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Spirit Energy, an exploration and production (E&P) company, is the result of a combination of Centrica's E&P business and Bayerngas Norge AS, which was formerly majority-owned by SWM. Centrica plc owns 69% of Spirit Energy, with Bayerngas Norge's former shareholders, led by SWM and Bayerngas GmbH, owning 31%. [72]
Direct Energy was founded in Toronto in 1986, as a competitive energy retailer. In 2000, the company was acquired by Centrica, the UK-based parent of British energy retailer British Gas. In 2010, Direct Energy acquired Clockwork Home Services making Direct Energy the largest energy and home services retailer in North America.
It is the trading name of British Gas Services Limited and British Gas New Heating Limited, both subsidiaries of Centrica. [5] Serving around ten million homes in the United Kingdom, British Gas was the largest energy supplier in the country until 2024 when it was overtaken by Octopus Energy. [6] It remains the largest gas supplier.
Centrica Plc on Friday said it was selling its North American subsidiary Direct Energy for $3.63 billion to U.S. integrated power firm NRG Energy, clearing the way for the new head of the British ...
LONDON -- Centrica , owner of British Gas, this morning released its final results for the year ending Dec. 31, and revealed rising profits all round as the colder-than-usual winter spell hit the ...
British Energy was the UK's largest electricity generation company by volume, ... Centrica purchased a 20% share of British Energy from EDF in August 2009. [19]
LONDON -- The shares of Centrica climbed 4 pence to 384 pence during early London trade this morning after the FTSE 100 member announced the purchase of a package of natural gas fields in Canada.
From 2019 to 2022, O'Shea forewent annual bonuses of several million pounds citing the hardships faced by consumers during COVID-19 pandemic and then the global energy crisis. In 2023, Centrica posted year-end profits of over £3 billion and O'Shea faced calls to forego his bonus again eventually settling for a package of over £4 million. [8] [9]