Ambitious Cairn hires former BP exec as COO
Cairn Oil & Gas, India’s largest private exploration and production company, has appointed former BP executive Martyn Smith as chief operating officer.
Cairn
Deltic chairman: ‘We need natural gas and should be producing it domestically’
The chairman of Deltic Energy has underscored the need for domestic natural gas supply in the UK in order to meet net zero.
Cairn Energy updates timeline for North Sea sales, Jaws well pushed to Q4
Cairn Energy has updated its timeline for the £330m sale of its interests in the Catcher and Kraken assets in the North Sea.
Global interest expected in Santos Dorado sale
Santos is seeking buyers for a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio offshore western Australia estimated to be worth up to $200 million. Significantly, there is expected to be global interest in the sales process, which could be particularly appealing for Asian national oil companies (NOCs).
Number of North Sea reverse takeover candidates has ‘diminished significantly’
The number of public listed North Sea operators that could be a suitable fit for a reverse takeover have “diminished significantly”, according to an industry experty.
Woodside, Cairn submit Sangomar plan to Senegal
The Sangomar development and exploitation plan has been submitted to the Senegalese government, operator Woodside Energy has said, with the final investment decision (FID) for the project expected later this month.
Two sides to North Sea exploration coin, analyst says
The UK North Sea’s maturity is a double-edged sword when it comes to exploration, an analyst has said.
Cairn ‘knows what needs to be done’ with North Sea Kraken field
Scottish oil firm Cairn Energy has said it has lived up to its production guidance for the first part of 2019 and hailed the performance of the North Sea Catcher field.
Cairn posts losses of almost £1bn amid India, Kraken troubles
Scottish oil firm Cairn Energy vowed to go after "material" exploration targets this year despite suffering losses of almost £1 billion in 2018.
EnQuest denies Kraken reserves downgrade
EnQuest today denied that the reserves estimate for its Kraken field had been downgraded.
North Sea cash flow to bolster Cairn’s big growth plans
Bosses at Cairn Energy said today that cash flow from its North Sea interests would help the firm take advantage of "significant growth opportunities".
Updated: Azinor strikes oil at Agar-Plantain
Private-equity backed Azinor Catalyst said today that it had discovered oil at the Agar-Plantain well in the North Sea.
Farm-outs ‘shore up’ Providence finances, bring Barryroe oil closer
Providence Resources’ boss said today that farm-out deals had helped the Irish explorer “shore up” its finances and bring first oil from the Barryroe discovery closer.
Union Jack acquires onshore portfolio of Cairn subsidiary
Union Jack Oil today confirmed its takeover of Nautical Petroleum's onshore portfolio.
Cairn Energy in Senegal pay
Cairn Energy's SNE North-1 exploration well offshore Senegal has encountered an oil and pay pay.
Cairn picks Xodus for Indian exploration job
Aberdeen-headquartered oil services firm Xodus Group will carry out exploration and appraisal work in India over the next two years.
Cairn Energy insists it’s financially fighting fit, zeroes in on North Sea first oil
Cairn Energy's chief executive today said the firm was well-positioned to deliver on behalf of its shareholders.
Europa agrees farm-out deal with Cairn Energy
Cairn Energy has agreed a farm-out deal with cairn energy.
Cairn Energy front runner for Dong’s North Sea oil and gas assets, claim market sources
Oil exploration firm Cairn Energy is the front runner in the race to buy up Dong Energy's North Sea assets, according to market sources.
Cairn’s Senegal campaign pays-off
Cairn Energy said its Senegal drilling campaign continues to yield positive results.
Cairn Energy pushes ahead with projects ahead of schedule and under budget
Two of the largest ongoing development projects in the UK North Sea are under budget and ahead of schedule, one of its shareholders confirmed yesterday.
‘We’ve got the cash to fund Catcher and Kraken’ , insists Cairn Energy
Cairn Energy today insisted despite a depressed Brent price, the firm was in a “robust financial position” and able to push ahead with the North Sea’s Catcher and Kraken developments.
Chevron and Cairn’s shares in double boost
Cairn Energy Plc gained the most in 16 months after the explorer reported positive results from an oil well off Senegal, potentially opening up commercial development for the area.
Cairn’s appraisal well flows strong offshore Senegal
Cairn Energy today confirmed the success of its second appraisal well offshore Senegal.
Cairn will use North Sea cash to fund its whole strategy
North Sea cash flow is enough to fund all of Cairn Energy’s strategic goals, including its exploration plans for Senegal, the Scottish oil firm said yesterday. Speaking at the Edinburgh firm’s annual general meeting, chief executive Simon Thomson said: “Cairn seeks to deliver sustainable growth in value for shareholders from a balanced exploration and production portfolio. “That balance is provided from a combination of the attractive mature basin positions that we have built in the North Sea and an extensive frontier and emerging basin exploration portfolio.