Europa celebrates busy year, expects ‘more of the same’ in 2017/18
Europa Oil and Gas narrowed its losses during a 2016/17 financial year marked by “record levels” of corporate activity at the AIM-listed company.
Cairn Energy
Cairn Energy profits rise as company reaps Kraken rewards
Scottish oil firm Cairn Energy said production start-up from the North Sea Kraken field had steered the firm to a strong first half.
Cairn Energy’s Senegal well strikes oil pay
Cairn Energy this morning confirmed its latest Senegal well has made an oil find.
Cairn swoops for stakes in two Gulf of Mexico licences
Scottish oil company Cairn Energy has secured interests in two licences in the Gulf of Mexico.
Cairn Energy confident of securing Indian dividend payments
Cairn Energy said today that it is confident of forcing through dividend payments totalling $104million it claims to be owed by Vedanta Limited.
Partner dispute threatens to delay first oil from Cairn’s Senegal project
A row between two Australian energy firms could delay production start-up from a major oil development involving Cairn Energy off Senegal.
Cairn shares surge on Senegal well “connectivity”
Cairn Energy shares rose after revealing an appraisal well offshore Senegal confirmed “good connectivity” to another site drilled by the firm. The Edinburgh-based exploration and production firm said the results meant it was now on track to submit a development plan for the field to the Senegal government next year.
Cairn Energy’s Senegal push pays off
Cairn Energy today confirmed it has completed its ninth successful well in Senegal in three years.
Ireland sanctions Europa farm-out to Cairn Energy
The Irish Government has sanctioned Europa Oil and Gas’s farm out of a 70% stake in an offshore licence to Edinburgh-based Cairn Energy.
Cairn Energy uncovers another piece in Senegal puzzle
Cairn Energy has successfully drilled the sixth appraisal well offshore Senegal.
Cairn Energy’s Senegal well falls in line
Cairn Energy's Senegal appraisal well has lived up to expectations, according to the firm.
Cairn Energy names new director of exploration
Cairn Energy today named Eric Hathon has its director of exploration.
Cairn Energy says it has the cash to see North Sea projects through to first production
Cairn Energy today said it was fully funded and targeting first production from two flagship North Sea assets.
Cairn Energy confirms director appointment
Cairn Energy today confirmed Nicoletta Giadrossi would be joining its board as a non-executive director.
Former fund manager pleads guilty to insider trading over Cairn Energy, EnCore Oil shares
A former fund manager has pleaded guilty to two counts of insider trading at a London court.
Analysis: Climate change risk reporting rules leave energy firms open to greater scrutiny
Carbon intensive companies should expect to face greater scrutiny over governance and climate change risks as a result of recent changes to corporate reporting. In the latest step in a campaign by environmental law charity ClientEarth, energy companies Cairn Energy Plc (Cairn) and SOCO International Plc (SOCO) have been referred to the Financial Reporting Council (FRC) for alleged breaches of reporting obligations under Section 414C of the Companies Act 2006. The claim made is that both companies failed to make adequate disclosures in their Strategic Reports 2015 about the risks posed to their businesses by climate change.
Green lawyers report Cairn Energy to UK financial watchdog
An environmental law firm has reported Cairn Energy to the UK financial regulator, accusing the Edinburgh-based firm of “defective” reporting.
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 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.