Fluor Corporation announced last night that its subsidiary firm, Stork, had signed an extension deal with Centrica Storage for its Southern North Sea assets.
The size of Spirit Energy's operation will limit any potential buyers to well-funded firms, according to an analyst.
A trade union has warned energy giant Centrica that it "can't cut its way out of a crisis" as it looks to slash jobs and make £250 million in efficiencies on the back of poor half-year financial results.
British Gas owner Centrica has confirmed that chief executive Iain Conn will step down next year, putting an end to a five-year tenure which has been beset by upheaval in the energy industry and a tumbling share price.
Centrica has announced plans to dispose of its interests in North Sea explorer Spirit Energy by the end of next year.
Centrica, the owner of British Gas, is set to update the market on Tuesday with its latest set of half-year results.
More than a dozen big name businesses have been suspended from the Government's Prompt Payment Code for failing to pay suppliers on time.
The loss of hundreds of jobs at a British energy firm is down to "rotten leadership", according to a UK workers union.
Energy giant Npower has swung to a loss at the start of 2019 after shedding another 102,000 customers and taking a hit from the energy price cap.
Three of Europe’s biggest utilities are highlighting the challenge of making money in Britain’s notoriously difficult retail energy market.
Scottish Gas owner Centrica suffered a sizable shareholder revolt over bosses’ pay at its annual general meeting (AGM) in London yesterday.
British Gas owner Centrica has warned unusually warm weather and a £70 million hit from the energy price cap will impact first half results as it also suffered a further customer exodus.
Institutional shareholders at energy giant Centrica are being urged to block a big pay rise for its chief executive.
Energy giant Centrica is joining calls on the Government to introduce mandatory paid leave for workers who also have caring responsibilities.
One of the North Sea’s original pioneers has bid farewell to a basin he first operated in almost 50 years ago.
The chief executive of British Gas owner Centrica pocketed a £2.4 million pay packet last year, despite the firm losing hundreds of thousands of customers as it embarked on a major jobs cull.
Energy supplier Centrica has said it wants to “limit exposure” to its oil and gas subsidiary Spirit Energy.
The owner of Scottish Gas suffered a near-£1 billion plunge in value yesterday despite it more than quadrupling profits during 2018.
Centrica has agreed a contract to trade 76% of the electricity generated from the new Moray East offshore windfarm.
British Gas owner Centrica is on course to meet its targets for 2018 despite weaker than expected performance at Spirit Energy.
British Gas owner Centrica has appointed a new chairman to lead it into its "next phase" as it struggles to retain customers.
An oil company which is drilling about 20% of all Norwegian exploration wells this year plans to persevere with its bold approach.
Centrica Plc shares rose the most in more than six months after Britain’s energy regulator published its long-awaited cap on power and gas bills for as many as 11 million customers.
The latest threat to the dominance of Britain’s six biggest energy suppliers is coming from small technology companies that automatically switch consumers to the cheapest deal.
British Gas owner Centrica has made a multi-million pound investment in an Israeli start-up which develops software for electric vehicle charging.