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Cairn Energy
27 июня, 00:25

Largest Coal Consuming Countries Increase Appetite In First 5 Months Of 2017

Coal mining in the United States, India, and China – the world’s three biggest coal consumers – has increased in 2017, reversing a downward trend in the use of carbon-heavy fossil fuel in recent years, according to the Associated Press. Coal production through May is up by 6 percent, or 121 million tons for the trio year-over-year. The most dramatic change came in the United States, which saw a 19 percent rise in mining over the first five months of 2017, figures from the U.S. Department of Energy show. President Donald Trump…

26 июня, 19:20

London’s Fund Managers Soften Opposition To Saudi Aramco IPO

London’s top fund managers have thrown in the towel on their fight to stop Saudi Arabia’s state oil giant Aramco from listing shares on the London exchange, accepting that the “political will” to lure what is expected to be the biggest IPO in history is too strong to oppose, The Sunday Times reported. Aramco, which Saudi officials claim is worth US$2 trillion, aims to list 5 percent of the company on one or more international stock markets next year. In April, UK Prime Minister Theresa May traveled to Saudi Arabia together…

26 июня, 19:20

Exxon Talks With Emir Of ‘Isolated’ Qatar

The emir of Qatar, the tiny gas-rich Gulf state now isolated by its Arab neighbors, met with ExxonMobil’s chairman and chief executive Darren Woods in Doha on Saturday to talk bilateral cooperation relations, Reuters reports, citing Qatar’s state news agency QNA. At the beginning of June, Saudi Arabia, Bahrain, the United Arab Emirates (UAE), Egypt, Yemen, and Libya cut diplomatic ties with Qatar, accusing it of sponsoring terrorism and destabilizing the region. Last week, Saudi Arabia and its several other Arab allies issued a list…

26 июня, 18:31

World’s 2nd Largest Gas Importer Set To Receive First US LNG In July

Korea Gas Corporation (KOGAS) is expected to receive its first cargo of U.S.-sourced LNG under a long-term supply contract with U.S. exporter Cheniere Energy, the U.S. company said on Sunday. KOGAS’ 20-year deal commenced officially on June 1, and the first cargo was loaded the following day, Cheniere said. The SM Eagle LNG tanker is en route from Sabine Pass to South Korea’s Tongyeong, with an estimated time of arrival of June 30. Under the terms of the 20-year Sales and Purchase Agreement (SPA) that was signed in 2012, Cheniere…

23 июня, 23:37

Global Energy Advisory June 23rd 2017

Mexico awarded 10 of the 15 oil and gas offshore blocks it tendered this week, with the results of the tender exceeding expectations amid increasingly weak oil prices. Winners included Italy’s Eni, Shell, Total, Spanish Repsol, Lukoil, and Ecopetrol, as well as local major Pemex. The Italian oil and gas giant was the biggest winner, securing licenses for the development of three blocks, two of them in partnership with a Mexican independent, Citla Energy, and one together with a unit of Cairn Energy. Colombia’s Ecopetrol won the licenses…

20 июня, 11:30

Mexico Round 2: 10 Blocks Awarded

Ten of the 15 blocks on offer in Mexico's Round 2 licensing round of Gulf of Mexico shallow water acreage were awarded June 19. Strong competitive bid interest was registered, with two or more bids received on areas 6, 7, and 9-11, with offers there consequently high. However consultancy Wood Mackenzie...

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19 июня, 16:59

India steps up fight in Cairn Energy tax dispute

Officials demand $350m while UK group says it is claiming $1bn from New Delhi

19 мая, 20:58

Cairn-led group drills appraisal well in SNE field offshore Senegal

A combine led by Cairn Energy Ltd. has completed drilling of an appraisal well in SNE oil field offshore Senegal. The group recording strong flow rates in the SNE-6 well from the upper reservoirs.

