Cairn Energy Company News

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Eni's Latest Mexico Well Disappoints
Wednesday, May 06, 2020Operations have been completed on the Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico.

Cairn Defers Capital Plans for Exploration, Appraisal Activity
Monday, March 30, 2020Reductions and deferrals have already been identified, representing a 23% decrease in capital expenditures.

India Plans Larger Oil Auctions as Modi Pursues Import Cuts
Thursday, September 14, 2017"We want to create a lot of E&P companies in India," said the head of the country's oil regulator.

Cairn Energy: SNE-5 Appraisal Well Hits Oil, Gas
Tuesday, March 07, 2017Cairn Energy plc announces that multiple samples of oil and gas have been recovered at the SNE-5 appraisal well offshore Senegal.

AkerBP, Cairn Energy Make Jefferies Top Pick List
Monday, January 09, 2017AkerBP 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.

ConocoPhillips Confirms FAR Holds Pre-Emption Right for Senegal Project
Tuesday, August 23, 2016ConocoPhillips 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.

Cairn Energy Increases SNE 2C Resource Estimate
Tuesday, August 16, 2016Cairn Energy increases its 2C resource estimate at the SNE asset offshore Senegal to 473 million barrels from an earlier prediction of 385 million barrels.

Cairn Energy Hits Oil at SNE-4 Appraisal Well
Thursday, May 19, 2016Cairn Energy plc encounters a gross oil column of 328 feet at the SNE-4 appraisal well offshore Senegal.

Cairn Spuds SNE-4 Well Offshore Senegal
Monday, April 18, 2016The SNE-4 well, offshore Senegal, has been spud by Cairn Energy plc, according to the company's joint venture partner, FAR Limited.

Cairn Energy Sees Further Success in Senegal, Plans Additional Well
Monday, April 11, 2016Cairn Energy plc will commence operations for a fourth well in Senegal, SNE-4, "shortly", after the third BEL-1 well encounters "positive" results.

Osborne Supports Oil, Gas Industry with Tax Cuts
Wednesday, March 16, 2016UK Chancellor of the Exchequer George Osborne announces tax cuts for the country's oil and gas industry in his Budget speech.

Cairn Spuds BEL-1 well in Senegal
Tuesday, March 15, 2016Cairn Energy spuds the BEL-1 well in Senegal, following the successful drilling of the SNE-2 and SNE-3 appraisal wells.

Senegal SNE-3 Well Flows Thousands of Barrels of Oil
Wednesday, March 09, 2016Cairn 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.

Cairn, EnQuest Acquire First Oil's Kraken Stake
Monday, February 22, 2016Cairn 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.

SNE Appraisal Program Offshore Senegal Continues with SNE-3 Drilling
Tuesday, January 19, 2016Drilling operations at the second appraisal well on the SNE oilfield have begun, following the completion of SNE's first appraisal well, SNE-2.

Cairn Energy Flows Oil from SNE-2 Well Offshore Senegal
Monday, January 04, 2016Cairn Energy plc flows oil from the SNE-2 appraisal well offshore Senegal.

FAR Updates on Drilling at SNE-2 Appraisal Well Offshore Senegal
Thursday, December 10, 2015Far Energy provides an update on drilling at SNE-2 appraisal well in the SNE oil field offshore Senegal.

Senegal JV Partners Receive 3-Year PSC Extension
Friday, November 27, 2015FAR 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.

Ocean Rig Athena Mobilizing for Appraisal Drilling at SNE Field Off Senegal
Monday, October 19, 2015Australia'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.

Ocean Rig Athena Drillship to Mobilize for Senegal Drilling Program Shortly
Wednesday, October 14, 2015FAR Ltd. expects the Ocean Rig Athena drillship to mobilize to Senegal for an offshore drilling program shortly.

FAR Commences Senegal 3D Seismic Survey with JV Partners
Thursday, September 17, 2015FAR commences a new 3D seismic survey, with its joint venture partners, over the Sangomar Deep, Sangomar and Rufisque permits, located offshore Senegal.

Cairn Agrees Six-Well Drilling Plan with Senegal
Tuesday, August 18, 2015Cairn Energy reaches an agreement with the government of Senegal over a development plan that includes an initial program of six exploration and appraisal wells.

Aviva Investors Opposes Vedanta Takeover Bid for Cairn India
Thursday, August 06, 2015Fund 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.

Rig Rout Puts Smaller Drillers in Front as Oil Majors Scale Back
Tuesday, June 30, 2015Crude 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.

Cairn Energy Drops Ibiza Oil Drilling Plans
Thursday, June 04, 2015Cairn Energy drops plans to drill near Ibiza, the company said, as it wants to focus on developing potentially huge reserves offshore Senegal.

