Centrica picks builder for £84m Barrow gas project

Centrica has picked engineering firm Costain as the main contractor for its £84 million project at the Barrow gas terminals in Cumbria. Its generation business Centrica Energy is building a 1.1km underground pipe between the north and south terminals because of EU laws banning the sale of a refrigerant called freon from the end of […]

Centrica splashes £142m on North Sea field

British Gas parent company Centrica is buying ConocoPhillips’ stake in a North Sea oil and gas field for £132million ($233m). The buyout takes Centrica’s stake in the Statfjord field to roughly a third (34%).Mark Hanafin, managing director of Centrica Energy said: “The acquisition, which follows our announcement last year of a new 10 year gas […]