The Herald (Free subscription) | 06/24/2008
Cairn Energy has finally started laying a $800m (£408m) pipeline to take output from the giant finds it has made in north-west India to market, in a landmark development for the Edinburgh firm.
Scotsman.com (Free subscription) | yesterday
... around this level as the summer continues."The lower oil prices hit prospectors Tullow Oil and Cairn Energy, which were down 40.5p to 725p and 86p to 2,617p, respectively.BG Group was also on the back foot despite beating City forecasts with interim figures. BG shares fell 6 per cent, or 72p to 1,068p, with BP off 9.25p to 512.5p ahead of its own results next week.Miners littered the fallers'...
Scotsman.com (Free subscription) | 07/22/2008
WOOD Group, the Aberdeen-based energy services giant, gained 4 per cent to 402p yesterday as oil prices came off the boil but remained around the $130 a barrel mark.Elsewhere in the sector, Edinburgh-based oil and gas explorer Cairn Energy addedADVERTISEMENT 21p to 2,583p, while Aberdeen-based Venture Production inched up 2p to 766.5p.Axis-Shield nudged up 7p, or 2.5 per cent, to 290p after...
Channel 4 (Free subscription) | 07/17/2008
... results helped pep up Marks & Spencer, gaining 16p to 255.75p.On the fallers' side, oil explorers Cairn Energy and Tullow Oil were among the worst hit as oil prices cooled. Cairn lost 25p to 22571p, with Tullow down 5.5p to 793.5p.Energy stocks were also on the back foot, including British Gas parent Centrica off 3.5p at 291.75p and nuclear power provider British Energy, down 12.5p at 710p.Winners:...
Business Spectator (Free subscription) | 07/16/2008
... as crude prices traded above $US139 a barrel. BP , Royal Dutch Shell , gas producer BG Group , Cairn Energy and Tullow Oil strengthened 0.6 to 0.9 per cent. Miners bounced after Tuesday's sharp falls, with BHP Billiton , Anglo American and Lonmin putting on between 0.5 and 1.1 per cent. Rio Tinto advanced 1.4 per cent. The miner said second-quarter refined copper output tumbled 18 per cent...
The Telegraph (Free subscription) | 07/14/2008
... to boost oil and gas assets but has had difficulty in identifying targets and completing deals. Cairn Energy, with its considerable portfolio of Indian assets, has been one of its targets. Imperial shares closed up 146½ at 918½p, valuing the business at around £950m as the market decided Imperial was unlikely to get an offer matching its own valuation. Peter Levine, Imperial chairman and...
Scotsman.com (Free subscription) | 07/12/2008
FUEL supply concerns saw crude oil prices hit record levels, meaning shares in Scotland's major oil producers leapt yesterday. Dana Petroleum was the biggest riser, adding 113p, or 7.33 per cent, to 1,655p. Venture Production, meanwhile, rose 5 ADVERTISEMENT per cent to 811.5p while Edinburgh-based Cairn Energy ticked up 102p to 2,844p. Melrose Resources rose 11.5p to 408p.The fuel fears dragged...
The Independent (Free subscription) | 07/10/2008
On the FTSE 100, oil and gas stocks tempered the index's gains as the oil price remained shy of recent highs. BG Group was down 16p at 1,179p, Cairn Energy lost 22p at 2,774p and BP was weaker by 0.5p at 552p. Drax, which owns and runs the Drax power station, gained 7.5p to close at 746.5p after the Royal Bank of Scotland moved the stock from "sell" to "buy". "With exposure to power, coal and...
Scotsman.com (Free subscription) | 07/08/2008
The subsidiary of Edinburgh-based Cairn Energy yesterday signed an agreement with the government of Sri Lanka covering the exploration of the first of eight oil blocks in the Mannar basin, following a successful bid.The government says seismic data shows that more than one billion barrels of oil lie under the sea off the north-west coast.
The Independent (Free subscription) | 07/03/2008
... rights issue. To hedge its position, Jabre also has a 0.27 per cent short position in HBOS stock. Cairn Energy was up 22p at 3187p as the oil price swung a new high above $146 per barrel. The price is now within striking distance of Morgan Stanley’s prediction of $150 per barrel by the 4th of July. Moving down Marks & Spencer remained weak, down 5p at 235p, as brokers weighed-in on its surprise...
India eNews: Top Headlines (Free subscription) | 07/03/2008
... of the PSC, Cairn India holds a 50 percent interest in this block, with its joint venture partner Cairn Energy PLC holding the remaining 50 percent interest through its subsidiary Capricorn Energy Ltd.(Staff Writer, © IANS)
India eNews: Top Headlines (Free subscription) | 06/30/2008
... did get bids from companies.Bidders included BHP Billiton, BP Plc (formerly British Petroleum), Cairn Energy, Oil and Natural Gas Corp (ONGC), Reliance Industries, Essar Oil and GVK Industries. There were 21 foreign companies, including nine first-time bidders.Among the companies which have made single bids are the consortium of BHP and GVK, which bid for six blocks. ONGC has reportedly...
Edinburgh Evening News (Free subscription) | 06/26/2008
SIR Bill Gammell's Cairn Energy is looking for clearance to use enhanced oil recovery techniques that could allow an extra 300 million oil barrels to be pumped from its Ra
Scotsman.com (Free subscription) | 07/02/2008
... which was driven by Cable & Wireless increasing its offer to 180p. Shares dropped 1.75p to 175.25p.Cairn Energy, Scotland's largest oil company, retreated in line with falling crude oil prices, down 77p to 3,158p. Dana Petroleum and Venture Production also dropped by around 2 per cent, while Edinburgh-based Melrose Resources bucked the trend, adding 4p to 429p. On Aim, Aberdeen-based oil...
Indian Express (Free subscription) | 07/01/2008
... with the Indian exploration scene like BG and Focus Energy are missing. Even companies like Cairn Energy and Reliance, the two most successful companies in the Indian oil and gas space, have also decided to play safe and have submitted bids for limited blocks. Few small sized blocks in the Cambay block, for which the criteria was relaxed by the DGH, got 17 bids each from many small, medium...
