2017
Drilling of Well at Fogelberg Gas Discovery to Start in Feb/March -Centrica
Norwegian company Island Drilling has won the drilling contract, Centrica said.
8:00 PM EST | August 31, 2017
Centrica Merges Oil Business with Bayerngas to Tap Younger Fields
Centrica will own 69 percent of the new entity and raise its interests in younger fields.
8:00 PM EST | July 16, 2017
Gazprom Smells Opportunity as UK's Biggest Gas Store Shuts
While Britain's import needs are mostly met by Norway, it also receives Russian fuel indirectly through pipelines.
8:00 PM EST | June 22, 2017
Britain's Reliance On Imported Gas To Jump As Giant Storage Site Axed
Britain is set to lose its largest natural gas storage site, increasing the country's reliance on imported energy, after Centrica said it would close its ageing Rough facility.
8:00 PM EST | June 19, 2017
Traders Brace for First Winter Without U.K.'s Big Gas Store
In the past, a fully operational Rough provided a buffer against price swings.
8:00 PM EST | May 18, 2017
First Gas at Cygnus, UK's Largest Producing Gas Field in 2017
First gas has flowed from the Cygnus field, which is on course to be the largest producing gas field in the UK North Sea in 2017, according to Centrica plc.
7:00 PM EST | December 14, 2016
Centrica: Oda Field to see $634M Investment, Will Create 5,500 Jobs
Centrica plc, along with its license partners, has pledged to invest $634 million for the development to the Oda field, which it says will generate thousands of jobs over its lifetime.
7:00 PM EST | November 29, 2016
Centrica Sells Trinidad And Tobago Gas Assets To Shell
British utility Centrica said on Wednesday it has agreed to sell its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell.
7:00 PM EST | November 29, 2016
New 'Oil & Gas Technology Centre' Appoints CEO
Former Centrica executive Colette Cohen will head the new Oil & Gas Technology Centre in Aberdeen.
8:00 PM EST | July 14, 2016
Oil Bust Pushes Producers Together To Make Cost Cutting Count
The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible.
8:00 PM EST | June 21, 2016
Centrica to Axe Jobs, CAPEX, Output
In addition to CAPEX and output cuts, Centrica plc will axe 3,000 employees in 2016 as it seeks to create value in the current low oil price environment.
7:00 PM EST | February 17, 2016
Petrofac Secures Contract Extensions with Two Key UKCS Customers
Oilfield services firm Petrofac secures $400 million worth of contract extensions with two key customers on the UK Continental Shelf.
7:00 PM EST | December 13, 2015
Centrica Says to Spend Less than Planned after Upstream Cost Cuts
UK utility firm Centrica expects to spend less than the $1.6 billion in previously expected due to a cut in upstream investments.
7:00 PM EST | December 09, 2015
Norway Approves Wintershall's Maria Oil Field Development
Norway approves Wintershall's plan to develop the Maria oil and gas field in the Norwegian Sea.
8:00 PM EST | September 03, 2015
IGas Appoints New Chief Financial Officer
IGas announces the appointment of a new chief financial officer and board director.
8:00 PM EST | August 25, 2015
Shell, Centrica to Cut More Than 12,000 Jobs by 2020
Shell and Centrica reveal plans to axe more than 12,000 jobs by 2020.
8:00 PM EST | July 29, 2015
UK's Centrica Extends North Morecambe Gas Field Outage by 6 Hours
Centrica extends the duration of an unplanned outage at its North Morecambe gas field, offshore UK, by six hours.
8:00 PM EST | July 02, 2015
Wintershall Norge Secures Drilling Permit for Well 10/4-1 Offshore Norway
The Norwegian Petroleum Directorate has awarded Wintershall Norge AS a drilling permit for well 10/4-1, located in production license 734 offshore Norway.
8:00 PM EST | June 22, 2015
Total's Skirne East Well Finds Gas Offshore Norway
Tota's Skirne East exploration well in the Norwegian North Sea finds recoverable gas of up to 10 million barrels oil equivalent.
8:00 PM EST | April 09, 2015
Centrica: Gas Outage at Britain's Barrow Terminal Resolved
Gas flows into the UK's Barrow terminal resume after falling close to zero.
8:00 PM EST | April 07, 2015
Gas Imports into Britain's North Morecambe Sub-Terminal Shut
Gas deliveries into the UK's North Morecambe sub-terminal are shut due to an unexpected outage.
8:00 PM EST | April 06, 2015
Task Force: Britain Needs New Regulator For Shale Gas Industry To Take Off
Britain needs a new regulator for onshore underground energy and shale gas companies must engage with local communities more effectively before a UK shale gas industry can be developed.
