Cairn Energy Company News

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Eni's Latest Mexico Well Disappoints
Operations have been completed on the Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico.
8:00 PM EST | May 05, 2020
Cairn Defers Capital Plans for Exploration, Appraisal Activity
Reductions and deferrals have already been identified, representing a 23% decrease in capital expenditures.
8:00 PM EST | March 29, 2020
India Plans Larger Oil Auctions as Modi Pursues Import Cuts
"We want to create a lot of E&P companies in India," said the head of the country's oil regulator.
8:00 PM EST | September 13, 2017
Cairn Energy: SNE-5 Appraisal Well Hits Oil, Gas
Cairn Energy plc announces that multiple samples of oil and gas have been recovered at the SNE-5 appraisal well offshore Senegal.
7:00 PM EST | March 06, 2017
AkerBP, Cairn Energy Make Jefferies Top Pick List
AkerBP ASA and Cairn Energy plc have made investment bank Jefferies' 'top pick' list, while Genel Energy plc and Tullow Oil plc have been given an 'underperform' rating by the firm.
7:00 PM EST | January 08, 2017
ConocoPhillips Confirms FAR Holds Pre-Emption Right for Senegal Project
ConocoPhillips confirms that Australia's FAR holds a right of pre-emption over the former's sale of its stake in Senegal to Woodside for up to $430 million.
8:00 PM EST | August 22, 2016
Cairn Energy Increases SNE 2C Resource Estimate
Cairn Energy increases its 2C resource estimate at the SNE asset offshore Senegal to 473 million barrels from an earlier prediction of 385 million barrels.
8:00 PM EST | August 15, 2016
Cairn Energy Hits Oil at SNE-4 Appraisal Well
Cairn Energy plc encounters a gross oil column of 328 feet at the SNE-4 appraisal well offshore Senegal.
8:00 PM EST | May 18, 2016
Cairn Spuds SNE-4 Well Offshore Senegal
The SNE-4 well, offshore Senegal, has been spud by Cairn Energy plc, according to the company's joint venture partner, FAR Limited.
8:00 PM EST | April 17, 2016
Cairn Energy Sees Further Success in Senegal, Plans Additional Well
Cairn Energy plc will commence operations for a fourth well in Senegal, SNE-4, "shortly", after the third BEL-1 well encounters "positive" results.
8:00 PM EST | April 10, 2016
Osborne Supports Oil, Gas Industry with Tax Cuts
UK Chancellor of the Exchequer George Osborne announces tax cuts for the country's oil and gas industry in his Budget speech.
8:00 PM EST | March 15, 2016
Cairn Spuds BEL-1 well in Senegal
Cairn Energy spuds the BEL-1 well in Senegal, following the successful drilling of the SNE-2 and SNE-3 appraisal wells.
8:00 PM EST | March 14, 2016
Senegal SNE-3 Well Flows Thousands of Barrels of Oil
Cairn Energy reveals that the SNE-3 appraisal well offshore Senegal has flowed thousands of barrels of oil as a result of two drill stem tests within its upper reservoirs.
7:00 PM EST | March 08, 2016
Cairn, EnQuest Acquire First Oil's Kraken Stake
Cairn Energy and EnQuest acquire First Oil's 15% interest in the Kraken development in the UK North Sea after the Aberdeen-based company enters administration.
7:00 PM EST | February 21, 2016
SNE Appraisal Program Offshore Senegal Continues with SNE-3 Drilling
Drilling operations at the second appraisal well on the SNE oilfield have begun, following the completion of SNE's first appraisal well, SNE-2.
7:00 PM EST | January 18, 2016
Cairn Energy Flows Oil from SNE-2 Well Offshore Senegal
Cairn Energy plc flows oil from the SNE-2 appraisal well offshore Senegal.
7:00 PM EST | January 03, 2016
FAR Updates on Drilling at SNE-2 Appraisal Well Offshore Senegal
Far Energy provides an update on drilling at SNE-2 appraisal well in the SNE oil field offshore Senegal.
