Centrica business boss says ‘entire energy system is changing’

The needs of energy customers are changing fast and suppliers will have to change too. That’s according to Mark Hanafin, the CEO of Centrica’s Business division, who spoke to ELN at our Energy Live Future Conference in Leicester last week. He said the days of turning on extra power stations to deal with spikes in […]

Centrica invests £100m in UK shale gas venture

British Gas owner Centrica said it has bought a 25% stake in the Lancashire field to explore shale gas in the UK. It acquired the interest in the Bowland area operated by Cuadrilla Resources, where initial exploration suggested there could be 200 trillion cubic feet (tcf) of gas in place. Centrica said it paid a […]

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 […]