SCOTTISH Gas owner Centrica has underlined its desire to exit the oil and gas business even after increasing the valuation of its North Sea operation but has had second thoughts about plans to sell its nuclear division. The utility said yesterday that it is investigating new ways of selling its Spirit Energy oil and gas operation after struggling to find a buyer amid the fallout from the coronavirus crisis.
Herald 23rd July 2021 read more »
Centrica has revealed it is “reconsidering” its plan to sell its 20 per cent stake in the UK’s nuclear fleet. The company made the announcement in its half year financial results. In 2018 the company said it had intended to divest of its interest in the UK’s operational nuclear fleet however it is now examining whether nuclear can play a role for the company in the future.
Utility Week 22nd July 2021 read more »