Russia-driven crisis exposes UK’s energy madhouse
With gas prices now more than five times the cost of a barrel of North Sea benchmark Brent Blend, the outlook for energy across Europe including the UK, is shocking.
Centrica
Brian Wilson: Energy crisis met with policy vacuum
It’s a couple of months since I suggested the energy crisis would be as big as Covid and thereby demand the same scale of response. It wasn’t a very fashionable thought but perceptions have moved rapidly – everywhere, except where it matters most, in government.
NSTA gives Centrica green light to reopen Rough gas storage site
Centrica (LON: CNA) has been given the go-ahead by the industry regulator to reopen the Rough gas storage site off the coast of England.
‘Many questions’ over plans to reopen UK’s Rough gas storage facility
Centrica’s application to reopen the Rough gas storage facility was welcomed by energy observers, but some have raised questions over the site’s safety and effectiveness.
Energy Price Cap: Expert warns of rationing risk as bills to surge beyond £3,500
As the energy price cap surges, a leading petroeconomist has painted a gloomy picture as the UK faces up to the prospect of winter without adequate energy supplies.
Centrica to donate 10% of British Gas profits to help at-risk customers
Energy group Centrica said it will donate 10% of the profits made by its British Gas retail arm to vulnerable customers, though only a fraction of bill payers are likely to benefit.
Liz Truss questioned over closure of Rough gas storage facility
Conservative party leadership candidate, Liz Truss, is facing questions on her involvement in the closure of the Rough gas storage facility off the coast of East Yorkshire.
Spirit Energy launches consultation on Aberdeen job cuts
North Sea operator Spirit Energy has launched a consultation on redundancies in Aberdeen.
First Minister plans “urgent summit” with energy cos and consumers
Nicola Sturgeon is to convene a summit between energy supply companies and consumer groups later in August to discuss what support can be offered to those struggling to pay soaring bills.
Centrica aiming to reopen Rough gas storage at start of September
Centrica is aiming to start filling up the Rough gas storage facility in "little more than a fortnight".
Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
British Gas owner Centrica resumes dividend as profit jumps with energy prices
Centrica resumed dividend payments for the first time since the start of the pandemic as profits from selling oil and natural gas rose six-fold.
Centrica wins first approval to reopen UK’s biggest gas storage site
The UK’s biggest natural gas storage site has taken a step closer to reopening after the authority that governs the North Sea gave an initial go-ahead.
Utility shares rise as UK spares firms from windfall tax
Shares in UK utilities climbed after the government said it wouldn’t extend a windfall tax to power generators.
UK to set out plans next week on electricity generator windfall tax
The UK plans to announce in the coming days whether it will extend a windfall tax to electricity generators -- a difficult task as the government tries to help consumers struggling with inflation while also supporting renewable energy.
Equinor signs winter gas supply deal with Centrica for 4.5 million UK homes
Equinor and Centrica have signed an agreement which will see the Norwegian company deliver an additional 1 billion cubic metres (bcm) of gas supplies to the UK in time for this winter.
Rough: Centrica applies to reopen UK’s largest gas storage facility
Centrica has submitted an application to reopen Rough, Britain’s largest gas storage facility, as the country seeks solutions to a harsh winter ahead.
Centrica ‘will not challenge windfall tax’
British Gas owner Centrica will not launch a legal bid to challenge the Government's new windfall tax, its chairman said on Tuesday.
Centrica completes sale of Spirit’s Norwegian assets
Centrica has concluded the sale of the majority of Spirit Energy’s Norwegian assets to Sval Energi, and its interests in the Statfjord field to Equinor, as it focuses on UK gas production and energy transition projects.
Rough: Britain’s largest gas storage site to reopen ‘within months’
Rough, the UK’s largest gas storage site which controversially closed in 2017, is to “reopen within months” according to a report.
Millions face fuel poverty, energy bosses warn
As many as four in 10 people in Britain could fall into fuel poverty in October, energy bosses warned, as they called for more support from the Treasury for vulnerable households.
Firm seeks to sell North Sea discoveries ‘left behind’ by ConocoPhillips
An outfit of North Sea experts is seeking to sell off discoveries which it says ConocoPhillips should “never have relinquished”.
Centrica acquires Aberdeen battery storage project
Utilities firm Centrica has acquired an Aberdeen battery storage project that could “unlock wind energy potential” in the North Sea.
Centrica to exit Russian gas supply deals
Energy group Centrica has said it will exit its gas supply deals with Russian firms, including state-owned major Gazprom.
Centrica profits double on commodity prices and Direct Energy sale
Spirit Energy owner Centrica has announced bumper 2021 profits on the back of soaring energy prices, and the offloading of several upstream assets.