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Last updated on April 19, 2014 at 1:20 EDT

Latest Sam Laidlaw Stories

2014-02-20 04:20:34

LONDON, February 20, 2014 /PRNewswire/ -- To coincide with the release of Centrica plc's 2013 preliminary results the company's management have undertaken a series of short video interviews. Rick Haythornthwaite, the newly appointed Chairman, outlines the essential role that Centrica has in securing a stable energy supply. Calling for renewed dialogue with all stakeholders he says: "I think the reputation of Britain as a place in which to invest is under threat...

2009-06-03 14:05:00

WINDSOR, England, June 3 /PRNewswire/ -- Centrica plc, the parent company of British Gas, today announced it has reached an agreement with Canadian Superior Energy Inc. (TSX: SNG) under which Centrica could acquire a 45 per cent interest in gas development Block 5(c), located off the south east coast of Trinidad, for US$142.5 million (pounds Sterling 87 million) in cash. The agreement is subject to pre-emption rights from the existing field partners and subject to approvals from the Trinidad...

2008-11-04 12:00:21

UK-based energy group Centrica, through its British Gas Business division, has reached an agreement to acquire the customer base of BizzEnergy for a cash consideration of GBP3.5 million after the privately-owned energy supplier was taken into administrative receivership. All of BizzEnergy's 40,000 electricity customers across small and medium enterprise and corporate markets, who will be transferred to British Gas Business under the deal, will maintain their existing contract terms and...

2008-09-22 09:00:49

Centrica, the parent company of British Gas, has acquired Caythorpe Gas Storage from Warwick Energy for GBP70 million in cash. Caythorpe Gas Storage Limited owns the onshore Caythorpe gas producing field near Bridlington in east Yorkshire, which is a substantially depleted onshore gas field located close to the National Transmission System. Caythorpe has planning permission for conversion to an onshore gas storage facility with a capacity of up to 7.5 billion cubic feet of gas. The...

2008-07-31 12:00:00

BRITISH Gas parent company Centrica today posted half-year profits of Pounds 992m, a day after hitting millions of customers in Britain with a record hike in gas bills. The operating profits are 19% below last year after the group felt the impact of rising wholesale costs at British Gas, where profits fell 69% to Pounds 166 million. The UK's biggest domestic energy supplier, which has 15.9 million customers, has upped gas bills by a mammoth 35%, with electricity prices up 9%. The group...

2008-07-23 12:01:11

British energy group Centrica has announced that it will increase its shareholding in Belgian power generation and supply company SPE to a 51% controlling stake. Centrica has exercised its pre-emption right over the 25.5% interest in SPE currently held by GDF International through an acquisition of Gaz de France's (GDF) 50% stake in the 50-50 joint venture, Segebel. This will be added to Centrica's existing 25.5% interest. GDF was obliged to dispose of its stake in SPE as part of the...

2008-07-09 09:00:54

UK-based energy group Centrica, the parent company of British Gas, has reached an agreement to acquire interests in a package of non-operated gas and oil assets in Norway for GBP190 million in cash, including its first gas production in the Norwegian sector of the North Sea. The agreement with Marathon Oil, will see Centrica acquire interests in the Heimdal area of the Norwegian North Sea, which includes producing fields, discoveries and exploration prospects. Additional capital investment...

2008-07-04 09:00:33

Centrica, the parent company of British Gas, has secured interests in three exploration licenses to drill for gas within the coal beds of South Wales. As part of the UK government's 13th Onshore Licensing round, Centrica has secured interests in three licenses close to Rhondda, Caerphilly and Pontypridd in South Wales. The company will hold 100% interest in two licenses, with a shared interest in a third. Centrica will commence pre-development studies later in 2008, with a planning...

2008-06-26 00:00:00

By Michael Ribbeck Householders were warned to brace themselves for yet more misery yesterday with the bosses of the big energy firms claiming that the cost of household bills is likely to soar over the coming months. Business Editor The unwelcome news has come against a background of spiralling prices on the forecourt, rising supermarket bills and a hike in the rate of inflation. The heads of the six main energy companies told the House of Commons Business and Enterprise Select...

2008-06-25 18:00:00

By Russell Lynch THE bosses of the UK's biggest energy firms warned householders yesterday to brace themselves for higher bills. Prices are likely to rise due to soaring wholesale gas costs, directors said in evidence to the Commons Business and Enterprise Select Committee. The politicians' inquiry into energy prices comes amid fears that bills could rise by up to 40% this year. Sam Laidlaw, chief executive of British Gas parent company Centrica, said he had not made a decision yet on...