Cairn Energy Submits 3-Year Senegal Work Plan
Monday, May 11, 2015Cairn 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.

Cairn India Takes Indian Authorities To Court Over $3.3B Tax Demand
Tuesday, April 07, 2015Cairn India Takes Indian Authorities To Court Over $3.3B Tax Demand

UK Foreign Minister Seeks India Assurance After $1.6B Cairn Tax Bill
Thursday, March 12, 2015UK Foreign Secretary Philip Hammond raises concerns in India over a $1.6B retrospective tax bill charged to oil explorer Cairn Energy.

Cairn to File Notice of Dispute with Indian Government Over Tax Issues
Wednesday, March 11, 2015Cairn Energy will file a Notice of Dispute to protect its legal position and shareholder interests over tax issues in India.

Cairn Energy Disputes Indian Taxman's $1.6B Demand
Wednesday, March 11, 2015Oil explorer Cairn Energy files a formal dispute against a demand for more than $1.6 billion from the Indian taxman.

Spanish Point Appraisal Well Deferred
Tuesday, March 10, 2015Cairn Energy reveals in its results statement for 2014 that an exploration/appraisal well planned near the Spanish Point discovery offshore Ireland will be deferred.

Cairn Bucks Trend by Increasing Oil Exploration Budget
Tuesday, March 10, 2015Cairn Energy announces an increase to its exploration budget for 2015.

Cairn Completes Catcher Farm-out to Dyas UK
Wednesday, January 21, 2015Cairn Energy completes the farm-out of a 10-percent interest in its Catcher development, offshore UK, to Dyas UK Limited.

Premier Oil in 'Strong Position' to Weather Oil Price Weakness
Wednesday, January 14, 2015Premier 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".

Cairn: Catcher, Kraken Developments Remain On Track
Tuesday, January 13, 2015Cairn Energy says its Catcher and Kraken developments in the UK North Sea remain on track to deliver first oil in 2017.

Cairn Strikes Oil Again Offshore Senegal
Monday, November 10, 2014Cairn Energy makes a second oil discovery offshore Senegal to follow up its FAN-1 well's 'substantial' oil find in early October.

Polarcus: FAN-1 Opens Up West African Coastline for Exploration
Thursday, October 09, 2014Seismic 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.

Cairn Well Makes 'Substantial' Oil Find Offshore Senegal
Tuesday, October 07, 2014Cairn Energy reports that its FAN-1 exploration well has found up to 2.5 billion barrels of oil.

Cairn Farms Out 10% Stake in Catcher Project and Adjacent Acreage to Dyas
Thursday, September 25, 2014Cairn Energy farms out 10 percent interest in the Catcher development and adjacent acreage in the UK North Sea to Dyas.

Cairn Energy Says Funded Through to Forecast Free Cash Flow in 2017
Tuesday, August 19, 2014UK-based oil explorer Cairn Energy believes it has enough funds to finance its exploration and development plans until profit in three years' time.

3D Seismic Survey Begins at Spanish Point South
Thursday, August 14, 2014Providence Resources announces the start of 3D seismic survey operations at Spanish Point South, offshore Ireland.

Cairn Postpones Spanish Point Drill Due to Rig Delays
Wednesday, July 09, 2014Cairn Energy postpones the drilling of the Spanish Point appraisal well, offshore Ireland, due to rig refurbishment delays.

Catcher Development Plan Gets Go-Ahead from UK Government
Thursday, June 12, 2014The UK's Department of Energy and Climate Change approves Premier Oil's field development plan for the Catcher area of the central North Sea.

Cairn Secures Debt Facility to Fund Catcher, Kraken Projects
Thursday, May 15, 2014Cairn 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.

Cairn Confirms Exploration, Appraisal Drilling Plans for 2014
Tuesday, March 18, 2014Cairn Energy is participating in exploration wells in the North Sea, Senegal, Ireland and Morocco in 2014.

Offshore Morocco Exploration Gathers Pace
Monday, March 17, 2014Cairn 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.

Morocco Says Tarfaya Offshore Block Drilling Faces Heavy-Oil
Friday, March 14, 2014Moroccan 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.

Tyler to Succeed Gammell as Cairn Chairman
Monday, March 03, 2014Cairn Energy says Sir Bill Gammell will retire as its chairman in May, with non-exec director Ian Tyler taking over the role.

Cairn Reassures on Indian Tax Rules Compliance
Friday, January 31, 2014Cairn Energy says it will defend its position in relation to inquiries by Indian tax authorities.

Cairn to See 9 Wells Drilled in 2014
Tuesday, January 21, 2014UK independent Cairn Energy will be involved in at least nine exploration wells during 2014