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28 апреля, 00:22

Cairn unit to operate block off Ireland

Capricorn Oil Ltd., a wholly owned subsidiary of Cairn Energy PLC, has become operator of Licensing Option 16/19 offshore Ireland after acquiring a 70% interest from Europa Oil & Gas (Holdings) PLC.

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26 апреля, 19:46

Cairn-led group to drill wildcat offshore Senegal

A group led by Cairn Energy PLC working offshore Senegal will spud a wildcat in the deepwater Basin Fan play in the coming weeks.

04 апреля, 17:44

Transneft Ready To Send 24M Tons Of Crude To Belarus

Russia’s pipeline giant Transneft has enough capacity to export 24 million tons of crude oil to Belarus this year, a company official told Reuters today, after yesterday Moscow and Minsk announced that they had settled their dispute concerning shipments of natural gas and overdue payments that had sparked tensions between the otherwise friendly neighbors. Minsk agreed to gradually pay the outstanding $726 million Moscow said it owed Gazprom—an agreement that was seen as good enough by the Russian side. In return, Russia would resume…

04 апреля, 00:18

Tesla Shares Reach All-Time High As Production Records Set

Tesla shares reached an all-time high topping $292 each on Monday, after the release of a report showing a 69 percent increase in electric car deliveries compared to a year ago, according to ZeroHedge. The jump set a quarterly record of 25,418 vehicle deliveries, which goes a long way towards recovering from shipment delays in 2016 Q4. Model S Sedans represented 13,450 of the Tesla orders fulfilled, while the Model X sports utility vehicle represented 11,550. The company said it expects ship as many as 50,000 Model S and Model X’s in the…

31 марта, 01:44

CNOOC Takes On Australian Partner For African Exploration

China’s CNOOC has struck a partnership deal with smaller Australian exploration company FAR for joint operations off the coasts of Senegal and Gambia, where the Australian company already has a presence. In Senegal, FAR is working with larger players including Woodside Petroleum and Cairn Energy, and in Gambia, it just acquired an 80-percent interest in several offshore blocks. The company’s managing director commented that the CNOOC deal will give FAR the means to continue with its acquisition drive in West Africa. For CNOOC, the deal…

31 марта, 01:44

Indian Lenders Delay Rosneft’s Essar Acquisition Until April

Some of the Indian banks that have lent to refiner Essar Oil have not yet approved its acquisition by a group of companies led by Russia’s Rosneft, and the deal has been postponed for next month, Essar and Rosneft said as quoted by Reuters. Originally, the $13-billion acquisition was scheduled to close this month. The deal was first announced last October. Under its terms, Rosneft would buy 98 percent in the Indian refiner together with commodity trader Trafigura and Russian investment fund United Capital partners. Rosneft will get 49 percent…

28 марта, 18:33

Cairn Energy group finds more oil offshore Senegal

A joint venture led by Cairn Energy PLC has made an oil discovery in its VR-1 well offshore Senegal, notching up its eighth consecutive successful well in the region since drilling began in 2004.

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08 марта, 19:21

Cairn appraises SNE field offshore Senegal

Cairn Energy PLC, Edinburgh, is furthering its SNE field appraisal offshore Senegal after confirming gross oil intervals of 18½ m and 8½ m in its SNE-5 well.

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23 февраля, 19:18

Hathon joins Cairn as exploration director

Eric Hathon has joined Cairn Energy PLC, Edinburgh, as director of exploration.

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23 января, 21:16

SNE appraisals begin offshore Senegal

The Cairn Energy Ltd.-led group in the SNE oil discovery offshore Senegal has begun the 2017 appraisal program at the field, which was originally discovered in 2014.

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21 декабря 2016, 18:58

Former BlackRock manager jailed for insider dealing

Mark Lyttleton used inside information to trade in EnCore Oil and Cairn Energy

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21 декабря 2016, 18:58

Former BlackRock manager jailed for insider dealing

Mark Lyttleton used inside information to trade in EnCore Oil and Cairn Energy