A major new oil and gas company has been launched. Spirit Energy, a joint venture which combines Centrica’s exploration and production business with Bayerngas Norge, has started trading as an independent oil and gas operator. Production from the combined portfolios is expected to be around 50 million barrels of oil equivalent (mmboe) from 27 fields […]

Centrica is to combine its exploration and production (E&P) business with an Oslo-based company. It is joining forces with Bayerngas Norge for the new venture, with Centrica owning 69% and the remaining 31% by Norwegian firm’s shareholders, led by Stadtwerke München (SWM), a Munich-based company whose investments include energy and transport. The joint venture will […]