1009 GMT - Centrica's Spirit Energy selling a collection of producing natural gas fields to Serica Energy continues the trend of larger operators divesting assets to smaller operators, AJ Bell's Russ Mould writes. Across the North Sea, smaller and more agile companies have been buying fields, he adds. "The disposal will free up Spirit's time and resources for the development of the Morecambe Net Zero carbon storage project" he writes. In exchange, Serica gets additional reserves and an immediate injection of cash flow, he adds. "On this basis you can see why the deal suits both parties," Mould says. Centrica shares fall 1.1% to 165.95 pence, while Serica's rises 2.4% to 166 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
December 16, 2025 05:10 ET (10:10 GMT)
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