7:00 PM EST | December 09, 2015
Senegal JV Partners Receive 3-Year PSC Extension
FAR Ltd, along with its joint venture partners, receives a presidential decree to extend a current Petroleum Sharing Contract (PSC) in Senegal by three years, starting from February 6, 2016.
7:00 PM EST | November 26, 2015
Ocean Rig Athena Mobilizing for Appraisal Drilling at SNE Field Off Senegal
Australia's FAR Ltd. says the Ocean Rig Athena drillship is mobilizing to drill three appraisal wells at the SNE field offshore Senegal in late October.
8:00 PM EST | October 18, 2015
Ocean Rig Athena Drillship to Mobilize for Senegal Drilling Program Shortly
FAR Ltd. expects the Ocean Rig Athena drillship to mobilize to Senegal for an offshore drilling program shortly.
8:00 PM EST | October 13, 2015
FAR Commences Senegal 3D Seismic Survey with JV Partners
FAR commences a new 3D seismic survey, with its joint venture partners, over the Sangomar Deep, Sangomar and Rufisque permits, located offshore Senegal.
8:00 PM EST | September 16, 2015
Cairn Agrees Six-Well Drilling Plan with Senegal
Cairn Energy reaches an agreement with the government of Senegal over a development plan that includes an initial program of six exploration and appraisal wells.
8:00 PM EST | August 17, 2015
Aviva Investors Opposes Vedanta Takeover Bid for Cairn India
Fund firm Aviva Investors says it opposed a $2.3 billion plan by Vedanta to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.
8:00 PM EST | August 05, 2015
Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Crude oil's plunge is leaving drilling rigs idle from Africa to Latin America as the world's biggest energy companies curtail spending and stall projects.
8:00 PM EST | June 29, 2015
Cairn Energy Drops Ibiza Oil Drilling Plans
Cairn Energy drops plans to drill near Ibiza, the company said, as it wants to focus on developing potentially huge reserves offshore Senegal.
8:00 PM EST | June 03, 2015
Cairn Energy Submits 3-Year Senegal Work Plan
Cairn Energy submits a three-year work plan for the government of Senegal, detailing a drilling campaign around the SNE-1 discovery well in the country's offshore zone.
8:00 PM EST | May 10, 2015
Cairn India Takes Indian Authorities To Court Over $3.3B Tax Demand
Cairn India Takes Indian Authorities To Court Over $3.3B Tax Demand
8:00 PM EST | April 06, 2015
UK Foreign Minister Seeks India Assurance After $1.6B Cairn Tax Bill
UK Foreign Secretary Philip Hammond raises concerns in India over a $1.6B retrospective tax bill charged to oil explorer Cairn Energy.
8:00 PM EST | March 11, 2015
Cairn to File Notice of Dispute with Indian Government Over Tax Issues
Cairn Energy will file a Notice of Dispute to protect its legal position and shareholder interests over tax issues in India.
8:00 PM EST | March 10, 2015
Cairn Energy Disputes Indian Taxman's $1.6B Demand
Oil explorer Cairn Energy files a formal dispute against a demand for more than $1.6 billion from the Indian taxman.
8:00 PM EST | March 10, 2015
Spanish Point Appraisal Well Deferred
Cairn Energy reveals in its results statement for 2014 that an exploration/appraisal well planned near the Spanish Point discovery offshore Ireland will be deferred.
8:00 PM EST | March 09, 2015
Cairn Bucks Trend by Increasing Oil Exploration Budget
Cairn Energy announces an increase to its exploration budget for 2015.
8:00 PM EST | March 09, 2015
Cairn Completes Catcher Farm-out to Dyas UK
Cairn Energy completes the farm-out of a 10-percent interest in its Catcher development, offshore UK, to Dyas UK Limited.
