Centrica PLC Company News
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Centrica Brakes on Spirit Energy Sale, Cancels Dividend
Thursday, April 02, 2020Centrica Plc paused the divestment of its North Sea oil and gas assets and withheld its final dividend payment.
Gas Writedowns Surface in Europe With $1.4B Blow to Centrica
Thursday, February 13, 2020Centrica became the first energy company to book a major writedown on production assets in Europe.
Commodity Traders Drawn to LNG Over Elusive Big Oil Profits
Wednesday, March 27, 2019With margins narrowing in the oilpatch, some of the world's biggest trading houses are diving into LNG.
Centrica, Tokyo Gas Join Anadarko's Mozambique LNG Project as Buyers
Friday, June 15, 2018Centrica 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.
Sharp Fall In Applications For Norway's Arctic Oil Permits
Tuesday, December 05, 2017Norway'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
Drilling of Well at Fogelberg Gas Discovery to Start in Feb/March -Centrica
Friday, September 01, 2017Norwegian company Island Drilling has won the drilling contract, Centrica said.
Centrica Merges Oil Business with Bayerngas to Tap Younger Fields
Monday, July 17, 2017Centrica will own 69 percent of the new entity and raise its interests in younger fields.
Gazprom Smells Opportunity as UK's Biggest Gas Store Shuts
Friday, June 23, 2017While Britain's import needs are mostly met by Norway, it also receives Russian fuel indirectly through pipelines.
Britain's Reliance On Imported Gas To Jump As Giant Storage Site Axed
Tuesday, June 20, 2017Britain 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.
Traders Brace for First Winter Without U.K.'s Big Gas Store
Friday, May 19, 2017In the past, a fully operational Rough provided a buffer against price swings.
First Gas at Cygnus, UK's Largest Producing Gas Field in 2017
Thursday, December 15, 2016First 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.
Centrica: Oda Field to see $634M Investment, Will Create 5,500 Jobs
Wednesday, November 30, 2016Centrica 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.
Centrica Sells Trinidad And Tobago Gas Assets To Shell
Wednesday, November 30, 2016British utility Centrica said on Wednesday it has agreed to sell its gas assets in Trindad and Tobago for $30 million to Royal Dutch Shell.
New 'Oil & Gas Technology Centre' Appoints CEO
Friday, July 15, 2016Former Centrica executive Colette Cohen will head the new Oil & Gas Technology Centre in Aberdeen.
Oil Bust Pushes Producers Together To Make Cost Cutting Count
Wednesday, June 22, 2016The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible.
Centrica to Axe Jobs, CAPEX, Output
Thursday, February 18, 2016In 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.
Petrofac Secures Contract Extensions with Two Key UKCS Customers
Monday, December 14, 2015Oilfield services firm Petrofac secures $400 million worth of contract extensions with two key customers on the UK Continental Shelf.
Centrica Says to Spend Less than Planned after Upstream Cost Cuts
Thursday, December 10, 2015UK utility firm Centrica expects to spend less than the $1.6 billion in previously expected due to a cut in upstream investments.
Norway Approves Wintershall's Maria Oil Field Development
Friday, September 04, 2015Norway approves Wintershall's plan to develop the Maria oil and gas field in the Norwegian Sea.
IGas Appoints New Chief Financial Officer
Wednesday, August 26, 2015IGas announces the appointment of a new chief financial officer and board director.
Shell, Centrica to Cut More Than 12,000 Jobs by 2020
Thursday, July 30, 2015Shell and Centrica reveal plans to axe more than 12,000 jobs by 2020.
UK's Centrica Extends North Morecambe Gas Field Outage by 6 Hours
Friday, July 03, 2015Centrica extends the duration of an unplanned outage at its North Morecambe gas field, offshore UK, by six hours.
Wintershall Norge Secures Drilling Permit for Well 10/4-1 Offshore Norway
Tuesday, June 23, 2015The Norwegian Petroleum Directorate has awarded Wintershall Norge AS a drilling permit for well 10/4-1, located in production license 734 offshore Norway.
Total's Skirne East Well Finds Gas Offshore Norway
Friday, April 10, 2015Tota's Skirne East exploration well in the Norwegian North Sea finds recoverable gas of up to 10 million barrels oil equivalent.
Centrica: Gas Outage at Britain's Barrow Terminal Resolved
Wednesday, April 08, 2015Gas flows into the UK's Barrow terminal resume after falling close to zero.
