|
Cairn Energy has raised £116m in a share placing to fund the expansion of its oil production operations in India and Greenland. 12-Mar-2009 Cairn Energy has acquired Plectrum Petroleum and MedOil for £38m, in order to expand its oil exploration activities in Tunisia. 10-Sep-2007 Cairn Energy is to raise £100m in a share placing, in order to fund its exploration activities in India. 05-Jul-2004 Cairn Energy has disposed of its interests in the Dutch sector of the North Sea through the sale of its Holland Sea Search business to Dyas for £17m, in order to focus on South Asia. 14-Aug-2003 Cairn Energy is to acquire Shell's upstream assets in Bangladesh for £30m, in order to benefit from rising demand in the local gas market. 05-Aug-2003 Cairn Energy is to overhaul its corporate structure in order to separate its oil and gas operating assets from the holding company. 10-Dec-2002 Cairn Energy is seeking a partner with deep water experience to help with the development of the Annapurna gas field off the east coast of India. 29-Aug-2001 Cairn Energy has announced a gas discovery off the east coast of India which will double its reserve base. 27-Jun-2001 Cairn Energy is to increase capital expenditure to £110m this year, and will continue to focus on oil and gas exploration in India. 07-Mar-2001 Cairn Energy is planning to drill 13 exploration prospects in India over the next 12 months, at a cost of £40m. 08-Sep-2000 Cairn Energy has announced a new gas find in the Dutch North Sea that will add £13m to its portfolio over the next ten years. 06-Apr-2000 Cairn Energy is to cut 95 jobs in a restructuring programme, largely as a result of Shell becoming the operator of one of its fields in Bangladesh. 11-Mar-1999 Cairn Energy is to cut a large number of the 100 jobs at its Edinburgh headquarters, following its decision to transfer the management of its main gasfield interests in Bangladesh to Shell. 09-Feb-1999 Cairn Energy and Shell have agreed to push ahead with a strategic alliance in Bangladesh and north-east India. 22-Sep-1998 Cairn Energy has abandoned two Chinese wells as they proved dry, while one in Bangladesh has been suspended due to technical problems. 07-Apr-1998 Shell and Cairn Energy have pledged to invest up to $5bn in oil and gas developments in Bangladesh if they are successful in their bids for six more exploration blocks. 08-Nov-1997 Shell Exploration is acquiring a stake in Cairn Energy's operations in Bangladesh for £80m, and the two companies also plan to co-operate in India and other regions. 30-Apr-1997 Cairn Energy is in joint venture discussions with Shell concerning a joint application for exploration licences in Bangladesh. 20-Mar-1997 Cairn Energy is to acquire Command Petroleum of Australia for about £200m, a move which will create the biggest non-state energy company operating in the Bengal basin. 03-Oct-1996 Cairn Energy is to fund the development of the offshore Sangu field in Bangladesh by raising £50m in a rights issue. 26-Jul-1996 Cairn Energy is to go-ahead with plans to develop the Sangu offshore gas field in Bangladesh, and is looking for a development partner. 19-Apr-1996
|