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Centrica puts sale of UK North Sea natural gas fields on hold to maintain domestic production

The assets are “a key part of our portfolio,” along with the energy supplier’s stakes in Britain’s nuclear power stations, Chief Executive Officer Chris O’Shea told reporters Thursday. It’s a turnaround from 2019, when Centrica said it would exit oil and gas production for good which it did in Norway, but not in Britain. ....

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Centrica Halts Sale of 'Key' UK Gas Assets After Energy Crisis

Centrica Halts Sale of 'Key' UK Gas Assets After Energy Crisis
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Global gas turbine services market size to record 9.8% CAGR through 2027

Global gas turbine services market size to record 9.8% CAGR through 2027
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John Wood Enters Agreement With Centrica Arm For Morecambe Bay Assets

John Wood Enters Agreement With Centrica Arm For Morecambe Bay Assets
Tue, 19th Jan 2021 09:10
(Alliance News) - John Wood Group PLC on Tuesday said it has entered into a five-year agreement with Spirit Energy Ltd, a subsidiary of British Gas-owner Centrica PLC, to deliver late-life solutions for the Morecambe Bay gas fields in the UK.
The Reading, England-based oilfield services provider said the agreement with Centrica, based in nearby Windsor, is valued at USD130 million. It will involve John Wood using its experience in late-life asset optimisation and management to extend field life, lower costs, and reduce late life carbon intensity across both the Morecambe Bay offshore assets in the East Irish Sea and the Barrow onshore gas terminal on the north-west coast of England. ....

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