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CNE 185.00 +3.80 (2.10%)
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Cairn Energy buys Norwegian oil company Agora
Oil explorer Cairn Energy has announced it is to buy Norwegian rival Agora Oil and Gas for $450m (�281m). Edinburgh-based Cairn said the move would add drilling to its 2012 exploration programme, with up to nine Agora wells scheduled to be drilled off ...
Cairn Buys Rothschild-Backed Agora Oil for $450 Million  Bloomberg
Rothschild makes a killing on Agora sale  The Independent
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Cairn Energy finds second oil discovery in KG block
Cairn Energy India Pty Ltd. (CEIL), on Tuesday, said it had discovered oil in Nagayalanka-SE-1 well in the onshore block of Krishna-Godavari Basin.
Cairn Energy notifies second oil discovery in KG Basin's Nagayalanka well  Hindu Business Line
Cairn India made oil discovery in Krishna-Godavari basin block  Economic Times
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Dividend payouts hit record levels, but income investors warned of tight year ...
Dividend investors have been warned against getting too excited over a 25 per cent rise in income returns, as this was triggered by bumper special payouts from Vodafone and Cairn Energy. A record �18.8bn in dividends were delivered to investors in the ...
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A passage to India
Founded in 1981 by Sir Bill Gammell, now its non-executive chairman, Cairn Energy had just unearthed the Mangala oil field in the North West Indian State of Rajasthan, a discovery that was to transform the business and catapult it into the FTSE 100 ...
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The financial risks of Arctic drilling
For the past couple of years, Greenpeace has been ringing the bell, taking action and highlighting the risks and dangers of drilling for oil in the Arctic, the last great wilderness on Earth, and one of the most fragile ecosystems on the planet ...
Rush to establish Arctic economy risky for ecosystems, warns report  Responding to Climate Change (press release) (blog)
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Questor share tip: Vedanta's roller coaster ride could be poised for a climb
Also on the plus side, in December Vedanta finally completed its long-delayed $8.7bn purchase of a majority stake in Cairn Energy's Indian unit, more than a year after the deal was first announced. The acquisition turned Vedanta into a diversified ...
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Weir finds support from short coverers
Royal Dutch Shell alone contributed 18 points to the index after its first-quarter earnings beat expectations. Shell B shares jumped 3.5 per cent to �22.67 while BP added 2.8 per cent to 444.3p.
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Lessons from the Elgin gas leak: why we must stop Shell's Arctic drilling
Because of the extreme nature of operating on the frontiers of the world's last great wilderness, looking for Arctic oil is incredibly expensive (Cairn Energy, for example, spent over a billion dollars in two years to drill a handful of wells, and ...
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FTSE 100 FDs: Secret to their success
Women at the top include: British Land's Lucinda Bell, Burberry's Stacey Cartwright, Cairn Energy's Jann Brown, CRH's Maeve Carton, Diaego's Deirdre Mahlan, Eurasian's Zaure Zaurbekova, Hargreaves Lansdown's Tracey Taylor, Reckitt Benckiser's Liz ...
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10 reasons why investing in Arctic drilling is reckless � according to the ...
Last week, Lloyd's of London - the world's leading insurer which sets the global standard for risk assessment - released a report warning investors not to rush in and invest in Arctic drilling.
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