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Cairn Energy PLC news

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CNE 172.80 -2.90 (-1.65%)
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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
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 ...
Market Report: Heritage jumps on new Kurdistan gas find
"Indeed, if you don't have any exploration then the market overly punishes. This happened with Cairn's shares which had been valuing $1.2bn of cash at zero, because they [Cairn Energy] spent $1bn on wildcat frontier exploration offshore Greenland and ...
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 ...
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)
Gout firm cure for AstraZeneca afflictions
Stuart Rose at Marks and Spencer and Bill Gammell at Cairn also used their popularity to trampoline over the code and into the chairman's office.
A passage to India
Having worked as a journalist on the BBC for more than 15 years, it is perhaps not surprising that David Nisbet, head of group corporate affairs at Cairn Energy, favours a straight talking approach when it comes to communications. After all, the advice ...
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 ...
Sir David Tweedie to lead accountancy body Icas
... and, in 2001, chairman of the International Accounting Standards Board - a position he held until last year. Sir David will be joined at Icas by new vice-presidents Brendan Nelson, a non-executive director at RBS and BP, and Jann Brown of Cairn Energy.
U.K. Dividends Jump to Record on Vodafone, Cairn Payouts
U.K. dividends increased to a record 18.8 billion pounds ($30 billion) last quarter after one-time payments from Vodafone Group Plc and Cairn Energy Plc. Payouts climbed by 25 percent from a year ago, reaching the highest ever level for a first quarter ...