Cairn Energy Plc
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About
Cairn is one of Europe's leading independent oil and gas exploration and development companies and has been listed on the London Stock Exchange for 30 years. Cairn has explored, discovered, developed and produced oil and gas in a variety of locations throughout the world as an operator and partner in all stages of the oil and gas lifecycle.
Cairn’s exploration activities have a geographical focus in the North Sea, West Africa and Latin America, underpinned by interests in production and development assets. Cairn has its headquarters in Edinburgh, Scotland supported by operational offices in London, Senegal and Mexico.
Editor's note: Updated July 27, 2020.
Transactions
Tullow Oil to Buy Capricorn Energy in $827 Million All-share Deal
Tullow Oil to Buy Capricorn Energy in $827 Million All-share Deal
Shell to Sell Egypt Onshore Assets for up to $926 Million
Shell to Sell Egypt Onshore Assets for up to $926 Million
Flurry of Deals Shifts Cairn Energy to Onshore Egypt from North Sea
Flurry of Deals Shifts Cairn Energy to Onshore Egypt from North Sea
Cairn Energy to Pay Special Dividend after $400 Million Asset Sale
Cairn Energy to Pay Special Dividend after $400 Million Asset Sale
Cairn Energy Expands North Sea Assets Following Agora Purchase
Cairn Energy Expands North Sea Assets Following Agora Purchase
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News
Flurry of Deals Shifts Cairn Energy to Onshore Egypt from North Sea
Cairn Energy is shifting its focus to a growth portfolio onshore Egypt from declining offshore fields in the British North Sea in a flurry of deals on March 9 worth around $1.5 billion.
Shell to Sell Egypt Onshore Assets for up to $926 Million
Shell set a base price of $646 million for the sale of upstream assets in Egypt’s Western Desert, with additional payments of up to $280 million between 2021 and 2024, subject to the oil price and exploration results.
India Government May Give Cairn Energy Oil Field In Lieu Of Arbitration Award
In December, Cairn was awarded $1.2 billion plus interests and costs in an international arbitration case against the Indian government over a tax dispute.
Woodside Matches Lukoil’s $400 Million Offer for Senegal Oil Project
Following the acquisition, Woodside Petroleum will have to foot a bigger share of the $4.2 billion development cost for the Sangomar oil project in Senegal.
Cairn Energy to Pay Special Dividend after $400 Million Asset Sale
Oil and gas producer Cairn Energy said it will sell its Senegal interests to Russia's LUKOIL and added that the sale and special dividend was consistent with its "disciplined approach."
The Last Frontier: Oil Industry Scales Back Exploration
Once the most adventurous aspect of the business, exploring for new oil and gas fields is now one of the most controversial.
Cairn Energy Reduces Senegal, UK Spending Plans
Oil and gas producer Cairn Energy on March 27 reduced investment plans by about a fifth, following the fall of oil prices to less than $30 per barrel.
Woodside, Partners Review Timing of $4.2 Billion Senegal Oil Project
The project is Senegal’s first oil development and key to Woodside’s growth plans over the next seven years.
Woodside, Partners Get Final Go-ahead For Oil Project Offshore Senegal
The project is estimated to target 231 million barrels of oil resources in its initial phase of development.
Norway’s Solveig Buys Oilfield Operator Capricorn From Cairn For $100 Million
Norwegian pipeline firm Solveig Gas has agreed to buy oil firm Capricorn Norge from Cairn Energy for $100 million, completing its transformation into a North Sea field operator, Solveig's owner HitecVision said on Nov. 27.
Shares Of London-Listed Oil Firms Fall After Labour Touts Tax
‘Windfall’ tax will be introduced to shift cost of climate change to oil companies.
On The Move: New Hires, Appointments, Promotions
The latest new hires, appointments and promotions as well as new company office and facility locations and major mergers and acquisitions.
EnQuest Shares Slump After Partner Downgrades Kraken Oil Field Reserves
British oil firm EnQuest's shares slumped to a three-year low after Cairn Energy, its partner in its flagship Kraken project, cut its estimate of the oil field's reserves by around a fifth.