UK energy firms seek bailout as government talks run on
UK energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business.
Centrica
Spirit Energy owners to put Norwegian business up for sale
The owners of Spirit Energy will put the exploration and production company’s Norwegian business up for sale separately.
Covid sees 16 workers removed from Centrica Rough North Sea platform
Centrica has removed 16 workers from its Rough platform in the North Sea following a positive Covid case.
Sadness at sudden death of oil industry entrepreneur Bruce Dingwall
Tributes have been paid to Bruce Dingwall, a North Sea leading light who died suddenly yesterday, aged 61.
Centrica ‘simplifying’ Spirit Energy sales process
Utilities firm Centrica said today that it was simplifying the sales process for its upstream exploration and production (E&P) business, Spirit Energy.
Centrica in talks with UK to develop hydrogen storage at Rough
Centrica is in talks with the UK government about plans to convert its disused Rough natural gas storage site off the coast of northeast England to store hydrogen.
Centrica restates intention to offload Spirit Energy
Utilities firm Centrica confirmed today that its "intention remains" to sell its 69% shareholding in exploration from production firm Spirit Energy.
Centrica CEO was sent ‘package of excrement’ in British Gas row
Chris O'Shea, the CEO of British Gas owner Centrica, has said his family was sent a package of excrement amid a bitter engineers' dispute.
Oxford Flow appoints Conn on to its board
Former Centrica and BP boss Iain Conn has joined the board of industrial flow control specialist Oxford Flow.
Octopus Energy reaches £1.5bn valuation amid Japan plans
British challenger energy supplier Octopus has been valued at more than two billion dollars (£1.5 billion) in a new deal which launches its brand in Japan.
Centrica ‘restarts talks’ to sell Spirit Energy
Centrica Plc, the biggest supplier of energy to U.K. homes, has resumed talks over a potential sale of its North Sea oil and gas venture after putting the plans on hold earlier this year.
Green energy supplier aims to lead UK’s home power market
Octopus Energy Ltd., the clean energy provider, plans to add millions of new customers this decade on a pace that could soon make it the U.K.’s largest energy supplier.
Threat of industrial action by Centrica workers increases after ballot result
The threat of industrial action by workers at gas giant Centrica has come a step closer in a row over jobs and pay.
Trade union slams Centrica over directors’ pay
Directors at gas giant Centrica have been paid more than £30 million while they presided over the company's "plummeting" share price, a union is claiming.
Centrica to sell US energy retail arm for £2.8bn
British Gas owner Centrica has said it will sell off its US energy retail arm in a £2.8 billion deal.
Investors seek clarity from Centrica amid dispute with unions
Centrica will hope to win back some investor confidence on Friday as it presents its latest figures amid a tough battle with unions.
Thousands of Centrica workers ‘facing cuts to pay and conditions’
Thousands of workers at energy giant Centrica face cuts to their pay and conditions, according to unions.
Equinor finance chief to take up the reins at Neo Energy
Exploration and production firm Neo Energy, of Aberdeen, will replace one mergers and acquisitions (M&A) specialist with another at the top of its management ladder.
Centrica to cut 5,000 jobs
Centrica, which owns British Gas, has said it will cut 5,000 jobs due to the impact of the coronavirus pandemic on an already declining business.
Warhammer owner becomes as valuable as parent of British Gas and Spirit Energy
The company that owns the Warhammer tabletop game has become as valuable as the owner of Britain’s largest energy supplier.
Oil majors enjoy modest gains on FTSE
Analyst predicts return of marginal gains ethos in North Sea
Coach Sir Dave Brailsford is widely credited with turning around the fortunes of Britain’s cyclists using the “marginal gains” philosophy.
Centrica ‘pauses’ Spirit Energy sale until markets settle
Utilities giant Centrica has "paused" the sale of its stake in Spirit Energy due to the economic meltdown caused by the Covid-19 outbreak and oil price war.
Centrica anticipates bids for Spirit Energy stake
Utilities giant Centrica said today that it expects to receive initial bids for its stake in Spirit Energy by the end of next month.
Centrica boss blames UK price cap for big losses in 2019
British Gas owner Centrica blamed the new price cap in the UK as it swung into a major loss for the year.