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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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Video: Path to Carbon-Free Power Generation by 2035
23 Dec, 2020 Author Yannic Rack
On Dec. 15, the supervisory board of E.ON SE said it would replace its CEO, Johannes Teyssen, once his term expires at the end of March 2021. Teyssen has steered the German utility through a tumultuous decade, including Germany s nuclear exit and a €40 billion deal that reshaped the company into one of Europe s largest grid operators and energy suppliers.
His imminent departure will also make him the latest in a long line of chief executives headed for the door at European power and gas companies. This year, 12 of 25 of the largest public and private energy utilities have switched leaders or announced that their CEOs will leave before the end of 2021.