Scottish operator Cairn Energy has announced that its wildcat well Chimera has come up dry.
The North Sea remains an “active market” and a basin to “keep an eye on” for future acquisitions, said the boss of Cairn Energy yesterday after his firm shot to profit.
Cairn Energy will be “pleased” with its improved performance after posting a loss of over £800 million as recently as March, according to wealth management firm Brewin Dolphin.
Scottish operator Cairn Energy has come out of the red and into the black after a surge in profit for the first half of 2019.
Westwood Global Energy reports that there were three active exploration wells and one active appraisal well at 22 August.
Scottish oil and gas firm Cairn Energy has announced that it has sold off a stake in its Nova development off the coast of Norway.
Scottish firm Cairn Energy is set to start drilling work on a North Sea prospect next month.
Scottish operator Cairn Energy has been met with disappointment in Norway as an exploration well has come up dry.
Helicopter operator CHC has announced a new contract win with Capricorn Norge, a subsidiary of Scottish oil exploration firm Cairn Energy.
A former vice president of Marathon Oil has joined the board of Scottish firm Cairn Energy.
Scottish oil and gas explorer Cairn Energy has appointed a former executive of National Grid and aerospace firm BAE Systems to its board.
Scottish oil firm Cairn Energy has booked Stena Drilling for a UK North Sea exploration well later this year.
Cairn Energy’s chief executive has said costs around the Kraken project will not deter the firm from further investment in the North Sea.
Shares in Cairn Energy slid today after the Scottish oil firm said the outcome of its arbitration claim against India would not to be delivered “before late 2019”.
Japanese firm Modec has been awarded a contract to design and build an FPSO for one of the world’s largest deep-water oil discoveries.
Bosses at Cairn Energy said today that cash flow from its North Sea interests would help the firm take advantage of "significant growth opportunities".
Scottish oil firm Cairn Energy said today that its first operated exploration well in the UK North Sea had come up dry.
Oil exploration firm Cairn Energy has blamed heavy half-year losses on tax row with Indian authorities.
Oil and gas exploration firm Cairn Energy has reported nearly £400 million in half-year losses.
Scottish oil firm Cairn Energy announced today that its North Sea Ekland well is due to spud next week as it looks to put the Ensco 101 rig in position.
Scottish oil firm Cairn Energy said today that the final hearings will start next month in its arbitration with India under a bilateral investment treaty.
Scottish oil firm Cairn Energy said today that it had struck a deal with Azinor Catalyst to farm into North Sea assets.
Helicopter operator NHV has won a contract with a Cairn Energy subsidiary to transport workers to the North Sea Ekland Field.
Scottish oil firm Cairn Energy said yesterday that it would get to work on its first operated exploration well in UK waters later this year.
Scottish oil firm Cairn Energy said today that it would get to work on its first operated exploration well in UK waters later this year.