Cairn Energy strikes deals to exit North Sea and acquire producing assets in Egypt
Alongside a new Egyptian partner, Cairn is acquiring substantial gas-weighted production which is said to have significant potential for growth
Company
Capricorn Energy PLC
LON:CNE
Capricorn Energy PLC is one of Europe’s leading independent upstream energy companies, headquartered in Edinburgh, UK. Historically it has discovered, developed and produced oil and gas in multiple settings throughout the world.
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Cairn Energy says its well positioned at start of 2021, flags lower North Sea production
“The company is well-positioned to be opportunistic in the current market as it seeks to diversify and grow its production base”
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Alba Mineral Resources jumps higher after finding gold in Wales
A look at some of Wednesday's major movers on the London Stock Exchange
Cairn Energy awarded US$1.2bn by tribunal in Indian tax dispute
Cairn filed the complaint in 2015 following a capital gains demand of US$1.4bn
Cairn Energy plans to pay US$250mln special dividend in January
A 32p per share dividend will be paid to shareholders on Cairn's register on January 8 2021.
Cairn Energy promotes non-executive director to chairman
Nicoletta Giadrossi will replace Ian Tyler as of January 1, 2021
Cairn Energy will now sell Sangomar assets to Woodside Petroleum
The new deal, via 'pre-emption', replaces a US$400mln transaction agreed with LUKOIL back in July.
Cairn Energy exits Senegal oil field project via US$400mln LUKOIL deal
It plans to return US$250mln to shareholders with a special dividend payment.
Cairn Energy says India settlement avoids significant coronavirus delay
There have been some minor delays but the Arbitral Tribunal is expected to deliver its ruling "after the end of the summer"
Cairn Energy’s Mexican exploration well is a ‘duster’
The Ehecatl-1 was drilled down to 4,451 metres but found no hydrocarbons in its target.
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Today's Oil & Gas Update - Cairn Energy, Parkmead Group, Bowleven and more...
Cairn Energy (LON:CNE): Production and development expenditure reduced; exploration deferred Parkmead Group (LON:PMG): LNG oversupply hits cash flows Bowleven (LON:BLVN): Interim results, sufficiently funded to reach FID at Etinde
Cairn Energy axes 23% of capex from 2020 plans; shelves most exploration and more cutbacks are eyed
Cairn is cutting its cloth in the aftermath of crude’s collapse which was triggered by the coronavirus (Covid-19) pandemic and the breakdown of the OPEC+ cabal.
Cairn Energy emphasises “strong” cash flow and discipline as it releases result in wake of oil price slump
Cairn generated US$390mln of cash in 2019, spent US$242mln of capex and ended the year with debt facilities undrawn.
Cairn Energy confirms production at top end of guidance
Net oil production for 2019 averaged 23,000 barrels per day (bopd) versus guidance of 21,000 to 23,000 bopd.
Cairn Energy and partners make final investment decision to greenlight Senegal oil field development
“Senegal is now an attractive oil and gas province, drawing the attention of the global industry,” said Simon Thomson.
Cairn Energy named ‘top pick’ as JP Morgan says it is bullish on oil E&Ps
"Cash harvesting" has shielded companies like Cairn and EnQuest from downside price risks.
Cairn Energy to sell Norway assets for US$100mln
"This is a further attractive transaction for Cairn shareholders in line with our consistent strategy to realise value and redeploy capital within our portfolio,” said Simon Thomson.
Cairn Energy drills duster off the coast of Mexico
The horizon the well was targeting was hydrocarbon-free
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Today's Oil & Gas Update - Cairn Energy, Premier Oil and Pantheon Resources.
Oil & Gas Daily FlowNon-Independent Research; Marketing & Sales Commentary - MiFID II exempt information – see disclaimer belowMarket Update: Thursday 17 October 2019Cairn Energy (LON:CNE): Chimera well turns up dry, UK North SeaPremier Oil
Cairn Energy’s Chimera wildcat well fails to find hydrocarbons
The unsuccessful exploration well was positioned 40kms away from the Kraken field.