Scottish oil and gas explorer Cairn Energy said today it was to sell a further 3.5% stake in its former majority-owned subsidiary Cairn India for about £231million.
SHAREHOLDERS in Scottish oil exploration and production firm Cairn Energy will share more than £2billion after the long delayed sale of a controlling interest in the firm's Indian subsidiary was finally completed.
AMEC'S Australian-based joint venture, Clough AMEC, has been awarded a contract by Chevron to provide engineering services for its oil production facilities at Barrow Island and Thevenard Island offshore Western Australia.
