Cairn says Kraken and Catcher still on for first oil in 2017
Scottish oil explorer Cairn Energy said today the North Sea Catcher and Kraken fields are still on track for first oil in 2017.
Cairn Energy
Cairn and Kosmos banned from Norway’s sovereign fund portfolio
Norway's sovereign wealth fund has banned Cairn Energy and Kosmos Energy from its portfolio due to their business in the disputed territory of West Sahara.
Cairn India boss quits for “personal reasons”
Cairn India boss Mayank Ashar has quit decided to step down for personal reasons, just a month after the nation’s largest private oil producer posted its biggest quarterly loss.
Cairn’s Senegal appraisal well confirms reservoir extensions
Cairn Energy today said its fourth Senegal appraisal well confirmed reservoir extensions, spanning more than 5km.
First Oil administrators begin sell off as Cairn and EnQuest step in
Administrators have begun the task of securing what they can following the demise of Aberdeen oil company First Oil.
Cairn’s North Sea Catcher and Kraken on-time and under budget
Cairn Energy today confirmed both its Catcher and Kraken projects, both in the UK North Sea, remained on track for first oil next year.
Cairn Energy makes Senegal find
Cairn Energy today confirmed it had made a commercial find offshore Senegal.
Cairn focused on one billion barrel oil prize, North Sea remains “attractive” market
Cairn Energy remains focused on the billion barrel oil prize that is within reach from its discovery in West Africa.
Cairn on track for 2017 output from Catcher and Kraken
Scottish explorer Cairn Energy says its UK North Sea Catcher and Kraken developments are on track for first oil from 2017. The Edinburgh-based company is targeted peak net production to Cairn of 22,500 barrels of oil equivalent per day.
Cairn Energy set to reap £250m savings in deal
Cairn Energy expects to shave £250million off its capital expenditure following the completion of a farm-out of Catcher to Netherlands-based Dyas. The Edinburgh-based oil and gas indy agreed to sell a 10% working interest in the North Sea field to Dyas UK, retaining a 20% working interest in Catcher.
Cairn Energy axes 90 jobs
A job cull at Cairn Energy has seen about two-fifths of staff and contractors axed, the Scottish oil explorer revealed. About 90 people have gone, although most chose to take voluntary redundancy. The cuts were made across Edinburgh-based Cairn’s international operations, and leave the company with around 190 staff and contractors.
Cairn Energy makes 40% reduction to headcount
Cairn Energy has made reductions to its staff cutting 40% of its headcount in both full-time employees and contractors. The company made the announcement in a pre-close update in which it said its 2015 focus would be on an appraisal and exploration programme in Senegal. Cairn is currently still engaged in discussion with the Indian Tan department as it struggles to gain access to the value of its 10% share of Cairn Energy.