Centrica plc will reduce its workforce by 3000 jobs this year, with the first 800 jobs to be cut in the first three months, in efforts to cut costs by more than US$1 billion (£750 million) per year. The job cuts are most likely to hit British Gas…
Norwegian independent Det Norske has agreed to buy Centrica Resources Norge's operated stakes in the Frigg Gamma Delta and Rind discoveries in the Norwegian sector of the North Sea. Subject to the deal being agreed by regulatory authorities…
UK-based Centrica plans to reduce its workforce by 3000 by year-end, and a total of 6000 by 2020 in a move that will save the company more than US$1.1 billion (£750 million). Image of Iain Conn…
A total of 26 oil and gas companies applied for rights to explore acreage in the Norwegian and Barents Seas in Norway’s 23rd licensing round this week. This year’s licensing round comprises of 57 announced blocks or parts of blocks, of…
Centrica signed a string of partnership agreements with three suppliers - Subsea 7, Aibel and DNV GL. The firm says it is looking to create a strategic partner alliance (SPA) model covering all phases of project execution, with duration…
Centrica Energy has started drilling a new well from the York gas field in the southern North Sea, offshore England, after nearly £80million of investment. The new well, the fourth at York, will tap an additional 20 Bcf of gas and extend the life of the field out to 2020…
Operator Centrica Energy Norway and partners have decided that the Butch discovery in the Norwegian sector of the North Sea will be developed as a subsea tie-in to the Ula field. With the selected subsea tie-in concept the Butch well…
Centrica Resources has received consent from the Petroleum Safety Authority to drill a shallow borehole (pilot hole) down to a depth of 423m below the seabed in the North Sea near the Ula field. The purpose of drilling is to establish that there is no shallow gas in an area…
Norway's Ministry of Petroleum and Energy approved plans for Wintershall’s US$1.8 billion (NOK 15.3 billion) Maria development, offshore Norway. Maria development plan. Image from Wintershall. The Maria field…
Trinidad and Tobago-focused Trinity terminated its US$23 million agreement with Centrica to acquire the British company’s 80% interest in two offshore blocks. According to Trinity, it has been unable to extend the term of its agreement…
Wintershall's Zeppelin exploration well offshore Norway has been classified as dry. The well, 10/4-1, in production license 734, was drilled about 35km southeast of the Yme field in the North Sea using the Borgland Dolphin semisubmersible drilling rig in 98m water depth…
Lundin Norway commenced the drilling of its second Alta appraisal well in the Barents Sea South, and the drilling of an appraisal well on the Edvard Grieg field in the Norwegian North Sea. Drilling has also commenced on the partner-operated…
Swedish headquartered Lundin Petroleum has started spinning two drill bits on the Norwegian Continental Shelf - on Alta, in the Barents Sea, and one on the Edvard Grieg discovery, in the Norwegian North Sea. Both are appraisal wells.…
The Norwegian Petroleum Directorate granted Wintershall Norge a drilling permit for exploration well 10/4-1 in the North Sea. Well 10/4-1. From NPD. 10/4-1 is located in production license 734…
The Norwegian Petroleum Directorate (NPD) has granted Statoil Petroleum a drilling permit for well 6706/11-2 on the Gymir prospect. Well 6706/11-2 will be drilled from the Transocean Spitsbergen semisubmersible drilling rig after completing…
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