(IN BRIEF) Centrica plc has finalized an agreement for Spirit Energy to sell a 46.25% stake in the Cygnus gas field to Ithaca Energy for £215 million. The sale includes £116 million in headline consideration and £99 million in decommissioning … Read the full press release →
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged 2P reserves, carbon capture, carbon storage, carbon storage facility, Centrica, Chris O’Shea, CO2 emissions, Cygnus gas field, decommissioning liabilities, Energy Portfolio, energy transition, gas fields, gas production, Ithaca Energy, Morecambe Net Zero, natural gas, North Morecambe gas field, partnership, South Morecambe gas field, Spirit Energy, strategic divestment, sustainability
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