8:00 PM EST | March 24, 2015
Shango Well Spuds in the Norwegian North Sea
Total begins drilling the Shango exploration well in the Norwegian North Sea.
8:00 PM EST | March 15, 2015
New Centrica Head Cuts Dividend after Energy Prices Fall
UK energy firm Centrica cuts dividend and its 2015-2016 exploration and production budget due to weak energy prices.
7:00 PM EST | February 18, 2015
Faroe, Lundin, Cairn Score Norway License Wins
Faroe Petroleum and Lundin Petroleum issue details of licenses they have secured in Norway's latest offshore licensing round.
7:00 PM EST | January 20, 2015
Centrica's Cohen Appointed Head of UK Onshore Oil, Gas College
Colette Cohen, head of Centrica's UK oil and gas production business, is appointed chair of the UK's new National College for Onshore Oil and Gas.
7:00 PM EST | January 18, 2015
Centrica Makes Minor Gas Discovery near Aasta Hansteen
Centrica Resources Norge makes a minor gas discovery near the Aasta Hansteen field in the Norwegian Sea, according to the Norwegian Petroleum Directorate.
7:00 PM EST | December 07, 2014
Gas Discovery at Ivory Well Inconclusive
Rocksource reports that its Ivory exploration well in the Norwegian Sea has discovered a gas accumulation but that it is not possible to determine if the discovery is commercial.
7:00 PM EST | December 01, 2014
Centrica Continues Boardroom Reshuffle with New British Gas Head
Centrica is to promote its current managing director of British Gas residential energy to head its entire British Gas business.
8:00 PM EST | October 30, 2014
Serica Energy Completes Farm Out of Doyle Gas Prospect
UK junior Serica Energy completes the farm out of the Doyle gas prospect in the UK zone of the East Irish Sea.
8:00 PM EST | August 04, 2014
Centrica 1H Profits Fall 35% On Weather Woes
Centrica posts a 35% fall in operating profit for the first half of the year.
8:00 PM EST | July 30, 2014
Centrica Comes Up Dry near Ula Field
Centrica Resources Norge drills a dry well near the Ula field on Norwegian production license 405.
8:00 PM EST | July 22, 2014
Butch South West Well Spuds
Drilling begins on the Butch South West well in the Norwegian North Sea
8:00 PM EST | June 01, 2014
Centrica, Qatar JV Buys Canadian Gas Assets from Shell
A Centrica and Qatar Petroleum joint venture agrees to buy a number of Canadian natural gas assets from Shell.
8:00 PM EST | May 14, 2014
Centrica Drills Two Dry Wells in North Sea
Centrica Resources Norge drills two dry wells in production license 405 in the Norwegian North Sea.
8:00 PM EST | May 13, 2014
Centrica Comes up Dry at Butch East Well
Centrica fails to find hydrocarbons at its Butch East exploration well in the Norwegian North Sea.
8:00 PM EST | May 11, 2014
EnQuest Completes Greater Kittiwake Acquisition
EnQuest completes the acquisition of several assets in the North Sea's Greater Kittiwake Area, boosting its production by 2,000 barrels per day.
7:00 PM EST | March 02, 2014
UK's Centrica Cuts E&P Spend by 20%
Centrica becomes the latest oil and gas firm to cut back on upstream spending as it announces a 20-percent cut to its annual E&P capex budget.
7:00 PM EST | February 19, 2014
Wintershall Spuds Solberg Well in Norwegian Sea
German independent explorer Wintershall begins drilling the Solberg well in the Norwegian Sea.
7:00 PM EST | February 02, 2014
Faroe Achieves its Best Ever Licensing Round
Junior explorer Faroe Petroleum receives its largest award to date in the 2013 Norwegian APA licensing round.
7:00 PM EST | January 21, 2014
Centrica Spuds Butch East Exploration Well
Centrica begins back-to-back drilling campaign on the Butch license.
7:00 PM EST | December 29, 2013
UK Chancellor to Provide More on Shale Incentives in Autumn Statement
UK Energy Minister Michael Fallon says that more details of tax incentives for shale gas development will be revealed when the Autumn Statement is announced Dec. 5.
7:00 PM EST | November 21, 2013
GDF Suez Buys into UK Shale Gas Projects
GDF Suez will buy a 25-percent share in 13 UK unconventional gas licenses currently owned by Dart Energy in a farm-out deal.
8:00 PM EST | October 21, 2013
EnQuest Buys Kittiwake Area Assets from Centrica
EnQuest acquires assets in the UK's Greater Kittiwake area from Centrica.
8:00 PM EST | October 21, 2013
Centrica Scraps UK Gas Storage Plan after Govt Backs Off
After the UK government refuses to help build stockpiling sites, Centrica calls off plans for gas storage projects.
8:00 PM EST | September 22, 2013