Former Centrica CEO Iain Conn speaks to Energy Voice about the opportunities presented by AI, and his thoughts on the latest from Centrica’s E&P business, Spirit Energy.
Centrica reported earnings before tax of £2.3 billion in the first half of 2023 as it looks to delay the end date for the Morecambe Bay gas fields.
The chief executive of Centrica has called for a wider roll-out of hydrogen for heating and power generation in a bid to combat the intermittency of renewables.
Centrica has struck a long-term sale and purchase agreement for a million tonnes a year of liquefied natural gas (LNG) from the US.
Centrica said it "stands ready" to spend £2bn to create the "largest long duration low-carbon energy storage facility in the world".
North Sea operator Spirit Energy has bared an “exceptional loss” relating to the sale of its Norwegian business in 2022.
An offshore supply vessel has been left needing repairs after it struck a Southern North Sea gas platform over the weekend.
Lhyfe and Centrica have agreed to jointly develop offshore renewable green hydrogen in the UK in what they’ve called a first for the country.
The UK government is set to make £1.2 billion ($1.4 billion) from a short position it took in power and natural gas markets after seizing control of collapsed supplier Bulb Energy last year.
The boss of ScottishPower has hit out at firms that are abandoning their green goals as his business produced a set of financial results without the massive windfalls that many of his rivals have presented.
Centrica has said it could keep its Rough gas storage field running for 40 more years through fresh investment.
Aberdeen-based Spirit Energy reports that “29 employees left the organisation” late last year through its redundancy consultation, despite profits tripling in 2022.
Centrica has followed much larger companies such as BP and Shell in reporting annual results for last year which broke previous records.
Despite bleak news for the company through 2022, Spirit Energy managed to triple profits to £245m during the year, contributing to parent firm Centrica's record takings.
Centrica (LON: CNA) is the latest energy company to join the likes of BP and Shell in posting record profits in 2022, the firm brought in £3.1 billion before tax.
British Gas is under pressure to explain how it will compensate "vulnerable" customers who faced debt collectors forcibly installing prepayment meters in their homes.
The UK’s grid operator asked three reserve coal units to be ready to supply power and consumers to curb demand on Tuesday, as it tries for a second consecutive day to plug the gap left by a dearth of wind generation.
Centrica (LON: CNA) has announced the appointment of its new chief financial officer, alongside a trading update suggesting earnings will exceed the top end of analyst estimates.
Westminster’s efforts to bolster energy security and guarantee supplies ahead of winter have been given a big shot in the arm.
Wood (LON: WG) has been picked to carry out project management work on the UK’s biggest - and recently reopened - gas storage site.
Having resumed dividend payments earlier this year, Centrica (LON:CNA) will now launch a sizable shareholder buyback programme on the back of continued robust results.
Centrica (LON:CNA) and Equinor have signed a co-operation agreement to explore the development of a hydrogen production hub at Easington in East Yorkshire.
Centrica (LON:CNA) has confirmed the reopening of the Rough gas storage facility, boosting the UK’s storage capacity by half ahead of an uncertain winter.
Centrica Business Solutions is ready to start injecting hydrogen into its existing gas-peaking plant at Brigg, Lincolnshire as part of a UK first trial with HiiROC.
Renewable energy generators have hit out at a new UK Government bill which they said would impose a “windfall tax” on the sector and “skew investment towards fossil fuels”.