7:00 PM EST | January 20, 2015
Premier Oil in 'Strong Position' to Weather Oil Price Weakness
Premier CEO Tony Durrant says Premier's stable production base with low-cash operating costs means it is in "a strong position to weather a period of oil price weakness".
7:00 PM EST | January 13, 2015
Cairn: Catcher, Kraken Developments Remain On Track
Cairn Energy says its Catcher and Kraken developments in the UK North Sea remain on track to deliver first oil in 2017.
7:00 PM EST | January 12, 2015
Cairn Strikes Oil Again Offshore Senegal
Cairn Energy makes a second oil discovery offshore Senegal to follow up its FAN-1 well's 'substantial' oil find in early October.
7:00 PM EST | November 09, 2014
Polarcus: FAN-1 Opens Up West African Coastline for Exploration
Seismic survey operator Polarcus says Cairn Energy's recent FAN-1 oil discovery offshore Senegal could open up exploration along 500 miles of West African coastline.
8:00 PM EST | October 08, 2014
Cairn Well Makes 'Substantial' Oil Find Offshore Senegal
Cairn Energy reports that its FAN-1 exploration well has found up to 2.5 billion barrels of oil.
8:00 PM EST | October 06, 2014
Cairn Farms Out 10% Stake in Catcher Project and Adjacent Acreage to Dyas
Cairn Energy farms out 10 percent interest in the Catcher development and adjacent acreage in the UK North Sea to Dyas.
8:00 PM EST | September 24, 2014
Cairn Energy Says Funded Through to Forecast Free Cash Flow in 2017
UK-based oil explorer Cairn Energy believes it has enough funds to finance its exploration and development plans until profit in three years' time.
8:00 PM EST | August 18, 2014
3D Seismic Survey Begins at Spanish Point South
Providence Resources announces the start of 3D seismic survey operations at Spanish Point South, offshore Ireland.
8:00 PM EST | August 13, 2014
Cairn Postpones Spanish Point Drill Due to Rig Delays
Cairn Energy postpones the drilling of the Spanish Point appraisal well, offshore Ireland, due to rig refurbishment delays.
8:00 PM EST | July 08, 2014
Catcher Development Plan Gets Go-Ahead from UK Government
The UK's Department of Energy and Climate Change approves Premier Oil's field development plan for the Catcher area of the central North Sea.
8:00 PM EST | June 11, 2014
Cairn Secures Debt Facility to Fund Catcher, Kraken Projects
Cairn agrees seven-year, $575-million debt facility with BNP Paribas to help the company progress the Catcher and Kraken development projects in the North Sea.
8:00 PM EST | May 14, 2014
Cairn Confirms Exploration, Appraisal Drilling Plans for 2014
Cairn Energy is participating in exploration wells in the North Sea, Senegal, Ireland and Morocco in 2014.
8:00 PM EST | March 17, 2014
Offshore Morocco Exploration Gathers Pace
Cairn completes drilling at its JM-1 well, offshore Morocco, while Kosmos Energy spuds its FA-1 well that is targeting the Eagle prospect in the Foum Assaka area.
8:00 PM EST | March 16, 2014
Morocco Says Tarfaya Offshore Block Drilling Faces Heavy-Oil
Moroccan Office of Hydrocarbons and Mining says Tarfaya offshore block drilling by Cairn Energy and Genel, with a depth of 2,112 meters, has faced a column of heavy-oil more complex to exploit.
8:00 PM EST | March 13, 2014
Tyler to Succeed Gammell as Cairn Chairman
Cairn Energy says Sir Bill Gammell will retire as its chairman in May, with non-exec director Ian Tyler taking over the role.
7:00 PM EST | March 02, 2014
Cairn Reassures on Indian Tax Rules Compliance
Cairn Energy says it will defend its position in relation to inquiries by Indian tax authorities.
7:00 PM EST | January 30, 2014
Cairn to See 9 Wells Drilled in 2014
UK independent Cairn Energy will be involved in at least nine exploration wells during 2014
7:00 PM EST | January 20, 2014