Gas Imports into Britain's North Morecambe Sub-Terminal Shut
Tuesday, April 07, 2015Gas deliveries into the UK's North Morecambe sub-terminal are shut due to an unexpected outage.
Task Force: Britain Needs New Regulator For Shale Gas Industry To Take Off
Wednesday, March 25, 2015Britain 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.
Shango Well Spuds in the Norwegian North Sea
Monday, March 16, 2015Total begins drilling the Shango exploration well in the Norwegian North Sea.
New Centrica Head Cuts Dividend after Energy Prices Fall
Thursday, February 19, 2015UK energy firm Centrica cuts dividend and its 2015-2016 exploration and production budget due to weak energy prices.
Faroe, Lundin, Cairn Score Norway License Wins
Wednesday, January 21, 2015Faroe Petroleum and Lundin Petroleum issue details of licenses they have secured in Norway's latest offshore licensing round.
Centrica's Cohen Appointed Head of UK Onshore Oil, Gas College
Monday, January 19, 2015Colette 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.
Centrica Makes Minor Gas Discovery near Aasta Hansteen
Monday, December 08, 2014Centrica Resources Norge makes a minor gas discovery near the Aasta Hansteen field in the Norwegian Sea, according to the Norwegian Petroleum Directorate.
Gas Discovery at Ivory Well Inconclusive
Tuesday, December 02, 2014Rocksource 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.
Centrica Continues Boardroom Reshuffle with New British Gas Head
Friday, October 31, 2014Centrica is to promote its current managing director of British Gas residential energy to head its entire British Gas business.
Serica Energy Completes Farm Out of Doyle Gas Prospect
Tuesday, August 05, 2014UK junior Serica Energy completes the farm out of the Doyle gas prospect in the UK zone of the East Irish Sea.
Centrica 1H Profits Fall 35% On Weather Woes
Thursday, July 31, 2014Centrica posts a 35% fall in operating profit for the first half of the year.
Centrica Comes Up Dry near Ula Field
Wednesday, July 23, 2014Centrica Resources Norge drills a dry well near the Ula field on Norwegian production license 405.
Butch South West Well Spuds
Monday, June 02, 2014Drilling begins on the Butch South West well in the Norwegian North Sea
Centrica, Qatar JV Buys Canadian Gas Assets from Shell
Thursday, May 15, 2014A Centrica and Qatar Petroleum joint venture agrees to buy a number of Canadian natural gas assets from Shell.
Centrica Drills Two Dry Wells in North Sea
Wednesday, May 14, 2014Centrica Resources Norge drills two dry wells in production license 405 in the Norwegian North Sea.
Centrica Comes up Dry at Butch East Well
Monday, May 12, 2014Centrica fails to find hydrocarbons at its Butch East exploration well in the Norwegian North Sea.
EnQuest Completes Greater Kittiwake Acquisition
Monday, March 03, 2014EnQuest completes the acquisition of several assets in the North Sea's Greater Kittiwake Area, boosting its production by 2,000 barrels per day.
UK's Centrica Cuts E&P Spend by 20%
Thursday, February 20, 2014Centrica 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.
Wintershall Spuds Solberg Well in Norwegian Sea
Monday, February 03, 2014German independent explorer Wintershall begins drilling the Solberg well in the Norwegian Sea.
Faroe Achieves its Best Ever Licensing Round
Wednesday, January 22, 2014Junior explorer Faroe Petroleum receives its largest award to date in the 2013 Norwegian APA licensing round.
Centrica Spuds Butch East Exploration Well
Monday, December 30, 2013Centrica begins back-to-back drilling campaign on the Butch license.
UK Chancellor to Provide More on Shale Incentives in Autumn Statement
Friday, November 22, 2013UK 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.
GDF Suez Buys into UK Shale Gas Projects
Tuesday, October 22, 2013GDF Suez will buy a 25-percent share in 13 UK unconventional gas licenses currently owned by Dart Energy in a farm-out deal.
EnQuest Buys Kittiwake Area Assets from Centrica
Tuesday, October 22, 2013EnQuest acquires assets in the UK's Greater Kittiwake area from Centrica.
Centrica Scraps UK Gas Storage Plan after Govt Backs Off
Monday, September 23, 2013After the UK government refuses to help build stockpiling sites, Centrica calls off plans for gas storage projects.