ANALYST VIEWS: HOW DO YOU RATE CENTRICA? February 23, 2012 KEITH BOWMAN HARGREAVES LANSDOWN The results continue to underline management’s strategy to create a more balanced business. The expanding upstream business has effectively compensated for more difficult conditions for its downstream supply operations. In all, the progressive dividend policy remains attractive. Its diversified energy play continues to grow. We say Buy. GRAHAM SPOONER THE SHARE [...]
Centrica buys up Total’s UK fields February 22, 2012 ENERGY group Centrica has agreed to buy $388m (£246m) worth of UK North Sea oil and gas assets from French firm Total. Centrica, parent company of British Gas, said its purchase of the seven sites would raise its reserves by around five per cent, or 22m barrels of oil, and is expected to produce 9,300 [...]
Centrica buys up Total’s UK fields February 22, 2012 ENERGY group Centrica has agreed to buy $388m (£246m) worth of UK North Sea oil and gas assets from French firm Total. Centrica, parent company of British Gas, said its purchase of the seven sites would raise its reserves by around five per cent, or 22m barrels of oil, and is expected to produce 9,300 [...]
Centrica set to report a profit amid calls for cuts February 20, 2012 BRITISH GAS parent company Centrica is expected to report an increase in its full-year profits this Thursday, as the UK energy sector comes under fresh scrutiny over pricing. The utility provider is forecast to announce a 38 per cent increase in its UK upstream services to just over £1bn, contributing to a growth in operating [...]
Advisers Rob Ritchie September 12, 2012 GOLDMAN SACHS FOR its $2bn bond issue, AstraZeneca appointed four leading Wall Street firms to underwrite the deal and help bring the bonds to the market: Goldman Sachs, Morgan Stanley, HSBC Securities and JP Morgan Securities. Leading for Goldman Sachs on the offering was its head of European debt capital markets Rob Ritchie. Ritchie has [...]
Advisers Rob Ritchie September 12, 2012 GOLDMAN SACHS FOR its $2bn bond issue, AstraZeneca appointed four leading Wall Street firms to underwrite the deal and help bring the bonds to the market: Goldman Sachs, Morgan Stanley, HSBC Securities and JP Morgan Securities. Leading for Goldman Sachs on the offering was its head of European debt capital markets Rob Ritchie. Ritchie has [...]
BP turns to Australia for cash with £327m Kangaroo issue August 29, 2012 BRITISH oil behemoth BP yesterday announced plans to sell Australian dollar bonds in a rare kangaroo issue. Kangaroo bonds are Australian dollar bonds sold by international issuers. The bond marks the first time that BP has tapped the Australian market for funding. The five-year issue was priced at A$500m (£327m) yesterday, with a coupon of [...]
Centrica raises stake in North Sea Oil field January 30, 2012 Centrica said it will increase its stake in the Statfjord field in the North Sea, providing the owner of household energy supplier British Gas with a further source of gas supply. The company said it had agreed to pay ConocoPhilips $223m (£142.3m) for its interests in the field, which straddles the UK and Norwegian North [...]
Gulf Keystone secures £170m funding for Iraq oil exploration October 4, 2012 LONDON-listed Gulf Keystone Petroleum is to raise $275m (£170.5m) worth of funding through convertible bonds to expand its operations in the Kurdistan region of Iraq. The bonds, which mature in 2017, will pay 6.25 per cent a year, and the proceeds will primarily be used to fund the development of the oil and gas exploration [...]
Centrica ups its North Sea oil field stake January 30, 2012 CENTRICA yesterday moved to ramp up its North Sea gas reserves with a $223m (£140m) deal with ConcocoPhillips. The British Gas owner is buying a 15.17 per cent stake in the Statfjord field, taking its share to 34.3 per cent. Its investment includes $103m in historic tax allowances. The Statfjord field is in the North [...]